AGRIBUSINESS:Corn, Soybeans, Wheat Use Most Of U.S. Crop Insurance

Producers of the three largest crops in the United States are also the largest consumers of Federal crop insurance.

Corn, soybeans, and wheat crops were about 80 percent of all acres of the program in 1997. But that's changing, according to USDA's Economic Research Service. The three major crops lost about 12 percent of the share of enrolled acres to 68 percent in 2012 as new types of policies were offered and new crops added to the program.

Pasture, forage, and range land have been the bulk of recent gains, going from zero acres in 1997 to 48 million in 2012. Cotton and sorghum have 7 percent of total enrolled acres.



Filed in: Agribusiness, News


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