AgEcon Search

AgEcon Search >
       Journal of Agricultural and Applied Economics >
          Volume 35, Number 02, August 2003 >

Please use this identifier to cite or link to this item: http://purl.umn.edu/43214

Title: Agricultural Insurance as an Environmental Policy Tool
Authors: Coble, Keith H.
Hanson, Terrill R.
Miller, J. Corey
Shaik, Saleem
Keywords: environment
insurance
liability
JEL Codes: D81
G22
H23
K13
Q18
Issue Date: 2003-08
Abstract: This paper examines the possibility that insurance for row crops, livestock, and aquaculture can be used effectively to encourage producers to adopt practices that will improve environmental behavior. Examples of agricultural environmental insurance are provided and considered in the context of alternative policy mechanisms. The current state of agricultural insurance and the nonagricultural environmental insurance market are explored. We also lay out the characteristics of an insurable risk along with the theoretical basis of insurance provision. An empirical example of an environmental insurance design is provided, and the behavioral implications of such a design are examined. Finally, we discuss important considerations that should be evaluated when considering an attempt to implement an agricultural insurance program directed at environmental behavior.
URI: http://purl.umn.edu/43214
Institution/Association: Journal of Agricultural and Applied Economics>Volume 35, Number 02, August 2003
Total Pages: 15
From Page: 391
To Page: 405
Collections: Volume 35, Number 02, August 2003

Files in This Item:

File Description SizeFormat
Coble JAAE August 2003.pdf6809KbPDFView/Open
Recommend this item

All items in AgEcon Search are protected by copyright.

 

 

Brought to you by the University of Minnesota Department of Applied Economics and the University of Minnesota Libraries with cooperation from the Agricultural and Applied Economics Association.

All papers are in Acrobat (.pdf) format. Get Adobe Reader

Contact Us

Powered by: