Discussion: The 2007 Farm Bill and Crop Insurance: Implications for Crop Producers in the South

Thomas Worth
2008 Journal of Agricultural and Applied Economics  
The crop insurance program has grown significantly since passage of the 2002 Farm Bill. Total premiums more than doubled from $2.9 billion in 2002 to $6.6 billion in 2007. This growth in the crop insurance program is due to a combination of greater participation by growers at higher levels of coverage, an increased number of crops with coverage available, and a general rise in commodity prices. Not unexpectedly, there has been a corresponding increase in the cost of program delivery. The total
more » ... elivery. The total amount of expense subsidy and underwriting gains paid to crop insurance companies increased from around $1 billion in 2001 to over $2.5 billion in 2007.
doi:10.1017/s1074070800023749 fatcat:jfcuf3txn5dj7claudszhvmp2y