The Risk Management Safety Net:
Portfolio Analysis-Market Penetration and Potential
The Risk Management Agency’s (RMA) report, Risk Management Safety Net: Portfolio Analysis-Market Penetration and Potential, provides a snapshot of what makes up today’s Federal crop insurance book of business, measures of Federal crop insurance market penetration by crop and on-going initiatives and priorities at RMA for new crop insurance product development and program improvements. One measure used to identify areas of market potential for new or improved Federal crop insurance products is the market penetration of existing Federal crop insurance.
The risk management safety net provided by Federal crop insurance has improved significantly over the past decade and even more over the past twenty years, providing coverage today for the majority of principle U.S. crops along with a strong share of other field and specialty crops and some livestock. RMA continues to improve existing insurance programs and innovative new insurance products to producers for their risk management needs.
The full document is available or specific topics can be viewed by section below.
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II. The Federal Crop Insurance Portfolio Today
III. Market Penetration of Federal Crop Insurance-All Insured Crops
IV. Market Penetration of the Principle Crops
V. Market Penetration of Other Field Crops, Hay, Livestock, Nursery, and Pasture/Range/ Forage
VI. Market Penetration for Fruits/Nuts and Vegetables
VII. Considerations for Capturing Market Potential
VIII. Uninsured Crops
IX. Market Potential: RMA On-Going Initiatives and Priorities for Improvement of Market Penetration
Attachment 1: Market Penetration by Category of Crop
Attachment 2: Uninsured Crops
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For more information, contact John Shea.