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FARM SAFETY NET: SUBSIDIZED SAVINGS ACCOUNT FOR U.S. FARMERS 31
Worth, Thomas; Makki, Shiva S.; Somwaru, Agapi.
A subsidized savings accounts program is being considered by USDA's Risk Management Agency to provide an income safety net to farmers. We argue that savings accounts would complement federal crop insurance program and other private risk management strategies that farmers routinely adopt to minimize income risk and hence offer a better safety net.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural Finance.
Ano: 2002 URL: http://purl.umn.edu/19844
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Discussion: The 2007 Farm Bill and Crop Insurance: Implications for Crop Producers in the South 31
Worth, Thomas.
The crop insurance program has grown significantly since passage of the 2002 Farm Bill. Total premiums more than doubled from $2.9 billion in 2002 to $6.6 billion in 2007. This growth in the crop insurance program is due to a combination of greater participation by growers at higher levels of coverage, an increased number of crops with coverage available, and a general rise in commodity prices. Not unexpectedly, there has been a corresponding increase in the cost of program delivery. The total amount of expense subsidy and underwriting gains paid to crop insurance companies increased from around $1 billion in 20011 to over $2.5 billion in 2007.
Tipo: Journal Article Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2008 URL: http://purl.umn.edu/46983
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QUALITY, REPUTATION, AND IMPORTS 31
Worth, Thomas.
This paper develops a model of how firms determine the quality of their output in a setting of asymmetric information. In this framework, the few lowest-cost firms produce high quality output and the rest produce at low quality due to a free-rider problem. The presence of imports exacerbates this problem.
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade; Research Methods/ Statistical Methods.
Ano: 1999 URL: http://purl.umn.edu/21567
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