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Journal of Agricultural and Resource Economics >
Volume 28, Number 01, April 2003 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/30717
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| Title: | Efficiency Costs of Subsidy Rules for Crop Insurance |
| Authors: | Wang, H. Holly
Hanson, Steven D.
Black, J. Roy |
| Keywords: | crop insurance
futures
risk management
subsidy |
| Issue Date: | 2003-04 |
| Abstract: | Participation in federal crop insurance programs has been encouraged through premium subsidies. The current subsidy depends on contract features as well as coverage levels. This type of subsidy rule causes farmers to choose contract designs and coverages that are not efficient for managing risk, in order to capture subsidy. Farmers are found to be as well off with a flat subsidy that is up to 25% less than the value of the current regressive proportional subsidy. |
| URI: | http://purl.umn.edu/30717 |
| Institution/Association: | Journal of Agricultural and Resource Economics>Volume 28, Number 01, April 2003 |
| Total Pages: | 22 |
| Language: | English |
| From Page: | 116 |
| To Page: | 137 |
| Collections: | Volume 28, Number 01, April 2003
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| 28010116.pdf | 1064Kb | PDF | View/Open |
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