The Tangled Web of Agricultural Insurance: Evaluating the Impacts of Government Policy
نویسندگان
چکیده
This paper examines how changes in major elements of the U.S. federal crop insurance program affect the structure of the agricultural insurance industry. We model interactions between farmers, insurance agents and insurance companies. Marginal changes in government policy (premium subsidy rate, A&O subsidy rate, and loading factor) affect the insurance premium rate, agent compensation rates, agent effort levels, and market demand for crop insurance. Farmers prefer a marginal increase in the premium subsidy rate, but the insurance companies’ most preferred policy is a marginal increase in the A&O subsidy rate. We also evaluate the consequences of changes in crop prices.
منابع مشابه
Socio-economic Impacts of Investment Development Policy on the Agricultural Sector
Investment in the agricultural sector is important because this sector greatly affects the realms of providing food independence and security, employment, sustainable development, and environmental preservation. So, this study investigated the socio-economic impacts (direct and indirect effects) of the investment development policy on the agricultural sector and its sub-sectors in Iran in 2011 ...
متن کاملFarmers’ Perception and Management of Natural Hazards in Production and Security of Farm Investment in Isuikwuato, Abia State, Nigeria
This study on farmers’ perception and management of natural hazards in production and security of farm investment was carried out in Isuikwuato Local Government Area of Abia State, Nigeria. The study was sought to identify farmers’ perceived natural hazards in food production; identify adopted measures used in mitigating impacts of the hazards and determined factors that influenced farmers from...
متن کامل“First, Do No Harm”: Have the Health Impacts of Government Bills on Tax Legislation Been Assessed in Finland?
As taxation is one of the key public policy domains influencing population health, and as there is a legal, strategic, and programmatic basis for health impact assessment (HIA) in Finland, we analyzed all 235 government bills on tax legislation over the years 2007–2014 to see whether the health impacts of the tax bills had been assessed. We found that health impacts had been assessed for 13 bil...
متن کاملImpacts of economic shocks on livestock in Iran: a DSGE model approach
The objectives of this study is to investigate the responses of livestock economic variables (namely, output, consumption, prices, labor and capital) to changes in agricultural productivity, monetary, oil revenue and government spending (fiscal policy). To do so, a Dynamic Stochastic General Equilibrium (DSGE) model is constructed for Iran economy disaggregating livestock. Accordingly, the empi...
متن کاملImpact of Policy of Purchasing Wheat on Welfare of Producers and Consumers in Iran
Wheat is one of the most strategic agricultural products, which has always been a significant issue for the government. The main purpose of this study is to review the policy of purchasing wheat on the welfare of producers and customers in Iran. Due to the significance of wheat in consuming model of Iranian families, this product has been permanently under consideration. The government grants a...
متن کامل