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The Risk Management Safety Net: Market Penetration and Potential
VI. Market Penetration of Other Field Crops
Market Penetration for Other Field Crops
Market penetration of ‘other field crops’ was 63 percent in 2015, down 7 percent from 2011 in spite of a 32 percent increase in insured acres from a little over 8.2 million acres covered in 2011, to over 10.8 million in 2015. The percentage decrease of other field crops resulted from an increase in NASS reported acres for the majority of the ‘other field crops. Federal crop insurance acreage increased significantly, but not to the extent that U.S. total acres increased.
One notable change was that canola planted acres in 2015, as reported by NASS, were at a record high of nearly 1.8 million acres. Compared to 2011, the total planted acreage was up 66 percent while Federal crop insured acres for canola in 2015 were up 17 percent.
Two other large acreage changes in 2015 compared to 2011 occurred in dry beans and dry peas. In 2015, NASS reported dry bean acreage was up 45 percent and dry pea acreage was up 61 percent from 2011. Insured acreage for dry beans increased 42 percent and dry peas increased 65 percent for that same period, attributed to a new Revenue Protection insurance program made available to dry bean and pea producers in 2013 and that has proven to be a popular risk management product.
The following table shows the level of market penetration for ‘other field crops’, excluding hay:
Federal Crop Insurance: 2015 Market Penetration of Other Field Crops
Crop |
2015 Insured Acres |
US Acres/
NASS* |
Market Penetration |
Other Field Crops |
ALFALFA SEED |
32,381 |
89,218 |
36% |
BUCKWHEAT |
11,960 |
33,678 |
36% |
CANOLA |
1,718,996 |
1,777,000 |
97% |
COFFEE |
4,019 |
6,900 |
58% |
CULTIVATED WILD RICE |
25,685 |
47,333 |
54% |
DRY BEANS |
1,382,006 |
1,764,700 |
78% |
DRY PEAS |
1,717,931 |
1,670,000 |
99% |
FLAX |
425,533 |
463,000 |
92% |
FORAGE PRODUCTION |
2,716,256 |
54,447,000 |
5% |
FORAGE SEEDING |
214,762 |
1,155,758 |
19% |
GRASS SEED |
31,209 |
268,149 |
12% |
HYBRID CORN SEED |
271,522 |
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HYBRID SORGHUM SEED |
35,977 |
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MILLET |
363,665 |
445,000 |
82% |
MINT |
19,821 |
96,129 |
21% |
MUSTARD |
22,991 |
44,000 |
52% |
OATS |
538,745 |
3,089,800 |
17% |
POPCORN |
217,727 |
218,461 |
99% |
RYE |
45,166 |
1,584,000 |
3% |
SAFFLOWER |
121,867 |
170,200 |
72% |
SESAME |
68,156 |
17,501 |
99% |
SILAGE SORGHUM |
63,132 |
306,000 |
21% |
SUGAR BEETS |
1,039,169 |
1,159,800 |
90% |
SUGARCANE |
760,348 |
887,300 |
86% |
SUNFLOWERS |
1,696,766 |
1,859,100 |
91% |
SWEET POTATOES |
6,738 |
156,900 |
4% |
Total Hay/Forage |
4,707,661 |
54,447,000 |
9% |
Total Other Field Crops w/ NASS Data in Crop Production Report (Excluding Hay) |
10,528,773 |
17,309,927 |
61% |
*NASS Number adjusted if RMA was greater. Notes: Market Penetration capped at 99% if insured acres greater than NASS estimate. Hay includes coverage under pasture/range/forage for hay and acreage under annual forage. |
Data as of March 23, 2017 |
Contact Information
For more information, contact RMA Public Affairs.
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