Hennessy, David A.; Du, Xiaodong; Feng, Hongli - Center for Agricultural and Rural Development (CARD), … - 2014
The U.S. crop insurance market has several features that set it apart from other insurance markets. These include:(a) explicit government subsidies with an average premium subsidy rate of about 60% in recent years; and (b) the legislative requirement that premium rates be set at actuarially fair...