News releases & notifications
FCSIC Board increases premium rates to 20 basis points for the entire 2022 calendar year
June 08, 2022
At its June meeting, the Insurance Corporation's Board of Directors voted to increase the insurance premium assessment rate on adjusted insured debt to 20 basis points. The change will be applied retroactively and will apply to the entire calendar year. Download the news release here. (PDF)
FCSIC’s Chairman Jeffery S. Hall statement on the revised retroactive premium rate for 2022
June 08, 2022
FCSIC’s Chairman Jeffery S. Hall issued a statement on the revised retroactive premium rate for 2022 and FCSIC’s important role in agriculture. Read the entire statement (PDF)
FCSIC Notice of Regular Board Meeting June 8, 2022
May 31, 2022
Notice of the forthcoming regular meeting of the Board of Directors of the Farm Credit System Insurance Corporation (FCSIC) is hereby given in accordance with the provisions of Article VI of the Bylaws of the FCSIC.
Read the entire notification of the June 8, 2022 Board meeting (PDF).
Board Approves Premium Rates for 2022
January 28, 2022
The Farm Credit System Insurance Corporation (Corporation or FCSIC) board has approved an insurance premium assessment rate on adjusted insured debt of 16 basis points for 2022. The board also approved continuing the assessment of 10 basis points on nonaccrual loans and other-than temporarily impaired investments. Read the entire notification. (PDF)
2022 Projected Premium Rate Range - 10 to 13 basis points
September 14, 2021
At its September meeting, the Farm Credit System Insurance Corporation's Board of Directors reviewed the status of the Farm Credit Insurance Fund (Insurance Fund) and projections for the likely level of premium rates for 2022. Read the entire notification. (PDF).
2020 FCSIC Annual Report is available
August 04, 2021
Read the 2020 FCSIC Annual Report (PDF)
FCSIC Board of Directors Approves the Mid-Year 2021 Premium Review
June 17, 2021
At its June meeting, the Insurance Corporation's Board of Directors voted to maintain the insurance premium assessment rate on adjusted insured debt at 16 basis points for the remainder of the year. Download the news release here.
FCSIC’s independent auditor has issued an unmodified opinion for our 2020 Audited Financial Statements.
February 19, 2021
Download FCSIC’s 2020 Audited Financial Statements. (PDF)
FCSIC Chief Operating Officer Rick Pfitzinger announces retirement; board names Howard Rubin as successor
February 18, 2021
McLEAN, Va., Feb. 26, 2021 — The Farm Credit System Insurance Corporation announced the retirement of Rick Pfitzinger, its chief operating officer since 2018. Mr. Pfitzinger is retiring on Feb. 27 after 33 years of service in the federal government. To help with the transition, he will work for FCSIC on a temporary basis as a part-time adviser after his retirement. Read the entire news release.
Board Approves Premium Rates for 2021
January 28, 2021
The Farm Credit System Insurance Corporation's Board has approved an insurance premium assessment rate on adjusted insured debt of 16 basis points for 2021. The board also approved continuing the assessment of 10 basis points on nonaccrual loans and other-than temporarily impaired investments. Read the entire notification. (PDF)