Some previous studies on crop insurance have determined that the risk management tool is so critical to farmers that is unresponsive to price, but a new study by Cornell University says that that isn’t true.
Josh Woodard, a professor with Cornell, says that farmers would purchase less crop insurance if premium rates increased. In fact, he says that there has been an uptick in participation over the years when congress moved to provide premium support instead of ad hoc disaster payments.
Continue reading New data says crop insurance is responsive to price at Brownfield Ag News.
