Crop Insurance
New Mexico
Crop insurance premium subsidies in New Mexico
Total premium subsidies, 1995-2023: $572,734,624
Premium subsidies by County, 1995-2023
Premium subsidies by year, 1995-2023
Premium subsidies by crop, 1995-2023
Premium subsidies by cause of loss, 1995-2023
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 Loss | Premium subsidies 1995-2023 | ||
| GRP/GRIP/ARPI/SCO/STAX/MP/HIP WI Crops Only * | $166,642,724 | ||
| Drought | $73,927,216 | ||
| Hot Wind | $15,188,216 | ||
| Wind/Excess Wind | $12,850,348 | ||
| Hail | $12,404,192 | ||
| Failure of Irrigation Equipment | $9,355,041 | ||
| Freeze | $9,230,400 | ||
| Heat | $8,737,672 | ||
| Decline in Price | $4,506,565 | ||
| Excess Moisture/Precipitation/Rain | $2,831,813 | ||
| Failure of Irrigation Supply | $1,228,313 | ||
| Cold Wet Weather | $1,162,269 | ||
| Plant Disease | $396,558 | ||
| Cold Winter | $372,875 | ||
| Mycotoxin | $349,637 | ||
| Other (Snow, Lightning, Etc.) | $344,955 | ||
| Insects | $258,308 | ||
| Flood | $169,309 | ||
| Frost | $154,723 | ||
| Wildlife | $132,672 | ||
| Cyclone | $60,486 | ||
| Fire | $22,696 | ||
| Erosion | $12,663 | ||
| Tornado | $3,046 | ||
| Earthquake | $1,636 | ||
| All Other Causes | $523 | ||
| Fruit Set Failure | $63 | ||
| 1995-2023 | $320,344,919 | ||
* 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 2021-2023.
Number of years each cause of loss garnered premium subsidies, out of the 29 years between 1995 and 2023
* 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 2021-2023
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