Excerpt from the report Preface: This report records the results of research undertaken by the Economic Research Service (ERS) for the Federal Crop Insurance Corporation (FCIC). (Both are agencies in the Department of Agriculture. ) The purpose was to determine the economic impact of Federal crop insurance on farmers and others. The study is a pilot exploration into an area where procedures so far are not well developed. For this reason, non-statistical analysis has been relied upon heavily. It is hoped that the findings, both methodological and substantive, will provide a useful background for subsequent studies of this nature.