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Managing Risk with Crop Insurance

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  • Edwards, William M.

Abstract

Every year Iowa farmers face the threat of damage to their crops from drought, hail, flood, insects, and other natural disasters. The U.S.D.A. Risk Management Agency (RMA) and private crop insurance venders have developed a set of insurance programs to help control crop production risks at a reasonable cost. Crop insurance coverage is not mandatory, but it does provide a financial safety net in case of severe production losses.

Suggested Citation

  • Edwards, William M., 2003. "Managing Risk with Crop Insurance," Staff General Research Papers Archive 10261, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genres:10261
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    File URL: http://www2.econ.iastate.edu/papers/paper_10261.pdf
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    Cited by:

    1. Pendell, Dustin L. & Perry, William R. & Williams, Jeffery R. & Barnaby, Glenn Arthur, Jr. & Lubben, Bradley D., 2003. "Mathematical Formulas For Calculating Net Returns From Participation In Government Programs, Crp, And Crop Insurance Alternatives," Staff Papers 30711, Kansas State University, Department of Agricultural Economics.
    2. Banerjee, Chirantan & Berg, Ernst, 2012. "Policy for implementation of Index Based Weather Insurance revisited: the case of Nicaragua," 123rd Seminar, February 23-24, 2012, Dublin, Ireland 122448, European Association of Agricultural Economists.

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