Examples of Federal Crop Insurance Program in a sentence
As a key preventative measure, it is important that the agricultural community be made fully*--aware of FSA’s, RMA’s, and AIP’s joint efforts to reduce fraud, waste, and abuse.--* B When to Provide InformationAt a minimum, County Offices shall notify all producers twice a year of the monitoring efforts by FSA and RMA to prevent fraud, waste, and abuse in the Federal Crop Insurance Program.
The Agricultural Risk Protection Act 2000 (2000 Act) requires FSA and RMA to: • work together to improve program compliance and integrity of the Federal Crop Insurance Program • develop a coordinated plan for implementation.
This data is being collected to determine the eligibility of producers, agents and loss adjusters for the Federal Crop Insurance Program, to detail the amount and types of claims to be processed and/or paid by the RMA on behalf of the FCIC, and to track certain actuarial trends and data to determine viability of current and future insurance products.
Aggregate loss ratios, however, mask important commodity and regional differences in the actuarial performance of the Federal Crop Insurance Program.
Because the parameters of crop insurance are set by Congress and USDA does not retain discretion regarding which applicants receive benefits under crop insurance, USDA looks forward to engaging with Congress and crop insurance stakeholders to ensure the Federal Crop Insurance Program and crop insurance products offered provide underserved producers with the risk management tools they need to thrive and thus better align with the Jusice40 initiative.
Applicability AMA is available in 16 States in which Federal Crop Insurance Program participation is historically low, as determined by the Secretary of Agriculture.
B Acceptable Forms of Insurance Acceptable forms of crop insurance are any level of coverage of multi peril insurance, including the catastrophic level, group coverage, and crop revenue coverage offered under the Federal Crop Insurance Program.
Program Objectives Policymakers have expressed at least two major objectives for the Federal Crop Insurance Program.
To stay compliant and receive full coverage within the Federal Crop Insurance Program, adminis- tered by USDA-RMA, a producer who uses cover crops must terminate those crops by a certain date or stage in the spring cash crop season.
Interestingly, the 2000 Act puts the burden of proof on the federal government to indicate why a product proposal should not be adopted within the Federal Crop Insurance Program.