Crop Insurance
The United States
Indemnities by cause of loss for Peanuts, 1995-2023
| Indemnities by cause of loss for Peanuts, 1995-2023 | |||
|---|---|---|---|
| Cause of Loss | Indemnities paid 1995-2023 | ||
| Drought | $786,536,783 | ||
| Excess Moisture/Precipitation/Rain | $363,022,437 | ||
| Heat | $280,769,848 | ||
| Hot Wind | $134,607,697 | ||
| Hurricane/Tropical Depression | $101,684,918 | ||
| Wind/Excess Wind | $55,111,391 | ||
| Plant Disease | $43,997,833 | ||
| Freeze | $29,991,102 | ||
| GRP/GRIP/ARPI/SCO/STAX/MP/HIP WI Crops Only * | $21,743,372 | ||
| Wildlife | $17,849,586 | ||
| Cold Wet Weather | $16,391,624 | ||
| Hail | $15,470,374 | ||
| Failure of Irrigation Equipment | $8,014,130 | ||
| Tropical Storm | $5,614,924 | ||
| Mycotoxin | $4,859,728 | ||
| Decline in Price | $4,581,403 | ||
| Frost | $2,175,181 | ||
| Other (Snow, Lightning, Etc.) | $1,881,838 | ||
| Flood | $1,807,725 | ||
| All Other Causes | $1,177,682 | ||
| Insects | $1,096,451 | ||
| Failure of Irrigation Supply | $253,137 | ||
| Fire | $144,115 | ||
| Cold Winter | $131,399 | ||
| Cyclone | $111,866 | ||
| Earthquake | $29,661 | ||
| Poor Drainage | $13,994 | ||
| Volcanic Eruption | $9,990 | ||
| Inability to Prepare Land for Irrigation | $698 | ||
| 1995-2023 | $1,899,080,885 | ||
* 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.
Increasing crop reference prices would hurt young farmers
Do billionaires get farm subsidies?
Crop insurance pays billions in weather-related losses linked to the climate crisis
Crop insurance costs soar over time, reaching a record high in 2022
As the climate emergency heats up the Southwest, crop insurance payouts for heat surge
In the intensifying climate crisis, a hotter Southwest spurs rising heat-related crop insurance costs
