New Crop Insurance Study Findings Have Been Reported by Researchers at North Carolina State University (NC State) (Somebody’s Watching Me! Impacts of the Spot Check List Program In Us Crop Insurance): Agriculture – Crop Insurance

2021 SEP 22 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Data detailed on Agriculture - Crop Insurance have been presented. According to news reporting out of Raleigh, North Carolina, by NewsRx editors, research stated, “The ‘Spot Check List’ (SCL) is an important tool developed to help detect and deter fraud, waste, and abuse in the U.S. crop insurance program. This article examines whether the SCL program affects the extent of crop insurance losses and provides insights into the effectiveness of this program.”

Financial supporters for this research include USDA National Institute of Food and Agriculture AFRI, United States Department of Agriculture (USDA).

Our news journalists obtained a quote from the research from North Carolina State University (NC State), “Using proprietary, county-level SCL data and panel data econometric procedures (which control for both observable and unobservable confounding factors), we find evidence that counties with more producers included in the SCL tend to have better actuarial performance (i.e., lower indemnity payment amounts) after these producers are informed about their listing on the SCL. In addition, the county-level SCL effects tend to last for a couple more years beyond the initial year these SCL producers were informed of their listing.”

According to the news editors, the research concluded: “These results indicate that the SCL procedure has a notable impact on crop insurance losses and is a valuable tool for maintaining integrity of the program.”

This research has been peer-reviewed.

For more information on this research see: Somebody’s Watching Me! Impacts of the Spot Check List Program In Us Crop Insurance. American Journal of Agricultural Economics, 2021. American Journal of Agricultural Economics can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA. (Oxford University Press - http://www.oup.com/; American Journal of Agricultural Economics - ajae.oxfordjournals.org)

Our news journalists report that additional information may be obtained by contacting Xiaoyong Zheng, North Carolina State University (NC State), Dept. of Agricultural and Resource Economics, Raleigh, NC 27695, United States. Additional authors for this research include Sungkwol Park, Roderick M. Rejesus and Barry K. Goodwin.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1111/ajae.12252. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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