Panama disease the Cavendish was then thought to be immune, but was immune only to the strain of the fungus that destroyed the Gros Michel. The version that annihilated the Gros Michel was found in only the Western Hemisphere, but the version found in Malaysian soil was different, and the Cavendish is susceptible to it. It killed and spread faster, inspiring more panic than its earlier counterpart in Panama. The newly discovered strain of "F. oxysporum" was named "tropical race 4 (TR4)". The resulting worldwide collapse in the banana trade is said to have inspired the song "Yes! We Have No Bananas".
Crop insurance Crop insurance Crop insurance is purchased by agricultural producers, and subsidized by the federal government, to protect against either the loss of their crops due to natural disasters, such as hail, drought, and floods, or the loss of revenue due to declines in the prices of agricultural commodities. The two general categories of crop insurance are called crop-yield insurance and crop-revenue insurance. On average, the federal government subsidizes 62 percent of the premium. In 2014, crop insurance policies covered 294 million acres. Major crops are insurable in most counties where they are grown, and approximately 83% of U.S. crop acreage