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