1、Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS Web96-477 ENRMay 28, 1996Crop Insurance and Risk Management: Provisions in the Enacted 1996 Farm Bill(name redacted)Specialist in Agricultural PolicyEnvironment and Natural Resources Policy Division
2、SummaryProvisions in the Federal Agriculture Improvement and Reform Act of 1996 (P.L.104-127, the 1996 farm bill) make several changes to the federal crop insurance programadministered by the U.S. Department of Agriculture (USDA). Under the new farm law,a producer no longer is required to acquire th
3、e minimum level of crop insurancecoverage, as long as the producer waives, in writing, any eligibility for future disasterpayments. It also allows USDA to continue to offer the basic level of insurance coveragein states or regions that have an insufficient number of approved private insuranceprovide
4、rs, but requires USDA to shift policies to private companies when privatecoverage is adequate. The new law also creates a new Office of Risk Management withjurisdiction over the crop insurance program, and makes seed crops and aquacultureeligible for payments under the noninsured assistance program.
