Prevented planting insurance claims could easily set a record this year despite lower limits on coverage imposed by the Agriculture Department because of concerns that growers were being overpaid in the past.
The land-grant university administrators charged with educating the next generation of agriculturists could probably earn more in the private sector or leading a trade association, but at least one earns more than $400,000.
Agriculture Department officials expect farmers to file more than $1 billion in insurance claims for acreage they were unable to plant due to the succession of storms across the Midwest and Mississippi River valley this spring.
Grain traders are still unsure of actual planted cropland after USDA dropped planted corn acres estimates by just over 1 million in its June Acreage report Friday. Many traders find that difficult to believe after farmers in the eastern Corn Belt struggled to plant a crop this spring.