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Abstract
The tenfold volume increase in crop-hail insurance between 1940 and 1967 was related to general rises in output and production costs. Crop-hail insurance showed signs of leveling off in 1967-69 probably because of restricted acreages or lower prices, particularly for wheat, cotton, and tobacco. In 1969 insurance totaled $3. 5 billion; premiums, $127 million; and indemnities, $80 million.