Crop Insurance
Active
- Assistance listing
- 10.450
- Agency
-
Risk Management Agency
Department of Agriculture
- Grant awards
- 7 $6,894,542 in federal obligations
Program facts
- Assistance type
-
- Cooperative Agreement
- Treasury account
-
- 12-4085-0-3-351
- More information
Program details come from SAM.gov Assistance Listings. Updated . Grant award figures come from USAspending.gov.
About this program
The Department of Agriculture Risk Management Agency administered Crop Insurance (CFDA 10.450), providing federal crop insurance to agricultural producers, with the most recent grant award made on April 1, 2016—over ten years ago. This program shows minimal recent activity and should be approached with caution for new funding pursuit.
The portfolio reflects seven total cooperative agreements obligating $6.9 million in combined federal dollars, all funded by RMA. Award activity has stalled; the program issued five awards in 2013 and two in 2016, with no documented awards since. The assistance type is entirely Cooperative Agreements across all awards in the portfolio.
RMA is the sole funding agency under this Assistance Listing. Recent awards targeted technical infrastructure and research support for the crop insurance program itself rather than direct insurance disbursements to producers. The April 2016 award funded weather and climatic data acquisition for the U.S. Crop Insurance Program at $1.9 million. The March 2016 award supported data mining operations for the program at $3.5 million. Earlier 2013 awards addressed 508H reimbursement, maintenance, and research and development across multiple cooperative agreements, each ranging from $128,708 to $566,847.
The source does not document grant opportunities currently posted or recently solicited under this listing. The program description indicates that applications for crop insurance are filed with private crop insurance sales agents rather than directly with RMA, and that cooperative agreements issued under the program are subject to audit by RMA's internal compliance function, the Office of the Inspector General, and the General Accounting Office. Records retention requirements for cooperative agreements follow 2 CFR 200.334.
Given the decade-long gap since the last award and the absence of recent solicitations, this program does not appear to be actively accepting applications. Verify current status with RMA before allocating pursuit resources.
Objective and description
- Objective
Risk Management Agency's (RMA) mission is serving America's agricultural producers through effective, market-based risk management tools and solutions to strengthen the economic stability of agricultural producers and rural communities. To carry out
- Description
Provides Federal crop insurance to agricultural producers.
Eligibility
- Applicant eligibility
Unless otherwise restricted by the insurance policy, owners or operators of farmland, who have an insurable interest in a crop in a county where insurance is offered on that crop, are eligible for insurance.
- Credentials and documentation
Different types of crop productions information is required depending on the crop insurance purchased
- Uses of assistance
FCIC is administered by the Risk Management Agency (RMA), and promotes the national welfare by improving the economic stability of agriculture through a secure system of crop insurance. FCIC provides an actuarially sound risk management program that protects against agricultural production losses due to unavoidable causes such as drought, excessive moisture, hail, wind, hurricane, tornado, lightning, and insects. In addition to these causes, revenue insurance programs are available under which producers of certain crops are protected against loss of revenue stemming from low prices, poor yields, or a combination of both.
How to apply
- Application procedure
Application for crop insurance offered by a company reinsured by FCIC must be filed with a crop insurance sales agent. Both catastrophic and additional coverage are available only from private companies. In general, crops and acreage must be reported to establish insurance coverage for crop insurance and, if not eligible for crop insurance.
- Award procedure
The insurance contract becomes effective upon issuance of a Notice of Acceptance by the insurance company. Notices of Acceptance for insurance coverage are issued upon a determination that the applicant is eligible.
- Time to approval or disapproval
From 15 to 20 days.
- Renewals
Continuous insurance contract.
- Appeals
Appeals should be addressed within 30 days to the National Appeals Division, U.S. Department of Agriculture, Washington, DC 20250.
Grant awards
| Award | Recipient | Federal obligations | Awarded |
|---|---|---|---|
| Weather & climatic data for U.S. Crop insurance program | Oregon State University | $1,900,000 | |
| Data mining for the U.S. Crop insurance program | Tarleton State University | $3,500,000 | |
| 2014 508H reimbursement | Crop Insurance Systems Inc. | $128,708 | |
| 2014 508H reimbursement for development | Agrilogic Consulting, LLC | $566,847 | |
| 2014 508H r & d maintenance | AG Risk Solutions, Inc. | $263,168 | |
| 2014 508H award maintenance | Integrated Financial Analytics & Research LLP | $151,151 | |
| 2014 508H reimbursement | Watts & Associates, Inc. | $384,668 |
Top recipients by federal obligations
| Rank | Recipient | Federal obligations | Share |
|---|---|---|---|
| 1 | Tarleton State University | $3,500,000 | 51% |
| 2 | Oregon State University | $1,900,000 | 28% |
| 3 | Agrilogic Consulting, LLC | $566,847 | 8% |
| 4 | Watts & Associates, Inc. | $384,668 | 6% |
| 5 | AG Risk Solutions, Inc. | $263,168 | 4% |
| 6 | Integrated Financial Analytics & Research LLP | $151,151 | 2% |
| 7 | Crop Insurance Systems Inc. | $128,708 | 2% |
Federal obligations by fiscal year
| Fiscal year | Federal obligations |
|---|---|
| FY2016 | $5,400,000 |
| FY2014 | $1,494,542 |
Quick answers
What is Assistance Listing 10.450?
Assistance Listing 10.450 is Crop Insurance, a federal grant program run by Risk Management Agency (Department of Agriculture).
What is the CFDA number for Crop Insurance?
Its CFDA number is 10.450: Assistance Listing numbers were called CFDA numbers before 2018.
How much funding has Assistance Listing 10.450 awarded?
7 grant awards under 10.450 have obligated $6,894,542 in federal funds to 7 recipients.
Who receives the most funding from 10.450?
The recipients obligated the most under Crop Insurance are Tarleton State University ($3,500,000), Oregon State University ($1,900,000) and Agrilogic Consulting, LLC ($566,847).
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