Examining the Role of the Crop Insurance Selling Agent (original) (raw)

This research investigates the influence of crop insurance selling agents on producers' choices and outcomes within the federally subsidized crop insurance program. It analyzes how factors such as agent market share, competition, and compensation mechanisms can affect policy selection for farmers, highlighting potential rent-seeking behavior among agents due to information asymmetries. The findings suggest that decreased competition among agents may lead to choices that do not align with producers' best interests, emphasizing the need for regulatory considerations in the crop insurance market.