Crop-Hail Insurance, 1967-68: Volume, Cost, Indemnities

Lawrence A. Jones

No 322038, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: The tenfold volume increase in crop-hail insurance between 1940 and 1967 was related to general rises in output and production costs. Crop-hail insurance showed signs of leveling off in 1967-69 probably because of restricted acreages or lower prices, particularly for wheat, cotton, and tobacco. In 1969 insurance totaled $3. 5 billion; premiums, $127 million; and indemnities, $80 million.

Keywords: Agricultural and Food Policy; Crop Production/Industries; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 20
Date: 1970-05
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:322038

DOI: 10.22004/ag.econ.322038

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