Global Crop Insurance Market: Trends and Opportunities (2015-2019)
Scope of the Report
The report titled “Global Crop Insurance Industry: Trends and Opportunities (2015-2019)” analyzes the potential opportunities, challenges, demand drivers and significant trends representing the crop industry. The report elucidates facts on the crop insurance industry as supplemented by the latest available statistics. It also profiles and analyzes the leading four companies operating in this industry with latest data and a brief overview of their business and finance structure along with a brief discussion of their future business strategies. The report gives valuable insight into technology used in crop insurance industry, its demand in various geographies. In the report, we also try to study the growth pattern in the production and revenue earned by the crop insurance companies and the latest trends concerning crop industry. Most importantly, we have analyzed the current market size and project future market size of the overall crop insurance industry for the years to come.
Company Coverage
The global crop industry has been growing rapidly since the past several years mainly due to increasing demand of food, its flexibility and availability. Among the several varieties of crops available in the market, the demand for crops such as wheat, rice, soya beans, peanuts, sunflower, cotton, dry edible beans, potatoes among others are on a rise due to its easy availability.
Globally, the major factors contributing to the growth of Crop insurance industry is the higher agricultural insurance premium from China, India, and Thailand. Along with the Asia-Pacific region; European countries have had some form of crop or livestock insurance for more than a century. They are now mature markets with high penetration rates and offer comprehensive risk coverage for farmers. The developing countries that have succeeded in setting up a strong crop insurance system (India, China), show that this success has been due, in large part, to public support granted through premium subsidies or reinsurance.
Growth of the crop insurance industry could also be attributed to North America which introduced the revenue-based crop insurance and, more recently, from emerging markets such as China, India and Brazil, driven by rapidly increasing insurance penetration. Agriculture is seen as a diversifying risk to other insurance lines of business and is attracting more and more reinsurance capacity and collateralized reinsurance. Crop Insurance companies are launching new schemes and adopting new strategies in the insurance industry sector and making significant investments.
The report titled “Global Crop Insurance Industry: Trends and Opportunities (2015-2019)” analyzes the potential opportunities, challenges, demand drivers and significant trends representing the crop industry. The report elucidates facts on the crop insurance industry as supplemented by the latest available statistics. It also profiles and analyzes the leading four companies operating in this industry with latest data and a brief overview of their business and finance structure along with a brief discussion of their future business strategies. The report gives valuable insight into technology used in crop insurance industry, its demand in various geographies. In the report, we also try to study the growth pattern in the production and revenue earned by the crop insurance companies and the latest trends concerning crop industry. Most importantly, we have analyzed the current market size and project future market size of the overall crop insurance industry for the years to come.
Company Coverage
- Lloyd’s
- The New India Assurance
- PICC
- AIC
- Government paid Premium
- Farmer paid premium
- MPCI Premium
- Crop Hail Premium
- NAIS
- WBCIS
The global crop industry has been growing rapidly since the past several years mainly due to increasing demand of food, its flexibility and availability. Among the several varieties of crops available in the market, the demand for crops such as wheat, rice, soya beans, peanuts, sunflower, cotton, dry edible beans, potatoes among others are on a rise due to its easy availability.
Globally, the major factors contributing to the growth of Crop insurance industry is the higher agricultural insurance premium from China, India, and Thailand. Along with the Asia-Pacific region; European countries have had some form of crop or livestock insurance for more than a century. They are now mature markets with high penetration rates and offer comprehensive risk coverage for farmers. The developing countries that have succeeded in setting up a strong crop insurance system (India, China), show that this success has been due, in large part, to public support granted through premium subsidies or reinsurance.
Growth of the crop insurance industry could also be attributed to North America which introduced the revenue-based crop insurance and, more recently, from emerging markets such as China, India and Brazil, driven by rapidly increasing insurance penetration. Agriculture is seen as a diversifying risk to other insurance lines of business and is attracting more and more reinsurance capacity and collateralized reinsurance. Crop Insurance companies are launching new schemes and adopting new strategies in the insurance industry sector and making significant investments.
