Federal Crop Insurance Program

E511879

The Federal Crop Insurance Program is a U.S. government initiative that provides subsidized insurance to help farmers manage financial risks from crop losses due to natural disasters and market fluctuations.

All labels observed (4)

How this entity was disambiguated

Statements (57)

Predicate Object
instanceOf United States federal program
agricultural insurance program
abbreviation FCIP
administeredBy Risk Management Agency
benefit encourages adoption of improved risk management practices
supports agricultural credit access
country United States
covers crop revenue losses
crop yield losses
losses due to adverse weather
losses due to disease
losses due to drought
losses due to excessive moisture
losses due to flood
losses due to freeze
losses due to frost
losses due to hail
losses due to insect infestation
losses due to natural disasters
price declines for certain crops
expandedBy Agricultural Risk Protection Act of 2000
Federal Agriculture Improvement and Reform Act of 1996
fundingSource federal government
implementedThrough private insurance companies
legalBasis Federal Crop Insurance Act
modifiedBy 2002 Farm Bill
2008 Farm Bill
2014 Farm Bill
2018 Farm Bill
monitoredBy Government Accountability Office
Office of Inspector General (USDA)
oversightBy United States Congress
parentAgency United States Department of Agriculture
provides area-based insurance policies
revenue protection policies
subsidized crop insurance
whole-farm revenue protection
yield protection policies
purpose protect farmers against crop revenue losses
protect farmers against crop yield losses
provide risk management tools to agricultural producers
reduce the need for ad hoc disaster assistance
stabilize farm income
regulates approved insurance providers
relatedConcept adverse selection in insurance
moral hazard in insurance
relatedProgram Noninsured Crop Disaster Assistance Program
riskType price risk
production risk
revenue risk
sector agriculture
subsidizes insurance premiums
subsidyType administrative and operating expense subsidy
premium subsidy
targetGroup agricultural producers
farmers
ranchers

How these facts were elicited

Referenced by (5)

Full triples — surface form annotated when it differs from this entity's canonical label.

Risk Management Agency program Federal Crop Insurance Program
subject linked to: RMA
Food, Conservation, and Energy Act of 2008 hasTitle Title XII – Crop Insurance and Disaster Assistance Programs
linked to: Federal Crop Insurance Program
Noninsured Crop Disaster Assistance Program complements Federal Crop Insurance Program
Public Law 110-246 title Title XII—Crop Insurance and Disaster Assistance Programs
linked to: Federal Crop Insurance Program
New Deal agricultural programs hasPart Federal Crop Insurance Corporation
linked to: Federal Crop Insurance Program