According to Iowa State University Extension and Outreach, stored grain damaged by floodwaters cannot be sold or fed, meaning a direct loss for most farmers. Some individual insurance policies may cover part of the loss. Good grain sitting more than 1 foot above the flood line can be fed and sold with specific case-by-case FDA approval. Farmers are to contact their local Department of Natural Resources (DNR) for the best way to dispose of damaged grain in their area.Flood damage across the Midwest is expected to top $3 billion, with ag losses in Iowa alone estimated at $214 million. That amounts to a lot of visits to the FSA office, inspections by the DNR and EPA, and visits to the bank. Farm bankruptcies were already on the rise throughout the Midwest after years of low commodity prices and fallout from the trade war. Some farmers won’t survive to farm another year.