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 Corn, 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 Corn, 1995-2022
Cause of LossPremium subsidies
1995-2022
Drought$4,115,801,247
Excess Moisture/Precipitation/Rain$4,039,134,038
Decline in Price$1,419,142,658
GRP/GRIP/ARPI/SCO/ECO/STAX/MP/HIPWI Crops Only*$836,268,416
Hail$444,499,585
Heat$440,296,411
Cold Wet Weather$362,871,673
Flood$175,428,680
Wind/Excess Wind$156,112,572
Hot Wind$90,350,237
Other (Snow, Lightning, Etc.)$62,307,057
Mycotoxin$57,661,793
Freeze$42,297,666
Frost$38,608,681
Failure of Irrigation Supply/Equipment$38,036,636
Wildlife$28,689,419
Hurricane/Tropical Depression$16,271,111
Plant Disease$13,759,801
Insects$11,227,194
All Other Causes$8,266,867
Cold Winter$2,907,421
Tornado$1,458,468
Fire$586,502
Earthquake$333,069
Cyclone$332,127
Inability to Prepare Land for Irrigation$306,000
Federal or State Ordered Destruction$20,394
Poor Drainage$16,779
Volcanic Eruption$11,982
Market Price Difference - Spring vs Harvest$5,568
Erosion$1,484
1995-2022$12,403,011,536

* 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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