This article reviews farmer participation in the Federal crop insurance program, which has been promoted as a replacement for ad hoc disaster assistance. Despite increased participation in crop insurance disaster assistance has been enacted. This article discusses the government costs of the crop insurance program, mainly premium subsidies, and how crop insurance participation varies by type of farm and region.
Why Hasn’t Crop Insurance Eliminated Disaster Assistance?
Robert Dismukes and Joseph Glauber
Washington, DC: USDA Economic Research Service
June 01, 2005