Implications of Commodity Programs and Crop Insurance Policies for Wheat Producers

We analyze the effects of Price Loss Coverage (PLC), Agriculture Risk Coverage (ARC), individual revenue protection insurance (RP), and Supplemental Coverage Option (SCO) on the RP coverage level, certainty equivalent, and program payments. The model is calibrated to a representative wheat farm in M...

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Bibliographic Details
Published in:Journal of agricultural and applied economics 2019-05, Vol.51 (2), p.267-285
Main Authors: Luckstead, Jeff, Devadoss, Stephen
Format: Article
Language:English
Subjects:
Agricultural economics
Agricultural production
Agriculture
Commodities
Crop insurance
Decision theory
Economic models
Expected utility
Farm buildings
Farmers
Farms
Government subsidies
Insurance coverage
Insurance policies
Market prices
Random variables
Subsidies
Theory
Wheat
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