CAN REVENUE INSURANCE SUBSTITUTE FOR PRICE AND YIELD RISK MANAGEMENT INSTRUMENTS?

Steven D. Hanson, J. Roy Black and H. Holly Wang

No 11655, Staff Paper Series from Michigan State University, Department of Agricultural, Food, and Resource Economics

Abstract: The 1996 Federal Agricultural Improvement Act (FAIR) increased farmer's exposure to downside risk and raised farmer, lender, and congressional interest in the use of alternative instruments to manage income risk. One response has been a proliferation of federally facilitated insurance products. The development of new insurance products is likely to continue because the Agricultural Risk Protection Act of 2000 provides financial incentives for new private sector insurance product development and increases insurance premium subsidies to encourage higher participation and coverage levels.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 26
Date: 2000
Note: This is a revised copy of Staff Paper 2000-48.
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:midasp:11655

DOI: 10.22004/ag.econ.11655

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