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 Processing Beans, 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 Processing Beans, 1995-2022
Cause of LossPremium subsidies
1995-2022
Excess Moisture/Precipitation/Rain$4,902,757
Heat$2,563,648
Drought$2,533,558
Hail$403,052
Cold Wet Weather$352,049
Hot Wind$129,302
Plant Disease$118,866
Frost$72,069
Hurricane/Tropical Depression$66,620
Other (Snow, Lightning, Etc.)$63,077
Wind/Excess Wind$58,981
Freeze$41,209
Flood$33,683
Wildlife$16,651
Insects$16,277
Failure of Irrigation Supply/Equipment$12,334
Cold Winter$10,472
GRP/GRIP/ARPI/SCO/ECO/STAX/MP/HIPWI Crops Only*$6,723
All Other Causes$1,604
1995-2022$11,402,932

* 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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