Higher Prices and Crop Insurance: A Double-Edged Sword

Gary Schnitkey ( January, 2007 )

Summary

Base prices used to set guarantees on revenue crop insurance products likely will be considerably higher in 2007 than in 2006. Higher base prices will result in higher guarantees for revenue products, a positive for farmers purchasing insurance. However, higher prices will result in higher insurance premiums, a negative for individuals purchasing insurance.

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Details

Organization

farmdoc

Publisher

University of Illinois

Publication Views

270

Material Type

Written Material