Successful Farming
Extreme weather, such as the drought in Texas, is not just wearing on the spirit of American farmers. It is also leading to more crop insurance claims and increased cost for the taxpayer, insurance provider, and farmer. A Stanford University study published in 2021 analyzed the impact of warming temperatures on the cost of crop insurance from 1991 to 2017, and found it contributed to more than 19% of the $141 billion in losses covered by the federal program in that time frame.