Estimating the Costs of MPCI Under the 1994 Crop Insurance Reform Act

Chad Hart and Darnell Smith

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: The 1994 Crop Insurance Reform Act addressed two major problems of MPCI (multiple peril crop insurance): low participation and additional disaster assistance. In this study, total government costs for the FCIC (Federal Crop Insurance Corporation) and MPCI are estimated to be more than $2 billion, on average, from 1996 to 2003, with half of this amount being in the form of premium subsidies paid by the government.

Date: 1996-03
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Related works:
Working Paper: Estimating the Costs of MPCI Under the 1994 Crop Insurance Reform Act (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:ias:cpaper:96-wp158

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