1. EXECUTIVE SUMMARY
2. CROP INSURANCE: AN INTRODUCTION
2.1 Crop Insurance Overview
2.2 Crop Insurance Types
2.3 Comparative Analysis of Crop Insurance Types
2.4 Comparative Analysis of Different Frameworks of Crop Insurance
2.5 Comparative Analysis of International Practices in Crop Insurance
2.5 Public Private Partnerships in Crop Insurance
2.6 Comparative Analysis of Agriculture Insurance Products
2.7 Remote Imaging in Insurance
2.8 Growth of Crop Insurance
3. GLOBAL CROP INSURANCE MARKET SIZE: ACTUAL & FORECAST (2011-2019 )
4. U.S CROP INSURANCE MARKET: AN ANALYSIS
4.1 U.S Crop Insurance Market: Actual & Forecast
4.2 U.S Crop Insurance Market: By Segments
4.2.1 Government Paid Premium: By Value (2011-2014)
4.2.2 U.S Crop Insurance Farmer Paid Premium: By Value (2011-2014)
4.3 US Crop Insurance Market by Schemes
4.3.1 Premium Generated by Scheme MPCI (2010-2014)
4.3.2 Premium Generated by Scheme Crop-Hail Insurance (2010-2014)
5. INDIA CROP INSURANCE MARKET SIZE: ACTUAL & FORECAST (2011-2019 )
5.1 India Crop Insurance Market Size: Actual & Forecast
5.2 India Crop Insurance Market by Schemes
5.2.1 Sum Insured by the Scheme NAIS (2009-2013)
5.2.2 Sum Insured by the Scheme WBCIS: (2009-2013)
6. CHINA CROP INSURANCE MARKET SIZE: ACTUAL & FORECAST (2011-2019 )
6.1 China Crop Industry Market Size: Actual & Forecast
7. GLOBAL CROP INSURANCE MARKET SHARE: 2013
7.1. US Crop Insurance Market Share: An Analysis
7.1.1 US Crop Insurance Premium Market Share by Segments; 2014
7.1.2 US Crop Insurance Premium Market Share by Segments; 2013
7.1.3 US Crop Insurance Revenue Products in Protection Market Share: (By Percentage) 2014
7.1.4 US Crop Insurance Revenue Products in Protection Market Share: (By Percentage) 2013
7.2 India Crop Insurance Market Share: An Analysis
7.2.1 India Agricultural Insurance Market Share: 2013(By Premium Percentage)
7.2.2 India Agricultural Market Share: 2014E (By Premium Percentage)
7.3 China Crop Insurance Market: An Analysis
7.3.1 China Non-Life Insurance Market Share: 2013(By Market Mix)
7.3.2 China Agricultural Insurance Market Share: 2013(By Insurers)
8. GLOBAL CROP INSURANCE MARKET: REGIONAL ANALYSIS
8.1. US Crop Insurance Market: 2011-2014
8.1.1 U.S Crop Insurance Market Statistics Snapshot
8.1.2 U.S Crop Insurance Types
8.1.3 US-Crop Insurance - Revenue Protection in Force
8.1.4 US Crop Insurance – Total Protection in Force
8.1.5 Crop Contracts in U.S
8.1.6 Acres Insured in U.S
8.1.7 Eligible Acres Insured in U.S
8.2 Indian Crop Insurance Market
8.2.1 Crop Reinsurance Types
8.2.2 Penetration of Agricultural Insurance
8.2.3 Types of Crop Insurance Schemes in India
8.2.4 Total Farmers Engaged Under the Crop Insurance Schemes
8.2.5 Comparative Analysis of Crop Schemes in India
8.2.6 List of Indian Crop Insurers and Reinsurers
8.3 China Crop Insurance Market
8.3.1 China Crop Calendar
8.3.2 China Agricultural Insurance Market: Crops and CAT Exposure per Region
8.3.3 Comparative Analysis on Availability of Crop in China
9. GLOBAL CROP INSURANCE MARKET DYNAMICS
9.1 Growth Drivers
9.1.1 Flexible and Affordable
9.1.2 Available and Predictable
9.1.3 Population Shift from Low Income to High Income
9.1.4 Demand Growth for Insurance Products
9.1.5 Strong Potential in Crop Insurance
9.1.6 GDP Growth
9.2 Market Trends
9.2.1 India’s Insurance Market Continues to be Strong
9.2.2 Growing Share of Private Sector
9.2.3 China -Second Largest Agricultural Insurer
