Focus on Farmers and Crop Insurance

corn-field

 

This report serves as a background of our nation's disaster assistance program. Initially, the crop insurance program only covered production or yield losses, however in 1997, this changed when for the first time, wheat farmers were given the opportunity to protect against revenue losses. This new revenue insurance has expanded to other crops over the years and as of 2008, accounted for 74 percent of the total program liability. With instances such as these, the current crop insurance program proves to be both efficient and effective.

 pdfCrop Insurance: A Standing Farm Price Disaster Program228.77 KB