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FCIP participation

by Francis Tsiboe and Dylan Turner
5/20/2024

Line graph spanning 1981 to 2022 showing; aggregate coverage level, liability as a share of U.S. value of crop production, and share of U.S. selected crops acreage insured.

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Since its inception in the 1930s, the Federal Crop Insurance Program evolved into a key Federal support program for agriculture in the United States. The USDA, Risk Management Agency (RMA) oversees FCIP and offers agricultural producers financial protection against losses due to adverse events including drought, excess moisture, damaging freezes, hail, wind, disease, and price fluctuations.

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