Crop insurance companies have paid out more than $7.1 billion so far in 2011. According to a release from National Crop Insurance Services (NCIS) that is second only to 2008 when the total value of indemnities paid to farmers totaled $8.6 billion. Widespread agricultural losses in 2011 came from a combination of flooding in the Central US, droughts in the southern plains, a tropical storm in the Northeast and a freeze in Florida.
As of 2010, approximately 80 percent of eligible farmland; covering more than 256 million acres, valued at almost $80 billion were protected by private crop insurance policies. Despite 2011 being one of the worst weather years on record, NCIS says farmers have crop insurance policies in place to prevent catastrophic losses.
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For the storm many crops were damaged. So a huge amount of dollar was paid by US government for to make fit the agricultural systems at US. Here small news about that was given.