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Slaughter And May Insurance
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Most crop insurance policies are either production-based or revenue-
based. For production-based policies, a farmer can receive a payment if
there is a production loss relative to the farmer’s historical production per
acre. Revenue-based policies protect against crop revenue loss resulting
from declines in production, price, or both. The federal government
encourages farmers’ participation in the federal crop insurance program
by subsidizing their insurance premiums and acting as the primary
reinsurer for the private insurance companies that take on the risk of
covering, or “underwriting,” losses to insured farmers. A common
measure of crop insurance program participation is the percentage of...
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Slaughter And May Insurance
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Slaughter And May Insurance
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