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How Would Farm Managers Respond to a Limit on Crop Insurance Premium Subsidies?

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  • Davis, Todd D.
  • Anderson, John A.
  • Young, Robert E. III

Abstract

A stochastic simulation model is used to determine crop insurance premiums and farm program payments for a Illinois corn-soybean and Mississippi corn-soybean-rice-cotton farm. The optimal portfolio of crop insurance and farm programs are determined subject to payment limitations and crop insurance subsidy constraints.

Suggested Citation

  • Davis, Todd D. & Anderson, John A. & Young, Robert E. III, 2014. "How Would Farm Managers Respond to a Limit on Crop Insurance Premium Subsidies?," 2014 AAEA: Crop Insurance and the 2014 Farm Bill Symposium: Implementing Change in U.S. Agricultural Policy, October 8-9, 2014, Louisville, KY 184244, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaeacj:184244
    DOI: 10.22004/ag.econ.184244
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    References listed on IDEAS

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    1. Anderson, John D. & Harri, Ardian & Coble, Keith H., 2009. "Techniques for Multivariate Simulation from Mixed Marginal Distributions with Application to Whole-Farm Revenue Simulation," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 34(1), pages 1-15, April.
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    Keywords

    Agricultural and Food Policy; Farm Management; Risk and Uncertainty;
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