Crop Insurance
The United States
Indemnities by cause of loss for Wheat, 1995-2022
Indemnities by cause of loss for Wheat, 1995-2022 | |||
---|---|---|---|
Cause of Loss | Indemnities paid 1995-2022 | ||
Drought | $10,471,501,248 | ||
Excess Moisture/Precipitation/Rain | $5,305,670,172 | ||
Hail | $2,497,893,111 | ||
Freeze | $1,449,406,023 | ||
Cold Winter | $826,538,170 | ||
Decline in Price | $808,030,443 | ||
Heat | $626,050,085 | ||
Wind/Excess Wind | $599,890,728 | ||
Cold Wet Weather | $430,524,290 | ||
Plant Disease | $322,515,581 | ||
GRP/GRIP/ARPI/SCO/ECO/STAX/MP/HIPWI Crops Only* | $226,764,137 | ||
Frost | $170,482,670 | ||
Hot Wind | $148,664,390 | ||
Failure of Irrigation Supply/Equipment | $105,718,781 | ||
Mycotoxin | $82,193,308 | ||
Other (Snow, Lightning, Etc.) | $78,153,324 | ||
All Other Causes | $72,768,555 | ||
Flood | $71,481,312 | ||
Insects | $55,372,389 | ||
Falling Numbers | $38,763,876 | ||
Wildlife | $26,192,414 | ||
Fire | $5,275,425 | ||
Erosion | $3,519,113 | ||
Hurricane/Tropical Depression | $2,251,673 | ||
Tornado | $1,814,859 | ||
Inability to Prepare Land for Irrigation | $855,684 | ||
Cyclone | $736,583 | ||
Earthquake | $413,768 | ||
Poor Drainage | $156,776 | ||
Volcanic Eruption | $100,452 | ||
Market Price Difference - Spring vs Harvest | $86,663 | ||
Federal or State Ordered Destruction | $11,521 | ||
1995-2022 | $24,429,797,525 |
* Types of insurance policies; details on the RMA website. Indemnities for GRP/GRIP crops between 1995-2013; indemnities for ARPI, SCO, STAX, MP, HIP, WI crops 2014-2020, indemnities for ECO crops 2021 and 2022.