ABSTRACT

Disaster Assistance: Crop Insurance Can Provide Assistance More Effectively than Other Programs, Report to the Chairman, Committee on Agriculture, House of Representatives   [open pdf - 1MB]

"Since 1980, USDA has provided disaster assistance to farmers through direct cash payments, loans, and an insurance program. The federal government has incurred costs of approximately $17.6 billion in support of these programs: $6.9 billion for direct cash payments, $6.4 billion for disaster emergency loans, and $4.3 billion for crop insurance. The public policy principles we used for assessing the best way to provide disaster assistance are based largely on the premises that disaster victims should be treated equitably and consistently over time and that overall program and society costs should be minimized. Using these premises, we identified eight criteria that should be considered in devising an effective disaster assistance strategy. Although none of the three programs fully satisfy all of our criteria, crop insurance satisfies more of them than the other agriculture disaster assistance programs."

Report Number:
GAO/RCED-89-211
Publisher:
Date:
1989-09-20
Copyright:
Public Domain
Retrieved From:
Government Accountability Office (GAO): http://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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