ANNOUNCEMENT 11 May 2018On 11 May 2018, the US government granted a production subsidy to multiple farmers worth USD 125 million as part of the program Crop Insurance.
NUMBER OF INTERVENTIONS
USAspending.gov. Award page. Crop Insurance. American Agri-Business Insurance Company.
USDA Risk Management Agency (RMA), "Crop insurance" (retrieved on 15/07/2021).Available at: https://www.rma.usda.gov/
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).