期刊名称:Journal of Agricultural and Resource Economics
印刷版ISSN:1068-5502
出版年度:2016
卷号:41
期号:2
页码:247-265
出版社:WAEA
摘要:It is well known that insurance market information asymmetry can cause socially excessivecropping of yield-risky land. We show that crop insurance subsidies can cause the same problemabsent information failures. Using field-level yield data, we find an inversed U-shaped relationshipbetween crop prices and crop insurance subsidies’ land-use impacts. For seventeen counties inthe U.S. Prairie Pothole Region, simulations show that 0.05% to 3.3% (about 2,600 to 157,900acres) of land under crop insurance would not have been converted from grassland had premiumsubsidies not existed. Land-use impacts of Sodsaver in the 2014 Farm Act are also quantified.
关键词:copula; crop insurance; grassland; land use; Sodsaver; subsidy chasing