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Showing posts with label crop insurance payments. Show all posts
Showing posts with label crop insurance payments. Show all posts

Friday, May 9, 2008

Ruling goes against farmers in Georgia and other states

A 30-million dollar judgment in favor of peanut farmers in Georgia and six other states has been thrown out by a federal appeals court in Virginia. The lawsuit involving 38-hundred farmers dealt with a dispute over crop insurance payments. The three-judge panel Thursday sided with federal officials who had cut those payments by nearly half--it said under the 2002 Farm Bill farmers would only entitled to get around 18 cents a pound. Farmers claim the insurance program should cover 31 cents a pound for crops lost in the ’02 drought. An attorney for the farmers plans to appeal.

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