IDEAS home Printed from https://ideas.repec.org/a/rar/journl/0147.html
   My bibliography  Save this article

The Debate on Public Support to Crop Insurance

Author

Listed:
  • Carlo Cafiero

Abstract

Within the context of the debate on agricultural income stabilisation, many suggest the need for direct or indirect public support to crop insurance. This arti-cle questions the value of such a form of intervention. The potential benefits of public support to crop insurance depend upon the answers to the following ques-tions: (i) Is it true that agricultural incomes’ variability has increased in the re-cent years, following the reform of agricultural policies after Gatt and Wto agreements? (ii) Is it really true that agricultural incomes volatility, even if it is a problem, cannot be effectively managed with private instruments? (iii) Even if there is the need for public intervention, under what conditions a subsidy to insur-ance premiums is the best solution? Recent literature has yet to provide convinc-ing answers to these questions. In this article, by reviewing the available evidence after many years of public support to crop insurance in several western countries, doubts are raised on the effective value of such an instrument.

Suggested Citation

  • Carlo Cafiero, 2003. "The Debate on Public Support to Crop Insurance," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 3, December.
    • Handle: RePEc:rar:journl:0147
    as

    Download full text from publisher

    File URL: http://www.francoangeli.it/riviste/Scheda_Riviste.asp?IDArticolo=20909&Tipo=Articolo%20PDF&lingua=en
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Crop Insurance; Agricultural Policy; Risk Management; Income Stabilisation;
    All these keywords.

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rar:journl:0147. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/rossiea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.