Crop Insurance: Program Has Not Fostered Significant Risk Sharing by Insurance Companies

Pursuant to a congressional request, GAO reviewed the Federal Crop Insurance Reinsurance Program, focusing on: (1) major problems that have affected the program since 1980; (2) the federal government's success in shifting its potential liability for agricultural production losses to reinsured companies; and (3) the Federal Crop Insurance Corporation's (FCIC) actions to comply with the 1990 farm bill directive to shift more risk to the private sector.