Federal Crop Insurance : Background & Costs of Insuring Higher Production Risks
Book Details
Format
Paperback / Softback
ISBN-10
163483366X
ISBN-13
9781634833660
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Sep 1st, 2015
Print length
73 Pages
Weight
150 grams
Dimensions
23.10 x 15.60 x 0.70 cms
Product Classification:
Agricultural economicsAgriculture & related industriesAgricultural lawInsurance law
Ksh 15,300.00
Not available
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The federal crop insurance program began in 1938 when Congress authorized the Federal Crop Insurance Corporation. The current program, which is administered by the U.S. Department of Agriculture''s Risk Management Agency (RMA), provides producers with risk management tools to address crop yield and/or revenue losses for about 130 crops. The federal farm safety net also includes the farm commodity support programs, which provide price and income support for a much narrower list of "covered and loan commodities" such as corn, wheat, rice, and peanuts. This book provides a primer on the federal crop insurance program and highlights changes to the program by the 2014 farm bill. It also the examines the government''s cost of the crop insurance program; and the extent to which RMA''s premium rates, as implemented, cover expected losses.
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