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Tracking the Evolution and Recent Development in Whole Farm Insurance Programs

Author

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  • Olen, Beau
  • Wu, JunJie

Abstract

This article analyzes the development of Whole Farm Revenue Protection—WFRP—as well as outcomes in its first two years. WFRP addresses adverse selection by expanding the size and diversity of the insurance pool and serves as a complement for buy-up insurance and a substitute for disaster assistance and catastrophic risk protection.

Suggested Citation

  • Olen, Beau & Wu, JunJie, 2017. "Tracking the Evolution and Recent Development in Whole Farm Insurance Programs," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 32(3), October.
  • Handle: RePEc:ags:aaeach:264540
    DOI: 10.22004/ag.econ.264540
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    Cited by:

    1. Shuoli Zhao & Chengyan Yue, 2020. "Risk preferences of commodity crop producers and specialty crop producers: An application of prospect theory," Agricultural Economics, International Association of Agricultural Economists, vol. 51(3), pages 359-372, May.

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