Crop Insurance: Federal Program Faces Insurability and Design Problems

RCED-93-98 Published: May 24, 1993. Publicly Released: Jun 03, 1993.

Highlights

Pursuant to a congressional request, GAO reviewed the Federal Crop Insurance Corporation's (FCIC) federal crop insurance program, focusing on: (1) the extent to which the program meets insurability standards; and (2) the effect of provisions designed to foster program participation on the program's actuarial soundness.

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Topics

Agriculture and Food

Agricultural productionAgricultural programsCrop insuranceDisaster relief aidFarm income stabilization programsGrain and grain productsInsurance cost controlInsurance lossesInsurance premiumsProgram managementDroughts