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Estimating Crop Losses Due to Hail

Author

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  • Boone, Larry M.

Abstract

Crops lost annually by hail damage have an estimated value of $403 million a year (at 1968 prices), or about 2 percent of the nation's total annual crop value. The same annual crop damage valued at 1973 prices would be $685 million. Over four-fifths of this damage is in wheat, corn, soybeans, cotton, tobacco, and grain sorghum. The procedure developed for these estimates of crop damage due to hail used harvested crop values and crop-hail insurance loss payments per $100 of insured liability. Several downward biases in the estimates caused by data configurations are identified but not quantified.

Suggested Citation

  • Boone, Larry M., 1974. "Estimating Crop Losses Due to Hail," Agricultural Economic Reports 307513, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerser:307513
    DOI: 10.22004/ag.econ.307513
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    Cited by:

    1. Sonka, Steven T. & Potter, Craig W., 1977. "Evaluation Of Potential Farmers Benefits From Hail Suppression," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 1(1), pages 1-5, June.

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