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Crop Insurance

The Federal Crop Insurance program is authorized by the Federal Crop Insurance Act and administered by the Department of Agriculture (USDA) and its Risk Management Agency. The USDA offers catastrophic (CAT) coverage to producers who grow an insurable crop. For a premium, farmers can buy additional coverage beyond the CAT level. Crops for which insurance is not available are protected under the Noninsured Assistance Program (NAP). Federal crop insurance is sold and serviced through private insurance companies. A portion of the premium, as well as the administrative and operating expenses of the private companies, is subsidized by the federal government. The Federal Crop Insurance Corporation reinsures the companies by absorbing some of the losses of the program when indemnities exceed total premiums.

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Showing 1-20 of 1093 results since 1994. View 1073 more results.

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