TAILIEUCHUNG - INSURANCE, CREDIT, AND COOPERATIVES

Some southern producers also feel that premiums for buy-up coverage or revenue products are not affordable, leaving catastrophic policies (with minimal coverage) as the only viable option for many farmers. More broadly, some farm groups have requested that current subsidies be maintained or increased so premiums would be more affordable. 28 Corn producers want their premiums reduced because the loss ratio has been well below (indemnities paid divided by premiums). RMA is reviewing the use of historical loss data, specifically whether all historical loss should be given the same weight in determining premium rates given current crop production technology | CHAPTER X INSURANCE CREDIT AND COOPERATIVES The statistics in this chapter deal with taxes insurance agricultural credit and farm cooperatives. Some of the series were developed in connection with research activities of the Department while others such as data from agricultural credit agencies are primarily records of operations. Table 10-1. Crop losses Average percentage of indemnities attributed to specific hazards by crops 1948-2000 Crop Year Drought heat excess Hail Precip. excess poor drainage Frost freeze other cold damage Flood Cyclone tornado wind hot wind Insects Disease All others Adjusted gross revenue 2001-2001 Percent 1 Percent 15 Percent 2 Percent 0 Percent 0 Percent 0 Percent 0 Percent 0 Per- cent 83 All other citrus tree 2000-2001 0 0 0 23 0 0 0 0 77 All other grapefruit 2001-2001 0 0 0 0 0 100 0 0 0 Almonds 1981-2002 1 4 60 29 0 6 0 0 0 Apples 1963-2002 6 26 4 52 0 4 0 0 8 Avocado trees 1996-2001 0 0 82 0 0 18 0 0 0 Avocados 1998-2001 3 0 13 20 0 33 20 0 10 Barley 1956-2002 40 16 29 4 1 2 2 3 3 Blueberries 1995-2002 21 12 0 60 1 1 0 0 5 Burley tobacco 1997-2002 23 8 34 4 7 2 0 21 1 Cabbage 1999-2002 4 1 9 3 1 20 60 1 1 Canning peaches 1986-1987 4 0 92 0 0 0 0 0 4 Canola 1995-2002 15 11 52 16 0 2 3 2 0 Carambola trees 2001-2001 0 0 100 0 0 0 0 0 0 Cherries 1963-2002 0 11 34 47 0 7 0 0 0 Chile peppers 2000-2001 2 27 5 21 0 11 17 1 16 Cigar binder tobacco . 1997-2002 6 5 37 0 0 1 0 52 0 Cigar filler tobacco 1998-1999 84 0 0 0 0 0 2 14 0 Cigar wrapper tobacco 1997-2001 0 0 64 0 0 0 0 36 0 Citrus 1952-1997 8 2 0 88 0 2 0 0 0 Citrus I 1998-2002 0 1 0 82 0 17 0 0 0 Citrus II 2000-2001 0 0 0 100 0 0 0 0 0 Citrus III 2001-2001 0 0 0 100 0 0 0 0 0 Citrus IV 1998-2002 0 24 0 64 0 12 0 0 0 Citrus V 1999-2002 0 7 0 75 0 18 0 0 0 Citrus VII 1998-2002 0 51 0 35 0 14 0 0 0 Citrus tree 1984-1997 0 0 0 100 0 0 0 0 0 Clams 2001-2002 0 0 0 1 0 4 0 0 95 Combined crop 1981-1987 0 0 0 0 0 0 0 0 100 Corn 1948-2002 25 12 12 11 10 12 2 5 10 Cotton 1948-2002 25 11 13 13 6 19

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