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Livestock Gross Margin-Dairy Insurance: An Assessment of Risk Management and Potential Supply Impacts (in English)
United States Department Of Agriculture (Author)
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Createspace Independent Publishing Platform
· Paperback
Livestock Gross Margin-Dairy Insurance: An Assessment of Risk Management and Potential Supply Impacts (in English) - United States Department of Agriculture
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Synopsis "Livestock Gross Margin-Dairy Insurance: An Assessment of Risk Management and Potential Supply Impacts (in English)"
Public risk management policies for dairy producers have the potential to induce expan-sion in milk supplies, which might lower farm-level prices and offset risk-reduction benefits. An evaluation of USDA's Livestock Gross Margin-Dairy (LGM-Dairy) insur-ance program finds economic downside risk significantly reduced, with potential to induce modest supply expansion (0 to 3 percent) if widely adopted. Supply impacts are likely limited due to relatively low participation levels and a minimal ("inelastic") supply response to risk. LGM-Dairy is more flexible and convenient than other risk management tools, such as hedging directly in futures or options markets, especially for small farms.
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The book is written in English.
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