The Effects of Crop Insurance Subsidies and Sodsaver on Land-Use Change

被引:4
|
作者
Miao, Ruiqing [1 ]
Hennessy, David A. [2 ,3 ,4 ]
Feng, Hongli [3 ,5 ]
机构
[1] Auburn Univ, Dept Agr Econ & Rural Sociol, Auburn, AL 36849 USA
[2] Michigan State Univ, Dept Agr Food & Resource Econ, Food & Agr Policy, E Lansing, MI 48824 USA
[3] Iowa State Univ, Dept Econ, Ames, IA USA
[4] Iowa State Univ, Ctr Agr & Rural Dev, Ames, IA USA
[5] Michigan State Univ, Dept Agr Food & Resource Econ, E Lansing, MI 48824 USA
关键词
copula; crop insurance; grassland; land use; Sodsaver; subsidy chasing; COPULA; IMPACT; RISK;
D O I
暂无
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
It is well known that insurance market information asymmetry can cause socially excessive cropping of yield-risky land. We show that crop insurance subsidies can cause the same problem absent information failures. Using field-level yield data, we find an inversed U-shaped relationship between crop prices and crop insurance subsidies' land-use impacts. For seventeen counties in the U.S. Prairie Pothole Region, simulations show that 0.05% to 3.3% (about 2,600 to 157,900 acres) of land under crop insurance would not have been converted from grassland had premium subsidies not existed. Land-use impacts of Sodsaver in the 2014 Farm Act are also quantified.
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页码:247 / 265
页数:19
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