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U.S. Crop Insurance

Starting in the 1930s, the United States has had crop insurance for its main row crops: corn, wheat, barley, oats, soybeans, rice, cotton, peanuts, potatoes, etc. This insurance presently covers 133 row crops, spanning 284 million acres across the country.

In 1996, the congress enacted a similar insurance program for specialty crops (fruits, vegetables, nuts, spices, and ornamentals). This USDA-managed program presently covers 75 specialty crops in 23 states. In 2022, insurance coverage exceeded $23 billion.

Source: Risk Management Agency - USDA


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