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Can Revenue Insurance Substitute For Price And Yield Risk Management Instruments?

Author

Listed:
  • Hanson, Steven D.
  • Black, J. Roy
  • Wang, H. Holly

Abstract

The 1996 Federal Agricultural Improvement Act (FAIR) increased farmer's exposure to downside risk and raised farmer, lender, and congressional interest in the use of alternative instruments to manage income risk. One response has been a proliferation of federally facilitated insurance products. The development of new insurance products is likely to continue because the Agricultural Risk Protection Act of 2000 provides financial incentives for new private sector insurance product development and increases insurance premium subsidies to encourage higher participation and coverage levels.

Suggested Citation

  • Hanson, Steven D. & Black, J. Roy & Wang, H. Holly, 2000. "Can Revenue Insurance Substitute For Price And Yield Risk Management Instruments?," Staff Paper Series 11655, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    • Handle: RePEc:ags:midasp:11655
    DOI: 10.22004/ag.econ.11655
    Note: This is a revised copy of Staff Paper 2000-48.
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    References listed on IDEAS

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    Cited by:

    1. Nyambane, Gerald G. & Hanson, Steven D. & Myers, Robert J. & Black, J. Roy, 2002. "Dynamic Risk Management Under Credit Constraints," 2002 Conference, April 22-23, 2002, St. Louis, Missouri 19072, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.

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