IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 21 Aug 2012 | Removal date: open ended

Production subsidy

On 20 September 2012, the Department of Agriculture approved a production subsidy worth USD 75 million to multiple US agricultural producers. The support was granted through the Crop Insurance programme. Producer Lloyds acted as the intermediary.

The Crop Insurance Program provides insurance to agricultural producers to strengthen the economic stability of agricultural producers and rural communities. The program is administered by the Federal Crop Insurance Corporation (FCIC) under Risk Management Agency (RMA) of USDA. Insurance policies are sold by private sector insurance providers. RMA sets the premium rates, administers the premium and expense subsidies, approves and supports products, and reinsures the approved insurance providers.

Notably, crop insurance assistance is one of the pillars of the 2018 Farm Bill approved in December 2018 (please, see related state acts).

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

011 Cereals
1001 Wheat and meslin.
100119 Other
100199 Other
1002 Rye.
100290 Other
1003 Barley.
100390 Other
1004 Oats.
100490 Other
1005 Maize (corn).
100590 Other
1008 Buckwheat, millet and canary seeds; other cereals.
100810 Buckwheat
100829 Other
100860 Triticale
100890 Other cereals
231 Grain mill products
1006 Rice.
100620 Husked (brown) rice
100630 Semimilled or wholly milled rice, whether or not polished or glazed
100640 Broken rice

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