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


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dc.contributorRuiqing Miao, rzm0050@auburn.eduen_US
dc.creatorMiao, Ruiqing
dc.creatorHennessy, David A
dc.creatorFeng, Hongli
dc.date.accessioned2020-03-12T17:06:58Z
dc.date.available2020-03-12T17:06:58Z
dc.date.created2016-05
dc.identifier.urihttp://www.waeaonline.org/publications/jare/search-past-issuesen_US
dc.identifier.urihttp://hdl.handle.net/11200/49763
dc.description.abstractIt 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 quantifieden_US
dc.formatPDFen_US
dc.publisherWESTERN AGRICULTURAL ECONOMICS ASSOCen_US
dc.relation.ispartofJOURNAL OF AGRICULTURAL AND RESOURCE ECONOMICSen_US
dc.relation.ispartofseries1068-5502en_US
dc.subjectcopulaen_US
dc.subjectCrop Insuranceen_US
dc.subjectGrasslanden_US
dc.subjectLanduseen_US
dc.subjectsubsidy chasingen_US
dc.subjectrisken_US
dc.subjectsodasaveren_US
dc.titleThe Effects of Crop Insurance Subsidies and Sodsaver on Land-Use Changeen_US
dc.typeCollectionen_US
dc.type.genreJournal Article, Academic Journalen_US
dc.citation.volume41en_US
dc.citation.issue2en_US
dc.citation.spage247en_US
dc.citation.epage265en_US
dc.description.statusPublisheden_US
dc.description.peerreviewYesen_US

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