Relationships among government payments, crop insurance payments and crop revenue
Risk abatement characteristics of a public sector programme (counter-cyclical payments) and a quasi-private market instrument (crop insurance) are assessed at the farm level. Crop market revenues and insurance payments have strong linkages to pre-planting price and yield conditions, whereas the conditions underlying government programme payments are less affected by prices, crop shares or actual yields. Contrary to a belief often expressed by producers, the counter-cyclical programme does not duplicate or substitute strongly for crop insurance programmes. It is also found that measurement of crop-revenue risk abatement from using either public or quasi-private instruments can be particularly sensitive to the price environment and components of market revenue. Copyright 2004, Oxford University Press.
Year of publication: |
2004
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Authors: | Hauser, Robert J. |
Published in: |
European Review of Agricultural Economics. - European Association of Agricultural Economists - EAAE, ISSN 1464-3618. - Vol. 31.2004, 3, p. 353-368
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Publisher: |
European Association of Agricultural Economists - EAAE |
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