New Mexico Crop Insurance
USDA RMA Summary of Business — 2026
$663,680,434 in total liability covered across 9,084 policies in 2026
Summary indicators
All figures are AGGREGATED (Atlas Commons sums of USDA RMA per-crop-per-plan-per-county published figures). Loss ratio = indemnity / total premium × 100 (AGGREGATED). Source: USDA RMA Summary of Business.
| Metric | Value | Warrant |
|---|---|---|
| Policies sold | 9,084 | AGGREGATED |
| Policies indemnified | 2,080 | AGGREGATED |
| Total liability covered | $663,680,434 | AGGREGATED |
| Total premium | $146,467,249 | AGGREGATED |
| Government subsidy | $78,609,114 | AGGREGATED |
| Indemnities paid | $78,635,541 | AGGREGATED |
| Loss ratio | 53.7% | AGGREGATED |
| Commodities insured | 19 | AGGREGATED |
| Counties with coverage | 32 | AGGREGATED |
Top 19 crops by liability
AGGREGATED: Atlas Commons sums of USDA RMA SoB figures per commodity. Sorted by total liability descending.
| Commodity | Liability | Policies sold | Loss ratio |
|---|---|---|---|
| Pasture,Rangeland,Forage (0088) | $401,757,969 | 2,097 | 41.8% |
| Pecans (0020) | $138,778,879 | 282 | 0.0% |
| Annual Forage (0332) | $79,805,343 | 871 | 121.3% |
| All Other Crops (9999) | $27,416,867 | 175 | 39.4% |
| Wheat (0011) | $5,326,327 | 901 | 83.5% |
| Cotton Ex Long Staple (0022) | $3,819,245 | 63 | 0.0% |
| Corn (0041) | $3,484,071 | 936 | 0.0% |
| Cotton (0021) | $2,047,402 | 1,003 | 0.0% |
| Peanuts (0075) | $428,503 | 424 | 0.0% |
| Grain Sorghum (0051) | $365,836 | 1,111 | 0.0% |
| Potatoes (0084) | $241,920 | 75 | 0.0% |
| Pistachios (0470) | $185,554 | 5 | 0.0% |
| Triticale (0158) | $21,573 | 172 | 0.0% |
| Barley (0091) | $945 | 278 | 134.8% |
| Dry Beans (0047) | $0 | 147 | — |
| Hemp (1218) | $0 | 7 | — |
| Processing Beans (0046) | $0 | 56 | — |
| Silage Sorghum (0059) | $0 | 424 | — |
| Hybrid Sorghum Seed (0050) | $0 | 57 | — |
Frequently asked questions
- How much crop insurance is there in New Mexico?
- In 2026, New Mexico had 9,084 crop insurance policies sold covering $663,680,434 in total liability. Total premium collected was $146,467,249, including $78,609,114 in government subsidy. Source: USDA RMA Summary of Business (Atlas Commons aggregation).
- What crop has the most crop insurance in New Mexico?
- By total liability covered, Pasture,Rangeland,Forage (USDA commodity code 0088) is the largest crop insurance commodity in New Mexico for 2026 with $401,757,969 in liability across 2,097 policies and a loss ratio of 41.8%. Source: USDA RMA Summary of Business (Atlas Commons aggregation).
- What was the New Mexico crop insurance loss ratio in 2026?
- Atlas Commons computes New Mexico's crop insurance loss ratio for 2026 as 53.7% (total indemnities paid / total premium × 100). A ratio above 100% means more was paid in claims than collected in premiums. This is an Atlas Commons computation — USDA RMA does not publish a per-state summary loss ratio.
What this is — and isn't
All policy counts and dollar amounts are AGGREGATED — Atlas Commons sums of the USDA RMA Summary of Business per-crop-per-plan-per-county published figures. The loss ratio and commodity ranking are Atlas Commons computations; USDA RMA does not publish per-state summary loss ratios or commodity rankings.
This page is informational only. It describes the scope of federally subsidized crop insurance in New Mexico — it is not actuarial analysis, a prediction of future indemnities, or advice on which crops to insure. For crop-specific actuarial data and program participation, use the USDA RMA Cost Estimator and Actuarial Data Master files .
Source: USDA Risk Management Agency Summary of Business (state × county × crop × plan grain). CC0.
Structured facts: /coverage/crop/states/nm.jsonld