In 2020, the value of crop insurance premiums for corn in the United States amounted to 3.51 billion U.S. dollars, which made it the crop with the highest total volume of insurance premiums. Soybeans and wheat followed after corn, with two billion and 895 million U.S. dollars respectively. Corn has been consistently the most valuable crop grown in the U.S., and the country is the global leader in corn production, thus corn production is important for the domestic economy.
Value of crop insurance premiums in the United States in 2020, by crop
(in million U.S. dollars)
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NCIS. (July 1, 2021). Value of crop insurance premiums in the United States in 2020, by crop (in million U.S. dollars) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/723049/value-of-crop-insurance-premiums-usa-by-crop/
NCIS. "Value of crop insurance premiums in the United States in 2020, by crop (in million U.S. dollars)." Chart. July 1, 2021. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/723049/value-of-crop-insurance-premiums-usa-by-crop/
NCIS. (2021). Value of crop insurance premiums in the United States in 2020, by crop (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/723049/value-of-crop-insurance-premiums-usa-by-crop/
NCIS. "Value of Crop Insurance Premiums in The United States in 2020, by Crop (in Million U.S. Dollars)." Statista, Statista Inc., 1 Jul 2021, https://www.statista.com/statistics/723049/value-of-crop-insurance-premiums-usa-by-crop/
NCIS, Value of crop insurance premiums in the United States in 2020, by crop (in million U.S. dollars) Statista, https://www.statista.com/statistics/723049/value-of-crop-insurance-premiums-usa-by-crop/ (last visited November 23, 2024)
Value of crop insurance premiums in the United States in 2020, by crop (in million U.S. dollars) [Graph], NCIS, July 1, 2021. [Online]. Available: https://www.statista.com/statistics/723049/value-of-crop-insurance-premiums-usa-by-crop/