Crop Insurance

The United States

Crop Insurance Analysis:

Indemnities for the U.S.

Premium Subsidies for the U.S.

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Crop Insurance premium subsidies by cause of loss for Wheat, 1995-2022

The premium subsidies by cause of loss in the table below are lower than total premium subsidies for this state because the USDA Risk Management Agency only reports premium subsidies by cause of loss for policies that paid an indemnity. Non-indemnified policies and their associated premium subsidies are not reported by cause of loss.

Crop Insurance premium subsidies by cause of loss for Wheat, 1995-2022
Cause of LossPremium subsidies
1995-2022
Drought$2,438,933,669
Excess Moisture/Precipitation/Rain$1,234,895,252
Hail$499,305,356
Decline in Price$350,536,445
Freeze$295,337,936
Cold Winter$162,987,500
Wind/Excess Wind$150,505,647
Heat$137,065,359
Cold Wet Weather$106,723,450
Plant Disease$64,197,416
GRP/GRIP/ARPI/SCO/ECO/STAX/MP/HIPWI Crops Only*$54,274,829
Hot Wind$46,264,116
Frost$35,732,952
Other (Snow, Lightning, Etc.)$20,971,447
Mycotoxin$20,280,002
Failure of Irrigation Supply/Equipment$16,507,144
All Other Causes$16,339,377
Flood$14,573,042
Insects$12,402,609
Falling Numbers$9,034,521
Wildlife$6,924,563
Fire$1,026,453
Hurricane/Tropical Depression$580,718
Erosion$381,907
Tornado$359,584
Cyclone$241,300
Inability to Prepare Land for Irrigation$141,754
Earthquake$100,740
Volcanic Eruption$22,762
Market Price Difference - Spring vs Harvest$22,645
Poor Drainage$22,401
Federal or State Ordered Destruction$1,021
1995-2022$5,696,693,917

* 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.

 

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