Risk Management Agency (1 - 10 of 52 items)
Crop Insurance: Reducing Subsidies for Highest Income Participants Could Save Federal Dollars with Minimal Effect on the Program
GAO-15-356: Published: Mar 18, 2015. Publicly Released: Mar 18, 2015.
About 1 percent of crop insurance participants would have been affected if premium subsidies had been reduced for the highest income participants from 2009 through 2013, based on GAO's analysis of data from the U.S. Department of Agriculture's (USDA) Risk Management Agency (RMA) and Farm Service Agency (FSA). The highest income participants were those with incomes that exceeded limits in place for...
Crop Insurance: In Areas with Higher Crop Production Risks, Costs Are Greater, and Premiums May Not Cover Expected Losses
GAO-15-215: Published: Feb 9, 2015. Publicly Released: Mar 11, 2015.
The federal government's crop insurance costs are substantially higher in areas with higher crop production risks (e.g., drought risk) than in other areas. In the higher risk areas, government costs per dollar of crop value for 2005 through 2013 were over two and a half times the costs in other areas. The figure below shows the costs during this period. However, the U.S. Department of Agriculture'...
Crop Insurance: Considerations in Reducing Federal Premium Subsidies
GAO-14-700: Published: Aug 8, 2014. Publicly Released: Sep 8, 2014.
The cost of the federal crop insurance program and farm sector income and wealth grew significantly from 2003 through 2012. The cost of crop insurance averaged $3.4 billion a year from fiscal years 2003 through 2007, but it increased to $8.4 billion a year for fiscal years 2008 through 2012. According to the U.S. Department of Agriculture's (USDA) Risk Management Agency (RMA), the agency that admi...
USDA Farm Programs: Farmers Have Been Eligible for Multiple Programs and Further Efforts Could Help Prevent Duplicative Payments
GAO-14-428: Published: Jul 8, 2014. Publicly Released: Jul 29, 2014.
From fiscal years 2008 through 2012, the U.S. Department of Agriculture (USDA) reported spending about $114 billion on 60 programs providing financial assistance to farmers, including about $28 billion in crop insurance subsidies. Those programs existed during the effective period of the Food, Conservation, and Energy Act of 2008 (2008 farm bill). Most were administered by the Farm Service Agency...
Farm Programs: USDA Needs to Do More to Prevent Improper Payments to Deceased Individuals
GAO-13-503: Published: Jun 28, 2013. Publicly Released: Jul 29, 2013.
Since 2007, the Department of Agriculture's (USDA) Farm Service Agency (FSA), which administers various programs for farmers that help support farm incomes and provide disaster assistance, has established procedures for preventing improper payments to deceased individuals, including, on a quarterly basis, matching payments to program participants with the Social Security Administration's (SSA) dat...
Crop Insurance: Savings Would Result from Program Changes and Greater Use of Data Mining
GAO-12-256: Published: Mar 13, 2012. Publicly Released: Apr 12, 2012.
If a limit of $40,000 had been applied to individual farmers crop insurance premium subsidies, as it is for other farm programs, the federal government would have saved up to $1 billion in crop insurance program costs in 2011, according to GAOs analysis of U.S. Department of Agriculture (USDA) data. GAO selected $40,000 as an example of a potential subsidy limit because it is the limit...
USDA's Application of Administrative PAYGO to Its Mandatory Spending Programs
GAO-11-921R: Published: Sep 29, 2011. Publicly Released: Oct 31, 2011.
In fiscal year 2010, about 80 percent of the U.S. Department of Agriculture's (USDA) total outlays of about $129 billion was used to fund mandatory spending programs--programs with at least some spending that is controlled through eligibility rules, benefit formulas, and other parameters that are set in law other than appropriations acts. At USDA, mandatory spending programs include the majority o...
U.S. Department of Agriculture: More Effective Management and Performance Can Help Implementation of the Farm Bill
GAO-11-779T: Published: Jun 23, 2011. Publicly Released: Jun 23, 2011.
The current fiscal environment, ongoing deliberations for the next Farm Bill, and the public's expectations for a high-performing and efficient government underscore the need for the U.S. Department of Agriculture (USDA) to focus on program results and customer needs, work across organizational lines to help minimize any overlap and duplication, and build its internal capacity. USDA comprises 15 a...
USDA Crop Disaster Programs: Lessons Learned Can Improve Implementation of New Crop Assistance Program
GAO-10-548: Published: Jun 4, 2010. Publicly Released: Jun 4, 2010.
The U.S. Department of Agriculture's (USDA) Farm Service Agency (FSA) provides programs to help farmers recover financially from natural disasters. Congress has historically supplemented these programs with ad hoc programs that pay farmers who experienced crop losses. The 2008 farm bill established a program through 2011 to pay farmers who lose crops. To receive these payments, farmers must purcha...
Crop Insurance: Continuing Efforts Are Needed to Improve Program Integrity and Ensure Program Costs Are Reasonable
GAO-07-944T: Published: Jun 7, 2007. Publicly Released: Jun 7, 2007.
The U.S. Dept. of Agriculture's (USDA) Risk Management Agency (RMA) administers the federal crop insurance program in partnership with private insurers. In 2006, the program cost $3.5 billion, including millions in losses from fraud, waste, and abuse, according to USDA. The Agricultural Risk Protection Act of 2000 granted RMA authority to renegotiate the terms of RMA's standard reinsurance agreeme...