PPT-Federal Crop Insurance AAE 320: Agricultural Systems Management

Paul D Mitchell Agricultural and Applied Economics Learning Goals Overview current crop insurance programs for major crops What the various crop insurance options are How the various options work. 9#2.'&/9'3#2.)!!*5!+37!32!',3.!A+A%&!3.!'#!'+%!.%&3#/.=5!"5=%C.!#&3032+=!#&7/=+'3#2!#!32'%==%9'/+=3.7@!+.&#x 1 0;320!E3I!6/.'!-,+'!.#&'!#,%.3.!32'%==%9'/+=3.7!3.@!+2:!E33I!6/.'!,#-@!3'!+==@!=320/3.'3 The Policy Cycle. CAP Examples. Coupled Support (Scottish Beef Scheme). New Entrants. Greening. Crop Diversification. 3 crop rule. 17,643 Businesses. 7,057 no. arable land. 1,698 exempt . < . 10ha. Keith Coble. Crop Insurance had grown by five-fold . . --- apparently supplanted Ad hoc programs. --- Insured price risk. --- Insured area yield and revenue. Reform Act or 1994. Current . Rice . Coverage Levels. 2014 Spring. Producer Meeting . First Tribune Insurance. . 1. Non‐Discrimination Statement. Non-Discrimination Statement. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and. Options for . Wisconsin Grape Growers. Paul D. Mitchell. Associate . Professor, Agricultural . & Applied Economics. University of Wisconsin-Madison. 2013 Wisconsin Fresh Fruit and Vegetable Conference. Keith Coble. Crop Insurance had grown by five-fold . . --- apparently supplanted Ad hoc programs. --- Insured price risk. --- Insured area yield and revenue. Reform Act or 1994. Current . Rice . Coverage Levels. DR. ASHISH KUMAR BHUTANI. JOINT SECRETARY. MINISTRY OF AGRICULTURE & FARMERS WELFARE . GOVT. OF INDIA. Brief country profile / vital statistics. Various risks to agriculture. Climate Change, its impact and measures initiated. Anuj Tyagi . May 19, 2017. Agenda. Crop Insurance: An Introduction. Loss Reserving and key issues . Product designing and key Issues. Pricing and Loss reserving: way forward. Crop Insurance. Indian Agricultural landscape :Biggest employment sector for the country. Joe Outlaw. Professor and Extension Economist. Co-Director, AFPC. Texas A&M University. November 10, 2014. A major portion of this presentation is based on NCIS training materials. Crop Insurance had grown by five-fold . Benefits. Hugely productive (for 60 years only). Agricultural Systems. Conventional. Benefits. Hugely productive (for sixty years). It’s traditional—everyone understands it. Agricultural Systems. What’s Covered?. Major topics since last exam. 1) Farm Finance: Balance Sheets, Income Statements. 2) Taxes, Business Arrangements and Farm Transfer. Posted old Exam #2 and Final Exam materials over similar topics, plus answers. “It’s farming, so it’s not easy that’s for sure. The weather and the changing variability in the weather in recent years has been a real challenge, with wet to dry extremes”. . -NY organic grain farmer in 2016 testimonial for NYSDAM. Goal of Section. Overview what economists mean by Cost. (Economic) Cost Functions. Derivation of Cost Functions. Concept of Duality. What it all means. Economic Cost. Economic Cost: Value of what is given up whenever an exchange or transformation of resources takes place. Paul D. Mitchell. Agricultural & Applied Economics. Learning Goals. How to create and read a balance sheet for farm operations. The difference between a Market Basis and a Cost Basis balance sheet for asset valuation and when to use each one.