One of the more intriguing alternatives under consideration for the 1995 Farm Bill is the \"Iowa Plan.\" This idea originated with a group of Iowa's farm and commodity organizations. It is receiving increased attention from national farm organizations, academics, and politicians. The basic premise is very simple. Rather than the current mixture of target prices, disaster payments, set-aside provisions, and crop insurance, the government would underwrite a program that guarantees producers a certain percentage of recent revenues. The idea has much intuitive appeal because farmers(and their bankers) would by assured of a certain revenue figure regardless of what happens to prices or yield.

https://lib.dr.iastate.edu/cgi/viewcontent.cgi?article=1348&context=iowaagreview

The Budgetary and Resource Allocation Effects of Revenue Assurance: Summary of Results

On the grounds of some main theoretical formulations for the risk management in agriculture, an outlook has been made of the practice in the country for the last years. Insurance in agriculture in the country dates back to the first years after the Liberation. The aim of the paper is to analyse the insurance development in agriculture in the recent years – from 2003 until 2011 and of the reactions of agricultural producers concerning the insurance. The methods of retrospective, comparative, statistic descriptive and probabilty analysis have been applied. As a result of the analysis, propositions have been made related to the risk management improvement in agriculture. On the basis of the obtained results conclusions were made regarding the insurance state in agriculture and the relation between different factors of agricultural farms management and insurance activity.

Dimitar Nikolov

Papers

Insurance products in agriculture and farm insurance behaviour (Bulgarian)