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Diane Publishing Books
Crop Insurance: Opportunities Exist to Reduce Government Costs for Private-Sector Delivery
. Federal crop insurance protects farmers against the financial losses caused by events such as droughts, floods, hurricanes, & other natural disasters. In 1995, crop insurance premiums were about $1.5 billion. Federal crop insurance offers farmers two primary types of insurance coverage -- catastrophic insurance, & buyup insurance. These programs are conducted primarily through private insurance companies. This report is an evaluation of the financial arrangements between the Federal Crop Insurance Corp. (FCIC) & participating insurance companies for delivering the crop insurance program to qualified producers.
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