FAPRI Baseline Model of the Federal Crop Insurance Program, The
Since 1986 the federal crop insurance program has changed in several ways: the number of covered crops has increased dramatically; the number of insured acres and amount of total premiums have risen; and new styles of crop insurance policies have been introduced. Each change has had a significant impact on the cost of the program. Due to the increasing importance of crop insurance to agriculture's risk management strategy, the Food and Agricultural Policy Research Institute developed a baseline model for the federal crop insurance program. This report outlines the construction of the model, previews preliminary results, and offers ideas for possible extensions.
|Date of creation:||Jul 1998|
|Date of revision:|
|Contact details of provider:|| Postal: |
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