Risk Management Agency 2009 Crop Payments
The role of USDA's Risk Management Agency (RMA) is to help producers manage their business risks. As part of this mission, RMA operates and manages the Federal Crop Insurance Corporation (FCIC).
From fiscal years 2006 through 2009, the number of crop insurance policies decreased from 1.3 million to 1.1 million. Payments to crop insurance companies, however, more than doubled from $1.8 billion to $3.8 billion.
Of the 18 crop insurance plans available in 2009, the most popular were actual production history, crop revenue coverage and revenue assurance.
- Mid-February 2010