Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

Crop Insurance: Additional Actions Could Further Improve Program's Financial Soundness

  Premium   Download PDF Now (13 pages)
Report Type Reports and Testimonies
Report Date March 17, 1999
Report No. T-RCED-99-123
Subject
Summary:

Farmers rely on federal crop insurance to protect against losses caused by droughts, floods, hurricanes, and other natural disasters. Since 1995, the federal government has spent an average of about $1.4 billion each year on the crop insurance program, including premium subsidies, insurance company reimbursements, and underwriting losses. The program will cost an estimated $1.6 billion in 1999. This testimony summarizes GAO's completed work on the federal crop insurance program since 1995. The statement is based on GAO reports issued in 1995, 1997, and 1998.

« Return to search Government Accountability Office reports