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1、1The Federal Crop Insurance Program Portfolio,Size,Growth,and Market PenetrationFrancis Tsiboe,Research Agricultural Economist,USDA Economic Research ServiceAcknowledgmentsThe findings and conclusions in this presentation are those of the authors and should not be construed to represent any official
2、 USDA or U.S.Government determination or policy.2What we do at the Agricultural Policy and Models Branch in MTED,ERSBaselineDomesticInternationalStochasticsMSRPolicyDomestic(Title I and XI)International(OECD and WTO)TradeGTAPGravity models3Recent ERS reports related to Federal risk management progra
3、ms4Outline for Todays Presentation Federal Programs for Agricultural Risk Management Federal Crop Insurance Program(FCIP)National Book of Business Liability and acreage by commodity type Market penetration 5Federal Programs for Agricultural Risk Management Risk that is specific to a farmFederal Crop
4、 Insurance Program(FCIP)Noninsured Crop Disaster Assistance Program(NAP)Risk that affects most farms in a region(e.g.,county)or nationallyPrice Loss Coverage(PLC)Agriculture Risk Coverage(ARC)Standing disaster assistance Unforeseen riskAd-Hoc assistance 6Federal Crop Insurance Summary of Business fo
5、r 2021 through 20242021 crop year to date2022 crop year to date2023 crop year to date2024 crop year to datePolicies with Premium million1.171.201.251.24Units with Premium million2.672.772.942.95Net Acres Insured million444.50493.70539.35543.66Endorsed Acres million28.9840.7446.5247.30Liability billi
6、on$150.93194.65208.05192.28Total Premium billion$14.2919.2319.1917.30Subsidy billion$8.8511.9711.7510.42Indemnity billion$9.7619.9618.8612.97Loss Ratio0.681.040.980.75Note:All lines include policy totals for Additional Business,Catastrophic Business,and Livestock Business combined except the Net Acr