โ Scribed by H. Douglas Jose; Ram S. K. Valluru
No coin nor oath required. For personal study only.
A survey was conducted to study the factors affecting crop insurance purchase and coverage, to identify the sources of risk in farming, and to determine the impact of policy changes on risk management for designing new educational programs. The survey results show that the new 1994 crop insurance program has been effective in increasing the insured pool of farmers, though it has not yet gained wide acceptance among the farming communities in Nebraska. Risks associated with price uncertainties turned out to be very important in the opinion of farmers. Knowledge of farmers about the futures market influenced the selection of appropriate marketing tools and aid in managing price risks. The new crop insurance program has been effective in communicating to the farming community that future ad hoc disaster payments are unlikely.
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