Facts and Figures

• Weekly Indemnity Payments to Farmers for Cropyear 2008

• Cumulative Indemnity Payments to Farmers for Cropyear 2008

• In 2008, 272 million acres of farmland were protected through the Federal crop insurance program.

• There are 16 private sector insurance companies that currently sell and service policies through the Federal crop insurance program. Altogether, these companies issued more than 1.1 million policies in 2008.

• AAccording to Dr. Bert Little, Tarleton State University, the rate of fraud in the Federal crop insurance program is estimated to be less than one-half of one percent. By insurance industry standards, this is an extremely low rate of fraud.

• More than 80 percent of insurable farmland in the United States is now protected through the Federal crop insurance program. In 1985, that number stood at less than 18 percent.