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Agriculture

1994

Articles 1 - 2 of 2

Full-Text Articles in Insurance

Input Demand Under Yield And Revenue Insurance, Bruce A. Babcock, David A. Hennessy Dec 1994

Input Demand Under Yield And Revenue Insurance, Bruce A. Babcock, David A. Hennessy

CARD Working Papers

The question of how insurance programs affect agricultural input use is commanding increasing attention. Previous studies disagree on the likely effects of insurance on fertilizer application rates. Whether insurance is a complement or a substitute for fertilizer depends, in part, on whether the probability of low yields is positively or negatively affected by increased fertilizer rates. This study uses field-level data measuring the response of corn yields to nitrogen fertilizer to determine if the technical relationship between yield and nitrogen fertilizer supports the hypothesis that crop insurance or revenue insurance could induce increased application rates. Our results indicate no support ...


The Safety Net Of Farming: An Introduction And Literature Review Of Agricultural Insurance And Other Stabilization Policies And Proposals, Chad E. Hart, Darnell B. Smith Mar 1994

The Safety Net Of Farming: An Introduction And Literature Review Of Agricultural Insurance And Other Stabilization Policies And Proposals, Chad E. Hart, Darnell B. Smith

CARD Working Papers

With the pending debate on the 1995 Farm Bill, crop insurance and disaster assistance have become major topics for discussion. This paper explores the performance of the current MPCI program and presents alternative programs. The need for a unified approach to ease the problem of agricultural instability is addressed.