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Federal Crop Insurance - Background & Costs of Insuring Higher Production Risks (Paperback)
Loot Price: R2,070
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Federal Crop Insurance - Background & Costs of Insuring Higher Production Risks (Paperback)
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The federal crop insurance program began in 1938 when Congress
authorized the Federal Crop Insurance Corporation. The current
program, which is administered by the U.S. Department of
Agriculture's Risk Management Agency (RMA), provides producers with
risk management tools to address crop yield and/or revenue losses
for about 130 crops. The federal farm safety net also includes the
farm commodity support programs, which provide price and income
support for a much narrower list of "covered and loan commodities"
such as corn, wheat, rice, and peanuts. This book provides a primer
on the federal crop insurance program and highlights changes to the
program by the 2014 farm bill. It also the examines the
government's cost of the crop insurance program; and the extent to
which RMA's premium rates, as implemented, cover expected losses.
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