Abstract
Crop insurance is a contractual arrangement that pays when yield or revenue falls below a guarantee. Within the United States, the federal government is heavily involved in the regulation of crop insurance and has subsidized its purchase, administration, and reinsurance. Crop insurance use has increased from the 1990s to the 2000s, partly as a result of heavier government involvement since the 1980s.
| Original language | English (US) |
|---|---|
| Title of host publication | Agriculture and People |
| Publisher | Elsevier |
| Pages | 399-407 |
| Number of pages | 9 |
| ISBN (Print) | 9780080931395 |
| DOIs | |
| State | Published - Jan 1 2014 |
Keywords
- Adverse selection
- Crop insurance
- Federal policy
- Moral hazard
- Multiperil
- Revenue insurance
- Risk management
- Subsidies
- Yield insurance
ASJC Scopus subject areas
- General Environmental Science