Crop Insurance
The United States
Indemnities by cause of loss for Soybeans, 1995-2022
| Indemnities by cause of loss for Soybeans, 1995-2022 | |||
|---|---|---|---|
| Cause of Loss | Indemnities paid 1995-2022 | ||
| Drought | $9,492,142,891 | ||
| Excess Moisture/Precipitation/Rain | $8,850,169,459 | ||
| Decline in Price | $1,659,519,991 | ||
| Hail | $1,427,454,234 | ||
| GRP/GRIP/ARPI/SCO/ECO/STAX/MP/HIPWI Crops Only* | $1,017,730,037 | ||
| Heat | $944,977,610 | ||
| Flood | $586,088,390 | ||
| Cold Wet Weather | $511,865,409 | ||
| Frost | $242,402,916 | ||
| Hurricane/Tropical Depression | $154,032,138 | ||
| Wildlife | $121,149,367 | ||
| Freeze | $105,038,155 | ||
| Wind/Excess Wind | $76,569,687 | ||
| Hot Wind | $74,816,631 | ||
| Other (Snow, Lightning, Etc.) | $71,805,744 | ||
| Plant Disease | $47,048,465 | ||
| All Other Causes | $24,677,773 | ||
| Insects | $23,918,588 | ||
| Failure of Irrigation Supply/Equipment | $10,886,208 | ||
| Mycotoxin | $4,217,784 | ||
| Cold Winter | $3,791,037 | ||
| Tornado | $1,831,448 | ||
| Asian Soybean Rust | $1,142,578 | ||
| Fire | $959,649 | ||
| Inability to Prepare Land for Irrigation | $950,042 | ||
| Cyclone | $875,321 | ||
| Earthquake | $573,063 | ||
| Federal or State Ordered Destruction | $148,447 | ||
| Poor Drainage | $120,057 | ||
| Volcanic Eruption | $51,372 | ||
| Erosion | $6,000 | ||
| Market Price Difference - Spring vs Harvest | $120 | ||
| 1995-2022 | $25,456,960,610 | ||
* 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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