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Federal crop insurance
A voluntary risk management tool, available to farmers since the thirties, that protects them from the economics effects of unavoidable adverse natural events. Administrative costs are appropriated by the Congress and 30 percent of the insurance costs are federally subsidized.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Agriculture
- Category: Agricultural programs & laws
- Company: USDA
- Product:
- Acronym-Abbreviation:
Other Languages:
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