DOI: 10.31220/agriRxiv.2023.00209

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  Abstract: Agricultural crop insurance is an important component for mitigating farm risk, particularly 1 given the potential for unexpected climatic events. Using a 2.8 million nationwide insurance claim 2 dataset from the United States Department of Agriculture (USDA), this research study examines 3 spatiotemporal variations of over 31,000 agricultural insurance loss claims across the 24-county region 4 of the inland Pacific Northwest (iPNW) portion of the United States, from 2001 to 2022. Wheat is the 5 dominant insurance loss crop for the region, accounting for over 2.8 billion dollars in indemnities, 6 with over 1.5 billion dollars resulting in claims due to drought. While fruit production generates 7 considerably lesser insurance losses (400 million dollars) as a primary result of freeze, frost and 8 hail, overall revenue ranks number one for the region, with over 2 billion dollars in sales. Principal 9 components analysis of crop insurance claims showed distinct spatial and temporal differentiation in 10 wheat and apples insurance losses using the range of damage causes as factor loadings. The first two 11 factor loadings for wheat account for approximately 50 percent of total variance for the region, with 12 apples having 60 percent variance.

  Key words: dollars; insurance; loss; claims; region; billio

  Submit time: 24 October 2023

  Copyright: The copyright holder for this preprint is the author/funder, who has granted agriXiv a license to display the preprint in perpetuity.
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• Erich,Seamon, Paul E.,Gessler, John T.,Abatzoglou, Philip W.,Mote, Stephen S.,Le. Climatic damage cause variations of agricultural insurance loss for the Pacific Northwest region of the United States.. 2023. doi: 10.31220/agriRxiv.2023.00209

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