Agricultural Insurance and Changes in Common Agricultural Policy
Abstract
One of the main components of common agricultural policy reform is incorporating agricultural insurance schemes into the rural development policy. Subsidized agricultural insurance schemes practice shows that this policy instrument is cost-ineffective and disturbs agricultural markets in many different ways. The main purpose of this paper is to show specific character of agricultural insurance and summary of experiences with this kind of insurance, which suggest that subsidized agricultural insurance may be not the best option of assisting agricultural producers' risk management efforts.
Keywords
Insurances; Agriculture insurance; Risk management; Agricultural policy
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