The Potential for Revenue Insurance Policies in the South

Posted: 9 Jun 1998

See all articles by Jerry R. Skees

Jerry R. Skees

University of Kentucky - College of Agriculture - Department of Agricultural Economics

Joy Harwood

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

Agapi Somwaru

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

Janet Perry

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

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

Suggested Citation

Skees, Jerry R. and Harwood, Joy and Somwaru, Agapi and Perry, Janet, The Potential for Revenue Insurance Policies in the South. Available at SSRN: https://ssrn.com/abstract=94435

Jerry R. Skees (Contact Author)

University of Kentucky - College of Agriculture - Department of Agricultural Economics ( email )

Rm 310, Agricultural Engineering Bldg.
Lexington, KY 40546
United States
606-257-7262 (Phone)
606-257-7290 (Fax)

Joy Harwood

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

355 E Street, SW
Washington, DC 20024-3221
United States

Agapi Somwaru

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

355 E Street, SW
Washington, DC 20024-3221
United States
202-219-0690 (Phone)
202-219-0641 (Fax)

Janet Perry

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

355 E Street, SW
Washington, DC 20024-3221
United States
202-694-5152 (Phone)

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