Government Support To Agricultural Insurance

Author : Olivier Mahul
Publisher : World Bank Publications
ISBN 13 : 0821382195
Total Pages : 250 pages
Book Rating : 4.96/5 ( download)

DOWNLOAD NOW!

Download or read book Government Support to Agricultural Insurance written by Olivier Mahul and published by World Bank Publications. This book was released on 2010-03-08 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments in developing countries have been increasingly involved in the support of agricultural (crop and livestock) insurance programs in recent years. In their attempts to design and implement agricultural insurance, they have sought technical and financial assistance from the international community and particularly from the World Bank. One of the recurrent requests from governments regards international experience with agricultural insurance, not only in developed countries, where in some cases agricultural insurance has been offered for more than a century, but also in middleand low-income countries. Governments are particularly interested in the technical, operational, financial, and institutional aspects of public support to agricultural insurance. 'Government Support to Agricultural Insurance' informs public and private decision makers involved in agricultural insurance about recent developments, with a particular focus on middle- and low-income countries. It presents an updated picture of the spectrum of institutional frameworks and experiences with agricultural insurance, ranging from countries in which the public sector provides no support to those in which governments heavily subsidize agricultural insurance. This analysis is based on a survey conducted by the World Bank s agricultural insurance team in 2008 in 65 developed and developing countries. Drawing on the survey results, the book identifies some key roles governments can play to support the development of sustainable, affordable, and cost-effective agricultural insurance programs.

Author : Alexa B. Verderosa
Publisher :
ISBN 13 : 9781536152746
Total Pages : 263 pages
Book Rating : 4.49/5 ( download)

DOWNLOAD NOW!

Download or read book Crop Insurance written by Alexa B. Verderosa and published by . This book was released on 2019-04-21 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since its inception in 1938, the program has evolved from an ancillary program with low participation to a central pillar of federal support for agriculture. As the program has grownin types of insurance policies, breadth of crops covered, and millions of acres enrolledso has the cost of the program to the federal government. The first two chapters provide an overview of the federal crop insurance program. Chapter 3 focuses entirely on delivery subsides and explains how delivery subsidies are calculated, the limitations of publicly available data on the actual delivery expenses of Approved Insurance Providers (AIPs), and how AIPs spend delivery subsidies. In 2010, USDA negotiated an agreement with insurance companies to set a national cap on the annual payments it makes to them for expenses and a target rate of return. Chapter 4 examines (1) the changes in expense payments to companies due to the cap, (2) the extent to which the programs target rate of return reflects market conditions, and (3) opportunities for the federal government to reduce its delivery costs for the program. Before the Agricultural Act of 2014 cotton was eligible for most Federal farm programs. The 2014 Farm Act eliminated multiple programs, including the Direct and Countercyclical Program, while introducing several new programs, including the Supplemental Coverage Option (SCO), and Stacked Income Protection Plan (STAX). Chapter 5 focuses on the two new programs for cotton and examines the mechanics of the programs and their revenue impacts. Catastrophic coverage for noninsurable crops, known as the Noninsured Crop Disaster Assistance Program (NAP), has been available since the Federal Crop Insurance Reform Act of 1994. Chapter 6 examines the effects of the 2014 NAP policy change. Crop insurance premium subsidies are an important part of Compliance incentives under the 2014 Act. Farm program benefits under the 2014 Act could be as high or higher than under the 2008 Farm Act; but for individual farms, the shift toward a crop insurance-oriented policy could increase or decrease Compliance incentives as reported in the last chapter.

Author : United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry. Subcommittee on Agricultural Production, Marketing, and Stabilization of Prices
Publisher :
ISBN 13 :
Total Pages : 116 pages
Book Rating : 4.20/5 ( download)

DOWNLOAD NOW!

Download or read book Federal crop insurance and disaster assistance programs written by United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry. Subcommittee on Agricultural Production, Marketing, and Stabilization of Prices and published by . This book was released on 1978 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States. Congress. House. Committee on Agriculture. Subcommittee on Conservation and Credit
Publisher :
ISBN 13 :
Total Pages : 796 pages
Book Rating : 4.42/5 ( download)

DOWNLOAD NOW!

Download or read book Federal Crop Insurance Program written by United States. Congress. House. Committee on Agriculture. Subcommittee on Conservation and Credit and published by . This book was released on 1979 with total page 796 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Smith, Vincent H.
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4./5 ( download)

DOWNLOAD NOW!

