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All-Risk Crop Insurance: Lessons from Theory and Experience

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Economics of Agricultural Crop Insurance: Theory and Evidence

Part of the book series: Natural Resource Management and Policy ((NRMP,volume 4))

Abstract

A producer is generally willing to use more resources, including borrowing more capital for production, if risk can be reduced. One of the major reasons for government involvement in agriculture is to ensure an abundant supply of food and fiber products at reasonable prices. To achieve that goal, the government must assist farmers in managing their risks. The Federal crop insurance program and the various other agricultural programs were designed to assist farmers in the management of risks (U.S. Congress, 1989, p. 57).

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Author information

Authors and Affiliations

  1. Department of Agricultural and Resource Economics, University of California, Berkeley, California, 94720, USA

    B. D. Wright

  2. Department of Agricultural and Resource Economics, Montana State University, Bozeman, Montana, USA

    J. A. Hewitt

Authors
  1. B. D. Wright
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  2. J. A. Hewitt
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Editor information

Editors and Affiliations

  1. University of Maryland, USA

    Darrell L. Hueth

  2. University of Saskatchewan, Canada

    William H. Furtan

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© 1994 Springer Science+Business Media New York

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Wright, B.D., Hewitt, J.A. (1994). All-Risk Crop Insurance: Lessons from Theory and Experience. In: Hueth, D.L., Furtan, W.H. (eds) Economics of Agricultural Crop Insurance: Theory and Evidence. Natural Resource Management and Policy, vol 4. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-1386-1_4

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  • DOI: https://doi.org/10.1007/978-94-011-1386-1_4

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-010-4607-7

  • Online ISBN: 978-94-011-1386-1

  • eBook Packages: Springer Book Archive

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