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Using economic models and empirical analysis, this volume examines a range of agricultural and biofuel policy issues with regard to their effects on American agricultural and agrarian insurance markets. Beginning with a look at the distribution of funds by insurance programs - created to support farmers but often benefiting crop processors instead - the book also examines the demand for biofuel and the effects of biofuel policies on agricultural price uncertainty. Also discussed are genetically engineered crops, which are assuming an increasingly important role in arbitrating tensions between energy production, environmental protection, and the global food supply.
Joshua S. Graff Zivin is associate professor of economics at the Universtiy of California, San Diego. He is a research associate of the NBER. Jeffrey M. Perloff is professor in the Department of Agricultural and Resource Economics at the University of California, Berkeley, and a former member of the NBER Board of Directors.