Download or read book Government Support to Agricultural Insurance written by Olivier Mahul and published by World Bank Publications. This book was released on 2010-03-08 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments in developing countries have been increasingly involved in the support of agricultural (crop and livestock) insurance programs in recent years. In their attempts to design and implement agricultural insurance, they have sought technical and financial assistance from the international community and particularly from the World Bank. One of the recurrent requests from governments regards international experience with agricultural insurance, not only in developed countries, where in some cases agricultural insurance has been offered for more than a century, but also in middleand low-income countries. Governments are particularly interested in the technical, operational, financial, and institutional aspects of public support to agricultural insurance. 'Government Support to Agricultural Insurance' informs public and private decision makers involved in agricultural insurance about recent developments, with a particular focus on middle- and low-income countries. It presents an updated picture of the spectrum of institutional frameworks and experiences with agricultural insurance, ranging from countries in which the public sector provides no support to those in which governments heavily subsidize agricultural insurance. This analysis is based on a survey conducted by the World Bank s agricultural insurance team in 2008 in 65 developed and developing countries. Drawing on the survey results, the book identifies some key roles governments can play to support the development of sustainable, affordable, and cost-effective agricultural insurance programs.
Download or read book Crop Insurance written by Alexa B. Verderosa and published by . This book was released on 2019-04-21 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since its inception in 1938, the program has evolved from an ancillary program with low participation to a central pillar of federal support for agriculture. As the program has grownin types of insurance policies, breadth of crops covered, and millions of acres enrolledso has the cost of the program to the federal government. The first two chapters provide an overview of the federal crop insurance program. Chapter 3 focuses entirely on delivery subsides and explains how delivery subsidies are calculated, the limitations of publicly available data on the actual delivery expenses of Approved Insurance Providers (AIPs), and how AIPs spend delivery subsidies. In 2010, USDA negotiated an agreement with insurance companies to set a national cap on the annual payments it makes to them for expenses and a target rate of return. Chapter 4 examines (1) the changes in expense payments to companies due to the cap, (2) the extent to which the programs target rate of return reflects market conditions, and (3) opportunities for the federal government to reduce its delivery costs for the program. Before the Agricultural Act of 2014 cotton was eligible for most Federal farm programs. The 2014 Farm Act eliminated multiple programs, including the Direct and Countercyclical Program, while introducing several new programs, including the Supplemental Coverage Option (SCO), and Stacked Income Protection Plan (STAX). Chapter 5 focuses on the two new programs for cotton and examines the mechanics of the programs and their revenue impacts. Catastrophic coverage for noninsurable crops, known as the Noninsured Crop Disaster Assistance Program (NAP), has been available since the Federal Crop Insurance Reform Act of 1994. Chapter 6 examines the effects of the 2014 NAP policy change. Crop insurance premium subsidies are an important part of Compliance incentives under the 2014 Act. Farm program benefits under the 2014 Act could be as high or higher than under the 2008 Farm Act; but for individual farms, the shift toward a crop insurance-oriented policy could increase or decrease Compliance incentives as reported in the last chapter.
Download or read book Reforming the Federal Crop Insurance Program written by United States. Congress. House. Committee on Agriculture. Subcommittee on Conservation, Credit, and Rural Development and published by . This book was released on 1991 with total page 746 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Review of the Federal Crop and Revenue Insurance Program written by United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry and published by . This book was released on 1998 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Crop Insurance written by DIANE Publishing Company and published by DIANE Publishing. This book was released on 1997-07 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Federal crop insurance protects farmers against the financial losses caused by events such as droughts, floods, hurricanes, & other natural disasters. In 1995, crop insurance premiums were about $1.5 billion. Federal crop insurance offers farmers two primary types of insurance coverage -- catastrophic insurance, & buyup insurance. These programs are conducted primarily through private insurance companies. This report is an evaluation of the financial arrangements between the Federal Crop Insurance Corp. (FCIC) & participating insurance companies for delivering the crop insurance program to qualified producers.
Download or read book The Intended and Unintended Effects of U S Agricultural and Biotechnology Policies written by Joshua S. Graff Zivin and published by University of Chicago Press. This book was released on 2012-03-15 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using economic models and empirical analysis, this volume examines a wide range of agricultural and biofuel policy issues and their effects on American agricultural and related agrarian insurance markets. Beginning with a look at the distribution of funds by insurance programs—created to support farmers but often benefiting crop processors instead—the book then examines the demand for biofuel and the effects of biofuel policies on agricultural price uncertainty. Also discussed are genetically engineered crops, which are assuming an increasingly important role in arbitrating tensions between energy production, environmental protection, and the global food supply. Other contributions discuss the major effects of genetic engineering on worldwide food markets. By addressing some of the most challenging topics at the intersection of agriculture and biotechnology, this volume informs crucial debates.
Download or read book Federal crop insurance and disaster assistance programs written by United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry. Subcommittee on Agricultural Production, Marketing, and Stabilization of Prices and published by . This book was released on 1978 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Agricultural Policy in Disarray written by Vincent H. Smith and published by Rowman & Littlefield. This book was released on 2018-12-13 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agricultural Policy in Disarray provides fascinating, detailed, and contemporary evidence of how rent-seeking by small, well-organized interest groups results in government policies that do little good and much harm.
