Publisher's Synopsis
Excerpt from Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations for 1994, Vol. 4: Hearings Before a Subcommittee of the Committee on Appropriations, House of Representatives, One Hundred Third Congress, First Session; Subcommittee on Agriculture, Rural Development, Food and Drug Administration; Agricultural Programs
My remarks focus on the extent to which the program has met the objectives of the 1980 act and are based on extensive work that we have conducted since the passage of that act.
As you know, the program was substantially revised in 1980 to expand the availability of crop insurance, develop actuarially sound premiums, use private insurance companies to sell, service, and bear risk on the policies, and abolish government-funded disas ter payments.
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