Government Costs

Fiscal year government costs for the Federal crop insurance program grew from $3.16 billion to $3.94 billion during 2001-07, while insurance protection increased from $36.73 billion to $67.34 billion over the same period.

Crop year (CY) government costs for the Federal crop insurance program grew from $2.77 billion to 3.85 billion during 2001-07, while insurance protection increased from $36.73 billion to $67.34 billion over this period.

FY 2001-08 with breakout of Premium and Other Income

CY 2001-08 with breakout of Premium and Other Income

Net Outlays

FCIC/RMA financial statements are based an accrual basis of accounting which is different than cash basis. Expense or revenue may be accrued in one period; however the cash is not disbursed or collected until the following period. Outlays are equal to cash disbursements. Net outlays are outlays (disbursements) less collections.

Reconciliation of Net Cost to Net Outlays

The following tables show the reconciliations of the expense and revenue (which are reported on the statement of net cost) to the outlays and collections (which are reported on the statement of budgetary resources), by fiscal year.

FY 2008 | FY 2007 | FY 2006 | FY 2005

Note: For weekly updates, please see the Summary of Business.

For more information, please contact Michael Drewel.