The US crop insurance program previously used a simple average of equally weighted historical loss cost data to serve as the backbone for estimating crop insurance premium rates. This article develops a procedure for weighting the historical loss cost experience based on longer time-series...

In 1994, some 56 years after initial authorization, the Federal crop insurance program remained characterized by low enrollment levels. Many argued for increased coverage and subsequent major pieces of legislation in 1994, and 2000 expanded the program and increased premium subsidies. Enrollment...

Characteristics of farm level yield and revenue loss that is systemic with yield and revenue loss at the county, state, and U.S. level are examined using farm yields from the Illinois and Kansas farm business management associations. The data begins with 1972. Share of yield and revenue loss...

Recent changes in federal farm programs and contemporary farm program proposals highlight an evolving shift in farm policy from income support to risk management. A mix of price- and revenue-based commodity programs as well as yield- and revenue-based insurance products provide crop producers a...

Although significant research has been done on managing farmers’ financial risk through federal programs such as federal crop insurance, to date, little attention has been paid to the ability of on-farm management’s potential to mitigate agricultural risk. Federal crop insurance could...

Introduction: The context of row crop risk management continues to grow more complex. While the magnitude of price and yield risk changes over time, the development of sophisticated risk management tools and complex government policies may improve growers’ ability to manage risk -- if these...

The proposed Supplemental Coverage Option (SCO) crop insurance program is included in both the House and Senate farm bills. We develop a county level model to analyze program indemnities. The FAPRI-MU stochastic U.S. model is used to estimate market effects of the program. We find the net...