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The Potential for Revenue Insurance Policies in the SouthJerry R. SkeesUniversity of Kentucky - College of Agriculture - Department of Agricultural Economics Joy HarwoodU.S. Department of Agriculture (USDA) - Economic Research Service (ERS) Agapi SomwaruU.S. Department of Agriculture (USDA) - Economic Research Service (ERS) Janet PerryU.S. Department of Agriculture (USDA) - Economic Research Service (ERS) Journal of Agricultural and Applied Economics, Vol. 30, No. 1, July 1998 Abstract: The 1996 Farm Act and the 1994 Crop Insurance Reform Act are recent examples of policy changes that have increased risks for U.S. farmers. New products are emerging to help farmers manage risks. This article examines some of the policy changes, farmer responses, and new risk-sharing products. The focus turns to the new revenue insurance products and their potential in the South. While there are reasons to believe revenue insurance should be attractive in the South, any revenue products that use existing crop insurance rates will face difficulties since poor actuarial performance in the South has resulted in relatively high rates.
JEL Classification: Q14, Q18 Accepted Paper SeriesDate posted: June 9, 1998Suggested CitationContact Information
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