Effects of subsidized crop insurance on crop choices
نویسندگان
چکیده
منابع مشابه
The Environmental Impacts of Subsidized Crop Insurance: Crop Insurance & the Extensive Margin
A partial equilibrium model of stochastic crop production is used to analyze the impacts of subsidized crop insurance on the extensive margin of agricultural production. It is shown that land use is unchanged only when an actuarially fair, perfectly separating insurance contract is offered. For actuarially fair, pooling equilibrium contracts, however, land with a minimum quality that is strictl...
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This paper tests the efficiency of insurance markets in the Pakistan Punjab by examining how crop choices are affected by the presence of price and yield risk. We estimate reduced-form and structural models of crop choices. Although we cannot reject the hypothesis that village members efficiently share risk among themselves, production choices are shown to depend on risk. Existing risk sharing ...
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The sheer magnitude and growth of public monies directed toward farm-level risk management programs in developed countries is staggering. Canadian Business Risk Management (BRM) subsidies were just under $1.4 billion in 2014 (U.S. premium subsidies totalled $6.2 billion). Risk management has become the backbone of many countries’ agricultural programs and the vehicle of choice to funnel monies ...
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All agricultural producers face recurring risks, significant among them being production risk. Many factors contribute to production risk, including adverse weather conditions such as drought or floods, fires, insects or pests, and disease. These events can devastate a crop, significantly reducing yield and farmer revenue. Since the only way to completely avoid all production risks is to stop p...
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Reform (FAIR) Act implemented farm program contract payments that do not increase as agricultural prices fall, shifting farm policy toward a greater emphasis on risk management and, in particular, on crop insurance. This shift has resulted in the introduction of new types of insurance policies; especially those that provide both yield and price protection. Several new and innovative crop polici...
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ژورنال
عنوان ژورنال: Agricultural Economics
سال: 2018
ISSN: 0169-5150
DOI: 10.1111/agec.12434