Implications of Alternative Crop Insurance Subsidies Academic Article

abstract

• AbstractIn this research, we analyze the economic effects across various crop insurance subsidy and policy scenarios to determine producer insurance choice response, total premium and subsidy payments and study their economic implications on dryland corn, soybean, and winter wheat producers. We rely on the expected utility maximization framework to rank policy combination sets that are available to a typical producer to analyze the impacts of crop insurance subsidy changes and elimination of certain insurance policies across the three crops. Several scenarios were analyzed across subsidy and policy options and were found to have noticeably different farmer behavioral responses and economic implications.

authors

• Bryant, Henry

published proceedings

• JOURNAL OF AGRICULTURAL AND APPLIED ECONOMICS

author list (cited authors)

• Maisashvili, A., Bryant, H. L., & Jones, J.

citation count

• 5

complete list of authors

• Maisashvili, Aleksandre||Bryant, Henry L||Jones, Jason PH

publication date

• May 2020

publisher

• Cambridge University Press (CUP)  Publisher

published in

• Journal of Agricultural and Applied Economics  Journal

keywords

• Crop Insurance
• Risk Management
• Simulation

Digital Object Identifier (DOI)

• 10.1017/aae.2019.46

start page

• 240

end page

• 263

volume

• 52

issue

• 2

URL

• http://dx.doi.org/10.1017/aae.2019.46