{"product_id":"livestock-gross-margin-dairy-insurance-united-states-department-of-agriculture-9781505399455","title":"Livestock Gross Margin-Dairy Insurance: An Assessment of Risk Management and Potential Supply Impacts","description":"Public risk management policies for dairy producers have the potential to induce expan-sion in milk supplies, which might lower farm-level prices and offset risk-reduction benefits. An evaluation of USDA's Livestock Gross Margin-Dairy (LGM-Dairy) insur-ance program finds economic downside risk significantly reduced, with potential to induce modest supply expansion (0 to 3 percent) if widely adopted. Supply impacts are likely limited due to relatively low participation levels and a minimal (\"inelastic\") supply response to risk. LGM-Dairy is more flexible and convenient than other risk management tools, such as hedging directly in futures or options markets, especially for small farms.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e United States Department of Agriculture\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1505399459\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781505399455\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Createspace Independent Publishing Platform\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 12\/06\/2014\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 30\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.21lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 11.02h x 8.50w x 0.06d","brand":"United States Department of Agriculture","offers":[{"title":"Paperback","offer_id":46906798964991,"sku":"9781505399455","price":12.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_e4be4f07-c796-48a0-8778-cb7bc83b98f7.jpg?v=1748771442","url":"https:\/\/www.whiterainbookhouse.com\/products\/livestock-gross-margin-dairy-insurance-united-states-department-of-agriculture-9781505399455","provider":"WR Book House","version":"1.0","type":"link"}