Risk Management and the Role of the Federal Government
One of the key characteristics of agriculture is the inherent production risks facing producers from adverse weather, pests, and diseases. These risks have been used to justify government intervention in the form of disaster assistance payments, emergency loans, livestock feed assistance programs, crop insurance, and other subsidized assistance schemes. Yet while government intervention to provide assistance has been widely supported in the United States, the form of assistance has been much debated.
KeywordsMoral Hazard Crop Loss Fiscal Year Crop Insurance General Account Office
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