RMA Quick Stats
- Fiscally Responsible
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- The 10-year loss ratio meets target.
- Improper payment rate has been under 3% for 8 consecutive years, one of the lowest improper payment rates in government.
- Commodity review: Insurance rates are reviewed frequently and effectively using historical program experience.
- Producer investments: $43.3 billion in premiums collected over the last 10 years.
- Expanding Americas Farm Safety Net
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- More products insured: 50 plus insurance products developed through the 508(h) process, overseen by the Federal Crop Insurance Corporation (FCIC) Board.
- Available Choices: 134 crops insured, up from 112 crops in 2000; 604 varieties insured, up from 325 varieties in 200; 36 types of plans, up from 20 plans in 2012.
- Coverage level: producers have elected for higher coverage levels.
- Working at RMA
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- Best place to work at USDA for 3 years in a row according to the Federal Employee Viewpoint Survey.
- Investing in Customer Service
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- Written agreements: Turnaround times reduced by 35% for individualized coverage applications during the pandemic, from 13.35 days to 8.74 days on average.
- Public engagement: 700,000 public participants were engaged with in 2022 through RMA outreach efforts.
- Growing the Risk Management Toolbox
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- Whole-Farm Revenue Protection;
- insurable coverage increased from $8.5 million to $17 million;
- 16.7K policies sold and $961.2 million in premiums received from 2015-2022;
- reduced paperwork for easy reporting;
- Micro Farm program added in 2022 to protect small, diversified producers.
- Supplemental policies earning premium: policies have increased greatly since 2015.
Organic:- organic policies have increased greatly since 2013. From 2013 to 2022; a total of 86,685 policies have been sold and 12,996,020 acres have been insured;
- top 10 organic commodities insured are 1-corn, 2-apples, 3-soybeans, 4-wheat, 5-blueberries, 6-almonds, 7-grapes, 8-peanut, 9-potatoes, 10-citrus fruit;
- Producers have purchased organic coverage for 70 plus crops.
- Whole-Farm Revenue Protection;