Crop Insurance

The United States

Crop Insurance Analysis:

Indemnities for the U.S.

Premium Subsidies for the U.S.

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Premium Subsidies by Cause of Loss in the United States

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.

Premium subsidies by cause of loss
Cause of LossPremium subsidies
1995-2023
Drought$15,106,781,885
Excess Moisture/Precipitation/Rain$10,557,029,023
GRP/GRIP/ARPI/SCO/STAX/MP/HIP WI Crops Only *$4,489,451,542
Decline in Price$3,070,137,779
Hail$2,074,178,682
Heat$1,918,190,868
Freeze$997,096,875
Cold Wet Weather$923,956,131
Wind/Excess Wind$801,350,993
Hot Wind$778,618,080
Flood$390,908,264
Frost$348,189,144
Hurricane/Tropical Depression$298,291,207
Failure of Irrigation Equipment$281,452,558
Cold Winter$238,953,273
Plant Disease$195,272,562
Other (Snow, Lightning, Etc.)$163,529,272
Wildlife$112,225,654
Mycotoxin$83,092,304
Insects$75,011,494
All Other Causes$50,715,068
Tropical Storm$23,307,672
Failure of Irrigation Supply$22,526,772
Excess Sun$11,616,314
Fire$11,561,612
Falling Numbers$10,051,920
Asiatic Citrus Canker$9,654,502
Insufficient Chilling Hours$7,608,355
Tornado$4,653,331
House burn (Pole burn)$1,783,895
Cyclone$1,076,977
Earthquake$1,033,120
Salinity$1,028,348
Fruit Set Failure$851,932
Inability to Prepare Land for Irrigation$804,816
Storm Surge$518,243
Erosion$472,879
Oxygen Depletion$403,709
Asian Soybean Rust$392,044
Post Bloom Fruit Drop$314,726
Volcanic Eruption$132,490
Poor Drainage$120,111
Disease, Aquaculture$116,698
Ice Flow$59,410
Federal or State Ordered Destruction$45,260
Market Price Difference - Spring vs Harvest$28,623
Force Fire$9,657
Tidal Wave/Tsunami$4,172
Hot Hemp$3,564
Pit Burn$25
1995-2023$43,064,613,835

* 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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