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    A Primer on Crop Insurance

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    Primer on Crop Insurance_Final.pdf (930.7Kb)
    No. of downloads: 4668

    Date
    2015-08
    Author
    Leathers, Howard
    Goeringer, Paul
    DRUM DOI
    https://doi.org/10.13016/M21D03
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    Abstract
    Fundamentally, risk management on a farm is aimed at smoothing out the income or profit stream over time. This is accomplished by accepting lower incomes or profits during good times in exchange for higher incomes or profits during bad times. Crop insurance is an important tool for risk management. This paper describes comprehensively the details about how crop insurance works. Because crop insurance uses futures market prices in some important ways, the paper also briefly reviews how futures markets operate.
    Notes
    Fundamentally, risk management on a farm is aimed at smoothing out the income or profit stream over time. This is accomplished by accepting lower incomes or profits during good times in exchange for higher incomes or profits during bad times. Crop insurance is an important tool for risk management. This paper describes comprehensively the details about how crop insurance works. Because crop insurance uses futures market prices in some important ways, the paper also briefly reviews how futures markets operate.
    URI
    http://hdl.handle.net/1903/16869
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    DRUM is brought to you by the University of Maryland Libraries
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