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FCIP costs

by Francis Tsiboe and Dylan Turner
5/20/2024

Line graph showing costs of the U.S. Federal Crop Insurance Program by type ( FCIP premium subsidies, program delivery, and underwriting gains paid by FCIP to approved insurance providers) from 1981 to 2022.

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The total cost of maintaining FCIP has also increased with program participation. Premium subsidies, which have historically been the primary policy tool to increase program participation, represent the largest share of total program cost. Premium subsidies totaled $11.98 billion for 2022.

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