Crop Insurance
The United States
Crop Insurance premium subsidies by cause of loss for Peanuts, 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 Peanuts, 1995-2022 | |||
|---|---|---|---|
| Cause of Loss | Premium subsidies 1995-2022 | ||
| Drought | $101,416,561 | ||
| Excess Moisture/Precipitation/Rain | $53,544,673 | ||
| Heat | $27,600,753 | ||
| Hurricane/Tropical Depression | $9,067,152 | ||
| Hot Wind | $8,429,075 | ||
| Wind/Excess Wind | $5,648,348 | ||
| Plant Disease | $5,179,513 | ||
| Wildlife | $3,332,577 | ||
| GRP/GRIP/ARPI/SCO/ECO/STAX/MP/HIPWI Crops Only* | $3,287,444 | ||
| Freeze | $2,511,593 | ||
| Cold Wet Weather | $2,248,840 | ||
| Hail | $1,512,417 | ||
| Failure of Irrigation Supply/Equipment | $707,757 | ||
| Mycotoxin | $504,197 | ||
| Decline in Price | $493,008 | ||
| Other (Snow, Lightning, Etc.) | $316,639 | ||
| Frost | $248,042 | ||
| All Other Causes | $159,922 | ||
| Flood | $131,555 | ||
| Insects | $122,075 | ||
| Cold Winter | $25,332 | ||
| Fire | $19,618 | ||
| Cyclone | $9,784 | ||
| Poor Drainage | $3,396 | ||
| Earthquake | $3,099 | ||
| Volcanic Eruption | $1,473 | ||
| Inability to Prepare Land for Irrigation | $155 | ||
| 1995-2022 | $226,524,998 | ||
* 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.
Federal crop insurance reform vital for incentivizing climate adaptation on farms
Farm Subsidies Ballooned Under Trump
Is Federal Crop Insurance Policy Leading to Another Dust Bowl?
Double Dipping:
The "Farm Crisis" Myth
Crying Wolf