Crop Insurance Indemnities for 2016 at Low Levels

Posted on 05/19/2017 11:53 AM
Crop insurance indemnities for the 2016 crop year totaled only $3.653 billion, substantially under the $6.306 billion level for 2015 crops and at a loss ratio of 0.39 compared to 0.65 for 2015, according to Risk Management Agency (RMA) data. No major program crop registered indemnities of $1 billion or more for 2016 crops, a marked sh...