The analysis further quantifies the intervention's immediate and long-term impacts and finds that farmers' unit choices are highly responsive (elastic) to subsidy rates in those units. Between 2008 and 2015, the insurance experience generally indicates that the share of enterprise units within buy...
This explains why the majority of farmers choose optional unit coverage even though the alternative unit structures provide identical insurance guarantees at a substantially lower cost. We consider two policy options to eliminate the unintended consequences of ARPA subsidies. The first would simply ...
Federal crop insurance programs offer producers the option of insuring farm units individually or as an aggregate unit. Existing programs offer a fixed 10% discKnight, ThomasCoble, KeithGoodwin, Barry K.Rejesus, Roderick M.Seo, SangtaekSocial Science Electronic Publishing...
Global insurance company Lloyd’s of London released a peer-reviewed, industry approved 2015 study on the impacts of acute disruption to the global food supply [363]. Experts considered how weather-related events can disrupt the food supply, and can be exacerbated by additional political and econo...
Nonetheless, stable land tenure allows farmers to access government agricultural subsidies and credit insurance, mitigating financial constraints [50] and enhancing risk awareness, thereby diminishing the hesitance of risk-averse farmers towards CCB adoption. Thus, enhanced land tenure stability increases ...
The Kilimo Salama Insurance Program was established in 2009 in East Africa by Syngenta Foundation for Sustainable Agriculture to reach smallholder farmers using mobile technologies. In 2014, Kilimo Salama was replaced by a private commercial company called ACRE (Agriculture and Climate Risk Enterprise)....