New data from USDA’s Economic Research Service shows California farmers purchase the most Federal Crop Insurance policies for Specialty Crops.
California led the country in policies for specialty crops in 2020, followed by Florida, Washington, North Dakota, and Minnesota. The states also produce the most fruits and vegetables, California, Florida, and Washington, and specialty field crops, from North Dakota and Minnesota.
Specialty crops are a commodity group which includes fresh or dried fruits; tree nuts; vegetables; pulse crops such as dry beans, peas, and lentils; and horticulture nursery crops. California’s policies reflect the variety of specialty crops produced in the state, including almonds, grapes, oranges, walnuts, and raisins.
Most North Dakota policies cover field crops—dry beans and dry peas. In 2020, specialty crops accounted for 25 percent of the value of U.S. crop production. Crop Insurance policies can mitigate risks by providing payments if insured crops experience losses caused by naturally occurring events and market conditions.
Comments