TY  - BOOK
AU  - Teal, Jim
AU  -  Stevens, Andrew W.
TI  - Race and premium misrating in the U.S. Federal Crop Insurance Program
SN  - 2040-5804
PB  - Applied Economic Perspectives and Policy
KW  -  Crop Insurance
KW  -  Premium Misrating
KW  -  U.S. Farmers
KW  -  U.S. Federal Crop Insurance Program
KW  - Race
N2  - USDA farm support programs have an established history of racial discrimination. Today, the Federal Crop Insurance Program is among the largest and most important programs available to U.S. farmers. Previous research has documented systematic misrating of crop insurance premiums with sizable welfare implications. In this paper, we explore whether producer race measured at the county level has explanatory power in a model of crop insurance misrating. We find that in some cases it does, raising concerns about the possibilities of racially discriminatory impacts of the RMA's rate-setting methodology. Further research is needed to isolate the mechanisms that explain our findings
UR  - https://onlinelibrary.wiley.com/doi/abs/10.1002/aepp.13397
ER  -