Crop Insurance

Play Quiz

Study Flashcards

Spaced Repetition

Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Diversifying their planting locations is not a feasible risk reduction strategy
They may farm in places they otherwise wouldn’t with crop insurance subsidies (correct)
Buying financial contracts like forward contracts is not a reliable risk mitigation method
They are not aware of the risks involved in farming

Farmers would expand their farming operations to more locations
Farmers would diversify their crops to a greater extent
Farmers would be more hesitant to farm environmentally sensitive lands (correct)
Farmers would not be affected by the withdrawal of subsidies

Farmers may not be aware of the benefits of crop insurance
Farmers may not be able to afford farming in certain locations
Farmers may diversify their planting locations excessively
Farmers may tend to farm more environmentally sensitive and marginal lands (correct)

<p>Farmers should not be treated differently than businesses in other industries (D)</p> Signup and view all the answers

<p>They may farm places they otherwise wouldn’t, with crops they might not otherwise try (A)</p> Signup and view all the answers

Flashcards are hidden until you start studying