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Questions and Answers
What does crop insurance protect against?
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?
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?
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?
Which crops typically account for more than 70% of total enrolled acres in the U.S. crop insurance program?
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Who administers the subsidized multi-peril federal insurance program in the United States?
Who administers the subsidized multi-peril federal insurance program in the United States?
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