Problems With Crop Insurance- GAO

Report from the United States General Accounting Office (GAO) to a member of congress, recommendations for better accounting. Also gives a very simple overview of crop insurance in general (see page 6).

http://www.gao.gov/cgi-bin/getrpt?GAO/RCED-99-266

My shitty start

https://sites.google.com/site/schaezsite/Home/PolicyTypes.doc?attredirects=0

anyone wanna take a quick look? I'm sure the format will change a few thousand times, but i figured i'd get a start in.

also, does anyone have an opinion on whether or not to use the formulas? I can't decide if its worth putting in

Our Prayers Answered

**if you are planning on printing this [which i did, at the film school, for free :) ] only the first 25 pages or so are actual information, and the rest is raw data.


Crop Insurance Update, 2006 Edition, Executive Summary

"The Rain and Hail Insurance Society is pleased to provide you with this Crop Insurance Update. The Society and its members thank you for your support of the crop insurance program to date and hope you find this update to be a useful reference and information source for crop insurance issues. We ask for your continued support of the crop insurance program and the private/public partnership, which is unmatched in delivering meaningful risk management tools to America's farmers."
– Introduction, page 1.

http://www.rainhail.com/pdf_files/MKTG/MKTG_0123.pdf

I love how thinly veiled this is... they even have this labelled as marketing in their hosting

Moral hazard

http://www.tpub.com/content/cg1995/rc95269/rc952690045.htm

This talks about the high-risk policy the USDA has for farm insurance





http://www.ama-assn.org/amednews/2006/03/06/bisd0306.htm
Loss ratio for medical insurance providers

Good book

Hey guys,

This book outlines a lot of what we're looking at. It has older info, but the theories and all that are still relevant.

http://books.google.com/books?id=u2gOeLDSK6kC&pg=PT82&lpg=PT82&dq=crop+insurance+opponants&source=bl&ots=ruc9Dpi_z4&sig=PrJolV36UjmDlas2mS6-vf5aONg&hl=en&sa=X&oi=book_result&resnum=1&ct=result#PPA20,M1

Assignments

Ryan & Joe - Follow a Dollar through the system
Andrew - Finance
Adzio - How corporate farms insure their crops
Charlie - Workup numbers on policies, idea of farms, average size of each policy in premium/coverage, help andrew with finance
Mauricio - Stay classy
http://www.coffi.org/ins_progs.html#Summaries

Check out this blog

I found a blog that is strictly about crop insurance. Some of their posts may be.
http://www.cropinsurers.com/blog/

new docs posted

I posted some new documents at http://sites.google.com/site/german129/. one of which is an actual crop insurance policy.

ryan

ch 4 prob 2

I found this problem extremely hard. I still have not finished it. If anyone can prove that the Maximin = Minimax then it will be complete. Here is the link where you can find the file. http://sites.google.com/site/german129/

John Stossel:

Hi Joe,

Glad you liked the show. I think the easiest place to view it (including just the farm segment) is on Youtube: http://tinyurl.com/5taxna . And we also sell the DVD on our website:http://abcnewsstore.go.com/ Thanks for watching, and good luck with the paper! 

John Stossel Reporting:

http://abcnews.go.com/Politics/Vote2008/story?id=6050559&page=1

Journal Article

Here is a link to an article that states private agricultural insurance is possible.

http://www.farmdoc.uiuc.edu/nccc134/conf_1999/pdf/confp20-99.pdf

looks like private insurance companies

http://www.hartfordlivestock.com/

http://www.aaic.fb.com/

article from journal of agricultural economics

http://www.ers.usda.gov/AmberWaves/June05/Features/WhyHasntCropInsurance.htm

Random info sheet from USDA about farm sizes

http://www.ncrlc.com/GR-campaign-webpages/US-farm-stats.html

http://www.aaic.fb.com/

http://www3.rma.usda.gov/tools/agents/companies/indexCI.cfm

Good Links

Links from the American Association of Crop Insurers:

http://www.cropinsurers.com/links.html

Includes: Policies, laws, agencies/organizations, and reports.

Federal Crop Insurance Program- Profitability and Effectiveness Analysis

http://www.ag-risk.org/NCISPUBS/SRA_Response/deloitte_touch_mpci_report_march-26-2004.pdf

Analyzes the economic performance of Multiple Peril Crop Insurance (MPIC) carriers vs. those with just property and casualty insurance (P & C).

From the US Code: § 1508. Crop insurance

http://www4.law.cornell.edu/uscode/html/uscode07/usc_sec_07_00001508----000-.html

The legal code associated with Crop Insurance.

Three Largest Crop Insurers:

Rain and Hail LLC- http://www.rainhail.com/

Great American Insurance Company- www.greatamericancrop.com

American Agricultural Insurance Co.- http://www.aaic.fb.com/

Articles

http://www.washingtonpost.com/wp-dyn/content/article/2006/10/15/AR2006101500585_pf.html

http://www.cropinsurers.com/

http://www.businessweek.com/bwdaily/dnflash/content/jun2008/db20080616_002693.htm?chan=top+news_top+news+index_news+%2B+analysis

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1002131

Hopefully these will be extraordinarily useful for our research.

Hello

Hopefully nobody steals our ideas...