Document Type
Article
Date of Original Version
2013
Department
Environmental and Natural Resource Economics
Abstract
Shallow-loss policies take center-stage in many proposals for the current Farm Bill. We examine the choice of deductible coverage vs. coinsurance to show risk premiums and loss adjustment costs matter little when comparing policies. Thus, policy makers should base decisions more on costs to taxpayers than specific risk management features.
Citation/Publisher Attribution
Sproul, T.W., D. Zilberman, and J.C. Cooper. 2013. "Deductibles versus Coinsurance in Shallow-Loss Crop Insurance". Choices. Quarter 3. Available online: http://choicesmagazine.org/choices-magazine/theme-articles/current-issues-in-risk-management-and-us-agricultural-policy/deductibles-versus-coinsurance-in-shallow-loss-crop-insurance
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