Federal Crop Insurance Program

The Federal Crop Insurance Program provides farmers with financial protection against losses caused by natural disasters, disease, or market fluctuations. Farmers buy insurance policies to safeguard their crops, and if bad weather or other insured events damage or destroy their harvest, the government helps cover their financial losses. This program aims to stabilize farmers’ income, encourage agricultural productivity, and ensure a steady food supply. It is managed by the Federal Crop Insurance Corporation, a government corporation working in partnership with private insurance companies under government oversight.