Download or read book Economics of Agricultural Crop Insurance Theory and Evidence written by Darrell L. Hueth and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Government subsidized crop insurance has been used by a number of developed countries as a mechanism to reduce farm income instability by reducing yield risks. This book provides an in-depth analysis and evaluation of government provided crop insurance in developed countries. The book is organized into three sections: Part one presents background material on crop insurance programs in the U.S., Canada and selected other countries. Part two provides some analytical models of multiple peril crop insurance which suggest the possibility of modification of design which could improve performance and which explores theoretical linkages between crop insurance decisions and other producer decisions previously not analyzed. The main part of the book is Part three, where the results of a series of empirical studies using databases particularly designed to answer crop insurance questions are presented. This part of the book tests a number of the hypotheses which were raised in Parts one and two regarding reasons for the view widely held by economists that crop insurance has not functioned well.
Download or read book Directions for Future Farm Policy written by and published by DIANE Publishing. This book was released on 2001 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oversight on the Federal Crop Insurance Program written by United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry. Subcommittee on Agricultural Production, Marketing, and Stabilization of Prices and published by . This book was released on 1982 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rent Dispersion in the US Agricultural Insurance Industry written by Smith, Vincent H. and published by Intl Food Policy Res Inst. This book was released on 2016-05-20 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: A central, but inadequately explored issue with respect to subsidized crop insurance programs concerns the costs of delivering insurance coverage to farmers. This study examines that issue in the context of the heavily subsidized US crop insurance program which has often been put forward as a model for agricultural insurance programs in other countries. US Government programs often rely on private firms to deliver income transfers or services, which then establish their own rent-seeking lobbies, which are shared with input suppliers. This rent dispersion process is examined in the context of the U.S. agricultural insurance industry, which receives as much as one third of the annual subsidies that support the federal crop insurance program. We find that as total payments to insurance companies increased between 2001 and 2009, an increasingly large share of the agricultural insurance industry’s rents accrued to insurance agents, although in markets where insurance companies possessed some oligopsony power, agent payments are smaller. The findings also suggest that the insurance industry (companies and independent agents) would almost surely provide the same service for substantially less than the gross revenues from the subsidies and underwriting gains they received.
Download or read book Is there a market for multi peril crop insurance in developing countries moving beyond subsidies Evidence from India written by Ghosh, Ranjan Kumar and published by Intl Food Policy Res Inst. This book was released on 2019-03-29 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Researchers and policymakers have long understood the benefits of crop insurance but have been consistently disappointed by the poor performance of these programs. Rarely have programs seen sizeable take-up rates without support through large government subsidies, and in many countries, demand has been meager even at prices well below fair-market rates. Experiences from India have largely followed this trend, despite a number of large policy initiatives. Limited demand stems from low perceived value, arguably because the existing insurance products are unsuited to farmers’ needs. The present study fills an important gap in rural development by improving upon existing insurance policy design by incorporating product characteristics better suited to farmers’ preferences. To do so, we conducted a discrete choice experiment with agricultural households in four states in India. While farmers seem to like several of the features of policies offered under existing programs, our results suggest they would generally be willing to pay more than the highly subsidized rate they currently pay and are also clearly dissatisfied with delayed and uncertain indemnity payments and would be willing to pay a significant premium for more assured and timely payment delivery.
Download or read book Agricultural Insurance written by P. K. Ray and published by Elsevier. This book was released on 2013-10-22 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agricultural Insurance: Principles and Organization and Application to Developing Countries states that agriculture is subject to special elements of uncertainty. The risk inherent in agriculture has been exhaustively discussed in the text. Risks in agriculture can be characterized as property risk and personal risk. Natural risk such as storms, plant diseases, and insect pests is another topic covered in the book. A type of risk that is identified as drought, inundation, frost and freeze, hail, and tornado is called meteorological risk. The book also discusses another form of risk, which is named social risk. Occurrence such as fire, theft or burglary, embezzlement, and technological change belongs to this type of risk. A chapter of the book is devoted to the ways on how to remedy the risks enumerated. Another section of the book defines the term insurance. This section introduces such topic as probability, uncertainty, and the law of large numbers. The book notes that in order for agricultural risk to be insurable, it must satisfy some parameters. The text will provide valuable insight for farmers, financial planners, statisticians, students, and researchers in the field of risk management.
Download or read book Crop Insurance for Agricultural Development written by P. B. R. Hazell and published by IICA Biblioteca Venezuela. This book was released on 1986 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compilation, conference papers, research reports on crop insurance for agricultural development in developed countries and developing countries - considers farmers' and banks' demand as well as state aid for agricultural insurance; discusses practical experiences in Brazil, Japan and the USA. Bibliography, graphs, statistical tables.
Download or read book Agricultural Insurance written by P. K. Ray and published by Elsevier. This book was released on 2013-10-22 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, which deals comprehensively with agricultural insurance, is the second edition of a book that was published in 1967. The book first deals with the nature of agricultural risks and their insurability. The second part describes the principles and practices of the main types of insurance currently applied to agriculture in different countries. The third and last part is a critical examination of the applicability of the techniques of crop and livestock insurance so far evolved in developed countries to developing countries, and also the possibilities of international reinsurance of national crop insurance systems.
Download or read book Crop Insurance written by Anne-Marie Fennell and published by . This book was released on 2015-04-19 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: The federally subsidized crop insurance program helps about 1 million participants manage the risk inherent in farming. In recent years, the government's costs for the crop insurance program have increased substantially, and these costs have come under scrutiny as the nation's budgetary pressures have been increasing. Unlike farm and conservation programs, the crop insurance program provides the same level of subsidies to participants regardless of their income. This report examines: (1) the percentage and characteristics of participants that would be affected if premium subsidies were reduced for the highest income crop insurance participants; (2) the impact, if any, on the crop insurance program; and (3) how the U.S. Department of Agriculture (USDA) could implement a reduction in premium subsidies for the highest income participants. Tables and figure. This is a print on demand report.
