crop insurance


Federal crop insurance : Background
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The federal crop insurance program began in 1938 when Congress authorized the Federal Crop Insurance Corporation. The current program, which is administered by the US Department of Agricultures Risk Management Agency (RMA), provides producers with risk

Parametric and non-parametric crop yield distributions and their effects on all-risk crop insurance premiums
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Normal, gamma and beta distributions are applied to 609 crop yield histories of Ontario farmers to determine which, if any, best describe crop yields. In addition, a distribution free nonparametric kernel estimator was applied to the same data to determine its efficiency in

The demand for crop insurance
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It is universally common that farmers receive some state support during natural disasters such as severe drought or floods. Disaster assistance is costly and it may encourage production in high risk areas if payments are made frequently. In the USA, disaster

The demand for crop insurance : Combined approaches for France and Italy
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The aim of this paper is to understand which factors affect crop insurance decision in France and in Italy. These neighbor countries are characterized by a changing insurance system from a public fund to private policies which are highly subsidized. Despite the stakes related

New approaches to public/private crop yield insurance
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estimates or locally appropriate weather indices. These instruments could replace traditional crop insurance at a lower cost to government while meeting the risk management needs of a wider clientele. 1 Skees is the HB Price

Revenue crop insurance demand
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A two-stage simultaneous equation is utilized to model the choice of whether to purchase insurance and the choice of whether to purchase yield or revenue insurance using subjectively elicited survey data. Our results show an elasticity of demand for crop insurance

Federal Crop Insurance : Background and Issues
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In preparation for the next farm bill, the 112th Congress will likely continue reviewing the effectiveness and operations of the federal crop insurance program as part of the farm safety net. In 2010, the House Committee on Agriculture sought input from farmers and others on

Crop revenue and yield insurance demand: a subjective probability approach
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Our results indicate that the demand for crop insurance is inelastic (J0.40), consistent with most earlier yield elasticity estimates, but the elasticity for choices between yield and revenue insurance is found to be relatively more elastic (J0.88)

Index based crop insurance
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Agriculture sector is subject to a great many uncertainties. Yet, more people in developing countries like India earn their livelihood from this sector than from all other economic sectors combined. Agriculture, particularly prone to systemic and co-variant risk, doesnt easily lend

Crop insurance in India
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This working paper discusses the dependence of Indian agriculture on uncertain rains. In addition the farmers experience other production risks as well as marketing risks related to different cropt enterprises and for different agro-climatic regions and areas. It then argues on

Understanding crop insurance principles: A primer for farm leaders
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Federal policy-makers increasingly emphasize the Federal Crop Insurance Program as the primary federal risk management program for farmers. Farm leaders need to understand the underlying mechanics of insurance products if they are to effectively argue their interests

Optimum crop insurance under joint yield and price risk
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This article examines the design of an optimal policy for an insurable risk in the presence of another uninsurable risk. In the context of incomplete markets, indemnity payments are made whenever the insurable realized index is lower or higher than a critical level

An Analysis of Farmers Perception and Awareness towards Crop Insurance as a Tool for Risk Management in Tamil Nadu.
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To insulate farmers against risks in agriculture, government has launched several schemes such as National Agricultural Insurance Scheme and weather index based crop insurance schemes. But their coverage seems to be limited among the farmers primarily due to lack of

Multiple peril crop insurance
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Consider a deal where, for about 200,000 farmers, every dollar they can pay to the government in crop insurance premiums will give them an expected return of $1.90 as JW Glauber reported was the case for 1990 to 2011. Imagine that it costs the taxpayers at least

Crop Insurance in India A Study
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All over the world agriculture is synonymous with risk and uncertainty. Agriculture contributes to 24% of the GDP and any change has a multiplier effect on the economy as a whole. Economic growth and agricultural growth are inextricably linked to each other. Crop

Direct payments, crop insurance and the volatility of farm income. Some evidence in France and in Italy
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Volatility of farm income represents a major challenge for farm management and the design of public policies. This paper measures the extent to which risk management tools, especially direct payments and crop insurance , can significantly reduce crop income

Changing farm structure and the distribution of farm payments and federal crop insurance
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The distribution of commodity-related payments and Federal crop insurance indemnities to US farmers has shifted to larger farms as more and more US agricultural production is done on those farms. Since the operators of larger farms tend to have higher household incomes

Crop insurance : failure of the public sector and the rise of the private sector alternative
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In recent years, crop insurance in one form or another has been the subject of considerable interest in the development community. Both economists and policy makers have increasingly advocated some form of crop insurance as the means of confronting yield

Government vs weather the true story of crop insurance in India
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The government of India started offering widespread crop in insurance in 1985, with the Comprehensive Crop Insurance Scheme. The CCIS has been replaced by the National Agriculture Insurance Scheme. The NAIS is considered to be an improvement over the