Crop Revenue Coverage and Group Risk Plan PDF Download

Author: Roger Selley
Publisher:
ISBN:
Category : Crop insurance
Languages : en
Pages : 6

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Book Description

Author:
Publisher:
ISBN:
Category : Agricultural insurance
Languages : en
Pages : 6

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Book Description

Author: Nick D. Paulson
Publisher:
ISBN:
Category : Crop insurance
Languages : en
Pages : 29

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Book Description
The successful expansion of the U.S. crop insurance program has not eliminated ad hoc disaster assistance. An alternative currently being explored by members of Congress and others in preparation of the 2007 farm bill is to simply remove the "ad hoc" part of disaster assistance programs by creating a standing program that would automatically funnel aid to hard-hit regions and crops. One form such a program could take can be found in the area yield and area revenue insurance programs currently offered by the U.S. crop insurance program. The Group Risk Plan (GRP) and Group Risk Income Protection (GRIP) programs automatically trigger payments when county yields or revenues, respectively, fall below a producer-elected coverage level. The per-acre taxpayer costs of offering GRIP in Indiana, Illinois, and Iowa for corn and soybeans through the crop insurance program are estimated. These results are used to determine the amount of area revenue coverage that could be offered to farmers as part of a standing farm bill disaster program. Approximately 55% of taxpayer support for GRIP flows to the crop insurance industry. A significant portion of this support comes in the form of net underwriting gains. The expected rate of return on money put at risk by private crop insurance companies under the current Standard Reinsurance Agreement is approximately 100%.Taking this industry support and adding in the taxpayer support for GRIP that flows to producers would fund a county target revenue program at the 93% coverage level.

Author:
Publisher:
ISBN:
Category : Agricultural insurance
Languages : en
Pages : 20

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Book Description

Author:
Publisher:
ISBN:
Category : Agricultural insurance
Languages : en
Pages : 6

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Book Description

Author:
Publisher:
ISBN:
Category : Agricultural insurance
Languages : en
Pages : 6

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Book Description

Author: Stanley A. Schraufnagel
Publisher:
ISBN:
Category : Crop insurance
Languages : en
Pages : 9

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Book Description

Author: William M. Edwards
Publisher: John Deere Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 116

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Book Description

Author: Barry K. Goodwin
Publisher: World Bank Publications
ISBN:
Category : Agricultural insurance
Languages : en
Pages : 38

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Book Description
"Goodwin and Mahul identify the key issues and concerns that arise in the design and rating of crop yield insurance plans, with a particular emphasis on production risk modeling. The authors show how the availability of data shapes the insurance scheme and the ratemaking procedures. Relying on the U.S. experience and recent developments in statistics and econometrics, they review risk modeling concepts and provide technical guidelines in the development of crop insurance plans. Finally, they show how these risk modeling techniques can be extended to price risk in order to develop crop revenue insurance schemes. This paper-- a product of the Financial Sector Operations and Policy Department-- is part of a larger effort in the department to develop effective risk management and financial products for agriculture"-- World Bank web site.

Author: Barry K. Goodwin
Publisher: American Enterprise Institute
ISBN: 9780844739083
Category : Business & Economics
Languages : en
Pages : 178

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Book Description
This study is the first to provide a comprehensive and in-depth economic analysis of the origins and consequences of U.S. crop insurance and disaster relief programs. The authors investigate the policy options for disaster assistance and crop insurance, beginning with the recognition that current policies are unsatisfactory.