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Diane Publishing Books
Crop Revenue Insurance: Problems with New Plans Need to Be Addressed
Robert C. Summers. Studies various issues pertaining to the U.S. Dept. of Agriculture’s new crop revenue insurance plans. In conducting their operations, farmers are exposed to both production & price risks. The federal government has played an active role in helping to mitigate the effects of these risks on farm income. A new tool, crop revenue insurance, has been introduced to help farmers manage their risks. This report (1) identifies the differences between the 3 new revenue insurance plans, (2) reports on the plans’ sales & claims experience, & (3) analyzes the methodologies used to set the plans’ premium rates. Charts & tables.
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