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The New All Risk Crop Insurance Program The Farmers Silent Partner
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Book Synopsis The New All-risk Crop Insurance Program--the Farmer's Silent Partner by :
Download or read book The New All-risk Crop Insurance Program--the Farmer's Silent Partner written by and published by . This book was released on 1980 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis All Risk Crop Insurance by : James L. Buckler
Download or read book All Risk Crop Insurance written by James L. Buckler and published by . This book was released on 1950 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis You Need All-Risk Crop Insurance Now Because ... by : Federal Crop Insurance Corporation
Download or read book You Need All-Risk Crop Insurance Now Because ... written by Federal Crop Insurance Corporation and published by . This book was released on 1977 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry. Subcommittee on Agricultural Production, Marketing, and Stabilization of Prices Publisher : ISBN 13 : Total Pages :110 pages Book Rating :4.:/5 (319 download)
Book Synopsis Federal crop insurance and disaster assistance programs by : United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry. Subcommittee on Agricultural Production, Marketing, and Stabilization of Prices
Download or read book Federal crop insurance and disaster assistance programs written by United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry. Subcommittee on Agricultural Production, Marketing, and Stabilization of Prices and published by . This book was released on 1978 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Crop Insurance written by Lisa Shames and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The USDA's Risk Management Agency administers the federal crop insurance program in partnership with private insurers. In 2006, the program cost $3.5 billion, including millions in losses from fraud, waste, and abuse, according to USDA. The Agricultural Risk Protection Act of 2000 granted RMA authority to renegotiate the terms of RMA's standard reinsurance agreement with companies once over 5 years. This testimony is based on GAO's 2005 report, Crop Insurance: Actions Needed to Reduce Program's Vulnerability to Fraud, Waste, and Abuse, as well as new analyses this Committee requested on underwriting gains and administrative and operating expenses USDA paid companies. GAO discusses (1) USDA's processes to address fraud, waste, and abuse; (2) extent the program's design makes it vulnerable to abuse; and (3) reasonableness of underwriting gains and other expenses. USDA agreed with most of GAO's 2005 recommendations to improve program integrity. RMA agreed that GAO's new analyses were technically accurate. Congress has an opportunity in the Farm Bill reauthorization to grant RMA authority to periodically renegotiate the financial terms of its agreement with companies to provide reasonable cost allowances and underwriting gains. GAO reported that RMA did not use all available tools to reduce the crop insurance program's vulnerability to fraud, waste, and abuse. RMA has since taken some steps to improve its procedures. In particular: (1) USDA's Farm Service Agency inspections during the growing season were not being used to maximum effect. Between 2001 and 2004, FSA conducted only 64 percent of the inspections RMA requested. Without inspections, farmers may falsely claim crop losses. However, FSA said it could not conduct all requested inspections, as GAO recommended, because of insufficient resources. RMA now provides information more frequently so FSA can conduct timelier inspections. (2) RMA's data analysis of the largest farming operations was incomplete. In 2003, about 21,000 of the largest farming operations did not report all of the individuals or entities with an ownership interest in these operations, as required. Therefore, RMA was unaware of ownership interests that could help it prevent potential program abuse. FSA and RMA now share information to identify such individuals or entities. USDA should be able to recover up to $74 million in improper payments made during 2003. (3) RMA was not effectively overseeing insurance companies' efforts to control program abuse. According to GAO's review of 120 cases, companies did not complete all the required quality assurance reviews of claims, and those that were conducted were largely paper exercises. RMA agreed to improve oversight of their reviews, but GAO has not followed up to examine its implementation. RMA's regulations to implement the crop insurance program, as well as some statutory requirements, create design problems that hinder its efforts to reduce abuse. For example, the regulations allow farmers to insure fields individually rather than together. As such, farmers can "switch" reporting of yield among fields to make false claims or build up a higher yield history on a field to increase its eligibility for higher insurance guarantees. RMA did not agree with GAO's recommendation to address the problems associated with insuring individual fields. Statutorily high premium subsidies may also limit RMA's ability to control program abuse: the subsidies shield farmers from the full effect of paying higher premiums associated with frequent claims. From 2002 through 2006, USDA paid the insurance companies underwriting gains of $2.8 billion, which represents an average annual rate of return of 17.8 percent. In contrast, according to insurance industry statistics, the benchmark rate of return for companies selling property and casualty insurance was 6.4 percent. USDA renegotiated the financial terms of its standard reinsurance agreement with the companies in 2005, but their rate of return was 30.1 percent in 2005, and 24.3 percent in 2006. It also paid the companies a cost allowance of $4 billion to cover administrative and operating costs for 2002 through 2006. USDA recommended that Congress provide RMA with authority to renegotiate the financial terms and conditions of its standard reinsurance agreement once every 3 years.
Book Synopsis Crop Insurance for Agricultural Development by : P. B. R. Hazell
Download or read book Crop Insurance for Agricultural Development written by P. B. R. Hazell and published by IICA Biblioteca Venezuela. This book was released on 1986 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compilation, conference papers, research reports on crop insurance for agricultural development in developed countries and developing countries - considers farmers' and banks' demand as well as state aid for agricultural insurance; discusses practical experiences in Brazil, Japan and the USA. Bibliography, graphs, statistical tables.
Download or read book Crop Insurance written by and published by . This book was released on 2007 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Crop Insurance Extension by : United States. Congress. House. Committee on Agriculture
Download or read book Crop Insurance Extension written by United States. Congress. House. Committee on Agriculture and published by . This book was released on 1953 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Monthly Catalog of United States Government Publications by : United States. Superintendent of Documents
Download or read book Monthly Catalog of United States Government Publications written by United States. Superintendent of Documents and published by . This book was released on 1982 with total page 1546 pages. Available in PDF, EPUB and Kindle. Book excerpt: February issue includes Appendix entitled Directory of United States Government periodicals and subscription publications; September issue includes List of depository libraries; June and December issues include semiannual index
Download or read book CIS Annual written by and published by . This book was released on 1983 with total page 1046 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Appropriations. Subcommittee on Agriculture, Rural Development, and Related Agencies Publisher : ISBN 13 : Total Pages :780 pages Book Rating :4.:/5 ( download)
Book Synopsis Agriculture, Rural Development, and Related Agencies Appropriations for 1983: Office of the secretary by : United States. Congress. House. Committee on Appropriations. Subcommittee on Agriculture, Rural Development, and Related Agencies
Download or read book Agriculture, Rural Development, and Related Agencies Appropriations for 1983: Office of the secretary written by United States. Congress. House. Committee on Appropriations. Subcommittee on Agriculture, Rural Development, and Related Agencies and published by . This book was released on 1982 with total page 780 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis All Risk Crop Insurance by : Gayle S. Willett
Download or read book All Risk Crop Insurance written by Gayle S. Willett and published by . This book was released on 1983 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Guide to Information from Government Sources by : Van Mayros
Download or read book Guide to Information from Government Sources written by Van Mayros and published by Chilton Book Company. This book was released on 1983 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Appropriations. Subcommittee on Agriculture, Rural Development, and Related Agencies Publisher : ISBN 13 : Total Pages :1712 pages Book Rating :4.:/5 (42 download)
Book Synopsis Agriculture, Rural Development, and Related Agencies Appropriations for 1983 by : United States. Congress. House. Committee on Appropriations. Subcommittee on Agriculture, Rural Development, and Related Agencies
Download or read book Agriculture, Rural Development, and Related Agencies Appropriations for 1983 written by United States. Congress. House. Committee on Appropriations. Subcommittee on Agriculture, Rural Development, and Related Agencies and published by . This book was released on 1982 with total page 1712 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Monthly Catalogue, United States Public Documents by :
Download or read book Monthly Catalogue, United States Public Documents written by and published by . This book was released on 1982 with total page 984 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book CIS Four-year Cumulative Index written by and published by . This book was released on 1979 with total page 1256 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Agriculture. Subcommittee on Risk Management and Specialty Crops Publisher : ISBN 13 : Total Pages :152 pages Book Rating :4.:/5 (319 download)
Book Synopsis Federal Crop Insurance Reform Act of 1994 by : United States. Congress. House. Committee on Agriculture. Subcommittee on Risk Management and Specialty Crops
Download or read book Federal Crop Insurance Reform Act of 1994 written by United States. Congress. House. Committee on Agriculture. Subcommittee on Risk Management and Specialty Crops and published by . This book was released on 1995 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: