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Crop Insurance: Actions Needed to Reduce Programís Vulnerability to Fraud, Waste, and Abuse
Fed. crop insurance protects producers against los

 
Our Price: $25.00
By Robert A. Robinson (au)
Year: 2005
Pages: 91
Binding Paperback

Product Code: 1422304558

Description
 
Fed. crop insurance protects producers against losses from natural disasters. In 2004, the crop insurance program provided $47 billion in coverage, at a cost of $3.6 billion, including an est. $160 million in losses from fraud & abuse. The U.S. Dept. of Agricultureís (USDA) Risk Management Agency administers this program with private insurers. The Agricultural Risk Protection Act of 2000 provided new tools to monitor & control abuses, such as having USDAís Farm Service Agency conduct field inspections. This report assessed, among other things, the: (1) effectiveness of USDAís processes to address program fraud & abuse & (2) extent to which the programís design makes it vulnerable to abuse. Includes recommendations. Illustrations.

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