Federal Crop Insurance Corporation (FCIC)

FCIC Meeting Archive | Private Sector Developed Plans of Insurance | Program Budget and Financial Highlights

Sep 18-20, 2018 FCIC Board Meeting Materials

Public Notice | Agenda | Manager's Report | APH Caneberry | ARPI Popcorn | Clary Sage | Dairy Revenue Protection | Expert Reviewer | High Amylose Corn | Hybrid Rice Seed | Macadamia Tree | Malting Barley Revenue | Margin Protection | Peanut Revenue | Pecan Tree | Sugarcane | Triticale

The Federal Crop Insurance Corporation (FCIC) promotes the economic stability of agriculture through a sound system of crop insurance and providing the means for the research and experience helpful in devising and establishing such insurance. Management is vested in a Board of Directors, subject to the general supervision of the Secretary of Agriculture.

Federal Crop Insurance Corporation Board of Directors

The Federal Crop Insurance Act (Act) (7 U.S.C. § 1505 Management of Corporation), established the composition of the Board of Directors to manage the Federal Crop Insurance Corporation (FCIC) subject to the general supervision of the Secretary of Agriculture.

The Board delegates to the manager of the FCIC (RMA Administrator) certain authorities and powers. The Board approves any new policy, plan of insurance or major modification to an existing plan or other materials under procedures established by the Board.

The Code of Federal Regulations (CFR), Title 7-Agriculture, Subtitle B-Regulations of the Department of Agriculture, Chapter IV- Federal Crop Insurance Corporation that refer to the general administrative regulations of the FCIC are codified in 7 CFR 400. Regulations that pertain to private sector plans of insurance submissions are published in Subpart V, 7 CFR 400.700-722.

Board Members

• The Under Secretary responsible for the Federal Crop Insurance Program;
• USDA Chief Economist, Dr. Robert Johansson;
• FCIC Manager (non-voting), Martin Barbre;
• Four farmers, one of whom grows specialty crops:
  • James Bardenhagen
  • Rickey L. Bearden
  • Michael J. Clemens
  • Kenneth Ray Sneed
• An individual involved in insurance (often an agent), Iris Sáenz;
• An individual knowledgeable about reinsurance or regulation, John F. Finston

The corporation takes actions necessary to improve the actuarial soundness of Federal multiperil crop insurance coverage, and apply the system to all insured producers in a fair and consistent manner.

Contact Information

For more information, contact RMA Public Affairs.