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Questions and Answers
What is crop insurance?
What is crop insurance?
Crop insurance is insurance purchased by agricultural producers and subsidized by a country's government to protect against the loss of their crops due to natural disasters or declines in the prices of agricultural commodities.
How much does the federal government subsidize crop insurance premiums in the United States?
How much does the federal government subsidize crop insurance premiums in the United States?
The federal government subsidizes an average of 62 percent of the premium.
What percentage of U.S. crop acreage is insured under the federal crop insurance program?
What percentage of U.S. crop acreage is insured under the federal crop insurance program?
About 90% of U.S. crop acreage is insured under the federal crop insurance program.
Which four major crops typically account for more than 70% of total enrolled acres in the United States?
Which four major crops typically account for more than 70% of total enrolled acres in the United States?
Which agency administers the subsidized multi-peril federal insurance program in the United States?
Which agency administers the subsidized multi-peril federal insurance program in the United States?
Flashcards
Crop Insurance
Crop Insurance
Insurance purchased by farmers, with government support, protecting against crop loss from disasters or price drops.
U.S. Crop Insurance Subsidy
U.S. Crop Insurance Subsidy
The U.S. government covers roughly 62% of crop insurance costs.
U.S. Crop Acreage Insured
U.S. Crop Acreage Insured
Around 90% of U.S. farmland is protected by federal crop insurance.
Major Insured U.S. Crops
Major Insured U.S. Crops
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Risk Management Agency (RMA)
Risk Management Agency (RMA)
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