Renegotiation of the Standard Reinsurance Agreement (Sra) for Federal Crop Insurance (Paperback) (ISBN-13: 9781288663101)

Under the federal crop insurance program, farmers can purchase crop insurance policies to manage financial risks associated with declines in crop yields and/or revenue. The program covers more than 100 crops and is administered by the U.S. Department of Agriculture's (USDA's) Risk Management Agency (RMA), which acts as both regulator and reinsurer. To encourage farmer participation and reduce the need for ad hoc disaster assistance, the federal government subsidizes the purchase of crop insurance policies, which are sold and serviced through 16 approved private insurance companies. Insurance company losses are reinsured by USDA, and their administrative and operating (A&O) costs are reimbursed by the government.

Author: Dennis A. Shields
ISBN-10: 1288663102
ISBN-13: 9781288663101
Publisher: Bibliogov
Language: English
Published: 01/28/2013
Pages: 24
Format: Paperback
Weight: 0.14lbs
Size: 9.69h x 7.44w x 0.05d