Crop Insurance in the United States Quiz
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Questions and Answers

What does crop insurance protect against?

  • Loss of crops due to pests and diseases
  • Loss of crops due to natural disasters (correct)
  • Loss of crops due to irrigation issues
  • Loss of crops due to market demand
  • What percentage of the premium is subsidized by the U.S. government for crop insurance?

  • 40%
  • 62% (correct)
  • 75%
  • 50%
  • In 2019, approximately how many acres were covered by crop insurance policies in the United States?

  • 500 million acres
  • 100 million acres
  • 200 million acres
  • 380 million acres (correct)
  • Which crops typically account for more than 70% of total enrolled acres in the U.S. crop insurance program?

    <p>Corn, cotton, soybeans, and wheat</p> Signup and view all the answers

    Who administers the subsidized multi-peril federal insurance program in the United States?

    <p>Risk Management Agency</p> Signup and view all the answers

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