| Description |
1 online resource |
| Series |
Government procedures and operations |
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Government procedures and operations.
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| Contents |
FEDERAL CROP INSURANCE: FARM BILL PROVISIONS, TRENDS, AND PREMIUM REDUCTION CONSIDERATIONS; FEDERAL CROP INSURANCE: FARM BILL PROVISIONS, TRENDS, AND PREMIUM REDUCTION CONSIDERATIONS; Library of Congress Cataloging-in-Publication Data; Contents; Preface; Chapter 1: Federal Crop Insurance: Background; Summary; Crop Insurance History; Program Basics; Policy Availability; Regions without Coverage; Enhancing Existing Coverage; Actuarial Soundness; Types of Insurance; Yield-Based Insurance; Revenue-Based Insurance; Whole Farm Insurance; Crop Insurance Premium Subsidies |
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Geographic Distribution of Program Participation and IndemnitiesDistribution of Producer Subsidies; Federal Program Costs; Standard Reinsurance Agreement (SRA); Administrative and Operating (A & O) Reimbursement; Private Company Risk Sharing; Trends in A & O Reimbursement and Underwriting Gains; Crop Insurance in the 2014 Farm Bill; Concluding Comments; End Notes; Chapter 2: Crop Insurance Provisions in the 2014 Farm Bill (P.L. 113-79); Summary; Introduction; Crop Insurance Background1; Policy Rationale for Federal Crop Insurance; Authorizing Legislation |
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Insurable Commodities and Types of PoliciesProgram Structure and Federal Costs; Crop Insurance Provisions; in the 2014 Farm Bill; Stacked Income Protection Plan (STAX) for Upland Cotton; Supplemental Coverage Option (SCO); "Enterprise Units" and Yield Guarantees; Peanuts and Rice; Alfalfa and Industrial Crops; Provisions for Specialty Crop Producers; Whole Farm Insurance; Organic Prices for Insuring Crops; "NAP" Enhancement; Index-based Weather Insurance; Food Safety Insurance Study; Studies for Animal Agriculture Insurance; Conservation Provisions; Provisions for Beginning Farmers |
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"Budget Neutral" for the Next Standard Reinsurance AgreementPremium Subsidies; Estimated Cost of the Crop Insurance Title; Appendix. Crop Insurance Provisions in the Enacted 2014 Farm Bill; End Notes; Chapter 3: Crop Insurance: Considerations in Reducing Federal Premium Subsidies; Abbreviations; Why GAO Did This Study; What GAO Recommends; What GAO Found; Background; Federal Crop Insurance Costs; and Farm Sector Income and Wealth Grew Significantly from 2003; through 2012; Costs of Federal Corp Insurance Are Growing, Primarily Due to an Increase in Premium Subsidies for Revenue Policies |
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Farmers Are Increasingly Purchasing Revenue Policies and Choosing Higher Insurance Coverage LevelsFarm Income, Real Estate, and Asset Values Increased from 2003 through 2012; Reducing Federal Premium Subsidies for Revenue Policies Would Potentially Save Millions of Dollars with Limited Costs to Individual Farmers; A 5 Percentage Point Reduction in Federal Premium Subsidies for Revenue Policies Would Potentially Save Millions, and Larger Reductions Would Save More; Reducing Federal Premium Subsidies Would Increase Individual Farmers' Average Costs per Acre, but the Increase Would Be Limited |
| Summary |
The federal crop insurance program began in 1938 when Congress authorized the Federal Crop Insurance Corporation. The current program, which is administered by the U.S. Department of Agriculture's Risk Management Agency (RMA), provides producers with risk management tools to address crop yield and/or revenue losses for about 130 crops. The federal farm safety net also includes the farm commodity support programs, which provide price and income support for a much narrower list of ""covered and loan commodities"" such as corn, wheat, rice, and peanuts. In purchasing a crop insurance policy, a pr |
| Subject |
Federal Crop Insurance Corporation.
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| SUBJECT |
Federal Crop Insurance Corporation fast |
| Subject |
Crop insurance -- United States
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BUSINESS & ECONOMICS -- Insurance -- Risk Assessment & Management.
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Crop insurance
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United States
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| Form |
Electronic book
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| Author |
Bonner, Tristan E., editor
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| ISBN |
9781634637053 |
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1634637054 |
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