The FCIC was created in 1938, during the Great Depression, to provide insurance for farmers to allow them to profit from crop production even under difficult agricultural and economic circumstances.

Many American farmers were forced to leave their farms as a result of the Dust Bowl during this period.

[2] The RMA is managed by an Administrator appointed by the United States Secretary of Agriculture.

The RMA Administrator serves as the non-voting manager of the Federal Crop Insurance Corporation Board.

The RMA had an operating budget of $74.8 million during Fiscal Year 2016, and managed more than $102 billion in insurance liability during 2015.