A Theory of Subsidy Harvesting in Livestock Price Insurance
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USDA designed the Livestock Risk Protection (LRP) program to help producers insure against declining prices for fed cattle, feeder cattle, and swine. Prices in derivatives markets determine program indemnities, making LRP policies similar to put options. Beginning in 2019, USDA made several changes
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美国国家经济研究局创建时间:
2026-02-01



