All Risk Crop Insurance: Principles, Problems, Potentials |
Common terms and phrases
48-year means 50 percent 67th Congress acre actuarial period adjustment adverse selectivity Agriculture all-risk crop insurance ance Annual precipitation average base rate basis bunchiness bundle bushel buying insurance cause of loss changes Chouteau County correlation costs coverage critical Crop Insurance Corporation crop insurance program Cut Bank decision decision theory Decision-Maker decrease dispersion drouth effect evaluation experience credits factors farm farmers FCIC Federal Crop Insurance firm formula Fort Morgan geographic hail Havre NORTH homogeneity Ibid important income increased indemnities individual insects insurance companies insurance institutions insurance unit loss expectancy loss-causing perils meeting uncertainty merit rating merit-rating methods Montana Montana State University moral hazard non-random differences normal profits North Dakota participation perils covered Plains predict problem provides rainfall randomness rate reductions relatively requirements reserves result retrospective rating risk southern Great Plains surance Tannehill tend tion Tucumcari types of insurance weather wheat endorsement