Growing Season Crop Losses Since 1978 On the Same Illinois and Kansas Farms07/14/2016
The potential for loss over the growing season is a key risk for crop farmers, and is the primary risk covered by U.S. crop insurance. Growing season loss is commonly examined across farms in a single year. This article takes a different approach. It examines growing season loss for the same farm over 35 years. Specifically, each farm in this study has reported complete data including yield for the same crop in all or all but one year from 1973 through 2012 to farm management programs in Illinois and Kansas. Both the magnitude and composition of growing season losses differ between the two states. In particular, the share of losses that occur in years when loss exceeds 30% is much higher for the Kansas crops. This difference has important policy implications.