Download or read book Rent Dispersion in the US Agricultural Insurance Industry written by Smith, Vincent H. and published by Intl Food Policy Res Inst. This book was released on 2016-05-20 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: A central, but inadequately explored issue with respect to subsidized crop insurance programs concerns the costs of delivering insurance coverage to farmers. This study examines that issue in the context of the heavily subsidized US crop insurance program which has often been put forward as a model for agricultural insurance programs in other countries. US Government programs often rely on private firms to deliver income transfers or services, which then establish their own rent-seeking lobbies, which are shared with input suppliers. This rent dispersion process is examined in the context of the U.S. agricultural insurance industry, which receives as much as one third of the annual subsidies that support the federal crop insurance program. We find that as total payments to insurance companies increased between 2001 and 2009, an increasingly large share of the agricultural insurance industry’s rents accrued to insurance agents, although in markets where insurance companies possessed some oligopsony power, agent payments are smaller. The findings also suggest that the insurance industry (companies and independent agents) would almost surely provide the same service for substantially less than the gross revenues from the subsidies and underwriting gains they received.

Author :
Publisher : DIANE Publishing
ISBN 13 : 1428961348
Total Pages : 153 pages
Book Rating : 4.40/5 ( download)

DOWNLOAD NOW!

Download or read book Directions for Future Farm Policy written by and published by DIANE Publishing. This book was released on 2001 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry
Publisher :
ISBN 13 :
Total Pages : 214 pages
Book Rating : 4.62/5 ( download)

DOWNLOAD NOW!

Download or read book Review of the Federal Crop and Revenue Insurance Program written by United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry and published by . This book was released on 1998 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Ghosh, Ranjan Kumar
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4./5 ( download)

DOWNLOAD NOW!

Download or read book Is there a market for multi-peril crop insurance in developing countries moving beyond subsidies? Evidence from India written by Ghosh, Ranjan Kumar and published by Intl Food Policy Res Inst. This book was released on 2019-03-29 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Researchers and policymakers have long understood the benefits of crop insurance but have been consistently disappointed by the poor performance of these programs. Rarely have programs seen sizeable take-up rates without support through large government subsidies, and in many countries, demand has been meager even at prices well below fair-market rates. Experiences from India have largely followed this trend, despite a number of large policy initiatives. Limited demand stems from low perceived value, arguably because the existing insurance products are unsuited to farmers’ needs. The present study fills an important gap in rural development by improving upon existing insurance policy design by incorporating product characteristics better suited to farmers’ preferences. To do so, we conducted a discrete choice experiment with agricultural households in four states in India. While farmers seem to like several of the features of policies offered under existing programs, our results suggest they would generally be willing to pay more than the highly subsidized rate they currently pay and are also clearly dissatisfied with delayed and uncertain indemnity payments and would be willing to pay a significant premium for more assured and timely payment delivery.

Author : U.s. Government Accountability Office
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781973956273
Total Pages : 42 pages
Book Rating : 4.76/5 ( download)

DOWNLOAD NOW!

Download or read book Crop Insurance, Considerations in Reducing Federal Premium Subsidies written by U.s. Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-07-26 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: " Federally subsidized crop insurance, which farmers can buy to help manage the risk inherent in farming, has become one of the most important programs in the farm safety net. Revenue policies, which protect farmers against crop revenue loss from declines in production or price, are the most popular policy type and account for nearly 80 percent of all premium subsidies. The crop insurance program's cost has come under scrutiny while the nation's budgetary pressures have been increasing. GAO was asked to look at the cost of the crop insurance program. This report examines (1) trends in federal crop insurance costs and farm sector income and wealth from 2003 through 2012 and (2) the potential savings to the government and impacts on farmers, if any, of reducing federal premium subsidies for revenue policies. GAO analyzed USDA crop insurance program data and farm sector income and wealth data from 2003 through 2012 (most recent year with complete crop insurance data); reviewed economic literature and documents from stakeholders including farm industry groups and researchers; and interviewed USDA officials. "

Author : United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry. Subcommittee on Agricultural Production and Stabilization of Prices
Publisher :
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.88/5 ( download)

DOWNLOAD NOW!

Download or read book Crop Insurance Reform written by United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry. Subcommittee on Agricultural Production and Stabilization of Prices and published by . This book was released on 1995 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: