Federal Crop Insurance Act
E511882
The Federal Crop Insurance Act is a U.S. law that establishes and governs the federal crop insurance program to help farmers manage agricultural production and price risks.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Federal Crop Insurance Act canonical | 1 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
agricultural law ⓘ |
| administeredBy |
Risk Management Agency
NERFINISHED
ⓘ
United States Department of Agriculture ⓘ |
| appliesTo |
agricultural producers
ⓘ
farmers ⓘ |
| authorizes |
reinsurance for private crop insurers
ⓘ
subsidies for crop insurance premiums ⓘ |
| beneficiary | producers of insurable crops ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| covers |
crop revenue losses
ⓘ
crop yield losses ⓘ losses due to adverse weather ⓘ losses due to natural causes ⓘ losses due to price fluctuations ⓘ |
| enactedBy | United States Congress ⓘ |
| establishes |
federal crop insurance policies
ⓘ
premium subsidy structure ⓘ risk-sharing arrangements with private insurers ⓘ |
| field |
agricultural economics
ⓘ
risk management policy ⓘ |
| implementedBy | approved private insurance companies ⓘ |
| implementedThrough | public-private partnership ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| language | English ⓘ |
| legalForm | public law ⓘ |
| objective |
to encourage wider participation in crop insurance
ⓘ
to improve farm income stability ⓘ |
| policyInstrument |
catastrophic coverage
ⓘ
federal multiple-peril crop insurance ⓘ revenue protection insurance ⓘ |
| purpose |
to establish a federal crop insurance program
ⓘ
to help farmers manage agricultural production risks ⓘ to help farmers manage price risks ⓘ to reduce the need for ad hoc disaster assistance ⓘ |
| regulates | federal crop insurance program ⓘ |
| relatedTo |
United States farm bill
NERFINISHED
ⓘ
agricultural risk management ⓘ disaster assistance programs ⓘ |
| requires |
actuarially sound premium rates
ⓘ
standardized crop insurance policy terms ⓘ |
| riskType |
price risk
ⓘ
production risk ⓘ yield risk ⓘ |
| sector | agriculture ⓘ |
| shortName | FCIA NERFINISHED ⓘ |
| targetGroup |
commercial farmers
ⓘ
family farmers ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.