9.3 Challenges
9.3.1 Continued Demand Supply Gap
10. COMPETITIVE LANDSCAPE: CROP INSURANCE INDUSTRY
11. COMPANY PROFILES: CROP INSURANCE INDUSTRY
11.1 Lloyd’s
11.1.1 Business Overview
11.1.2 Financial Overview
11.1.3 Business Strategy
11.2 The New India Assurance Co. Ltd.
11.2.1 Business Overview
11.2.2 Financial Overview
11.2.3 Business Strategy
11.3 PICC Property and Casualty Company Limited
11.3.1 Business Overview
11.3.2 Financial Overview
11.3.3 Business Strategy
11.4 Agricultural Insurance Company (AIC) of India Limited
11.4.1 Business Overview
11.4.2 Financial Overview
11.4.3 Business Strategies
2. CROP INSURANCE: AN INTRODUCTION
2.1 Crop Insurance Overview
2.2 Crop Insurance Types
2.3 Comparative Analysis of Crop Insurance Types
2.4 Comparative Analysis of Different Frameworks of Crop Insurance
2.5 Comparative Analysis of International Practices in Crop Insurance
2.5 Public Private Partnerships in Crop Insurance
2.6 Comparative Analysis of Agriculture Insurance Products
2.7 Remote Imaging in Insurance
2.8 Growth of Crop Insurance
3. GLOBAL CROP INSURANCE MARKET SIZE: ACTUAL & FORECAST (2011-2019 )
4. U.S CROP INSURANCE MARKET: AN ANALYSIS
4.1 U.S Crop Insurance Market: Actual & Forecast
4.2 U.S Crop Insurance Market: By Segments
4.2.1 Government Paid Premium: By Value (2011-2014)
4.2.2 U.S Crop Insurance Farmer Paid Premium: By Value (2011-2014)
4.3 US Crop Insurance Market by Schemes
4.3.1 Premium Generated by Scheme MPCI (2010-2014)
4.3.2 Premium Generated by Scheme Crop-Hail Insurance (2010-2014)
5. INDIA CROP INSURANCE MARKET SIZE: ACTUAL & FORECAST (2011-2019 )
5.1 India Crop Insurance Market Size: Actual & Forecast
5.2 India Crop Insurance Market by Schemes
5.2.1 Sum Insured by the Scheme NAIS (2009-2013)
5.2.2 Sum Insured by the Scheme WBCIS: (2009-2013)
6. CHINA CROP INSURANCE MARKET SIZE: ACTUAL & FORECAST (2011-2019 )
6.1 China Crop Industry Market Size: Actual & Forecast
7. GLOBAL CROP INSURANCE MARKET SHARE: 2013
7.1. US Crop Insurance Market Share: An Analysis
7.1.1 US Crop Insurance Premium Market Share by Segments; 2014
7.1.2 US Crop Insurance Premium Market Share by Segments; 2013
7.1.3 US Crop Insurance Revenue Products in Protection Market Share: (By Percentage) 2014
7.1.4 US Crop Insurance Revenue Products in Protection Market Share: (By Percentage) 2013
7.2 India Crop Insurance Market Share: An Analysis
7.2.1 India Agricultural Insurance Market Share: 2013(By Premium Percentage)
7.2.2 India Agricultural Market Share: 2014E (By Premium Percentage)
7.3 China Crop Insurance Market: An Analysis
7.3.1 China Non-Life Insurance Market Share: 2013(By Market Mix)
7.3.2 China Agricultural Insurance Market Share: 2013(By Insurers)
8. GLOBAL CROP INSURANCE MARKET: REGIONAL ANALYSIS
8.1. US Crop Insurance Market: 2011-2014
8.1.1 U.S Crop Insurance Market Statistics Snapshot
8.1.2 U.S Crop Insurance Types
8.1.3 US-Crop Insurance - Revenue Protection in Force
8.1.4 US Crop Insurance – Total Protection in Force
8.1.5 Crop Contracts in U.S
8.1.6 Acres Insured in U.S
8.1.7 Eligible Acres Insured in U.S
8.2 Indian Crop Insurance Market
8.2.1 Crop Reinsurance Types
8.2.2 Penetration of Agricultural Insurance
8.2.3 Types of Crop Insurance Schemes in India
8.2.4 Total Farmers Engaged Under the Crop Insurance Schemes
8.2.5 Comparative Analysis of Crop Schemes in India
8.2.6 List of Indian Crop Insurers and Reinsurers
8.3 China Crop Insurance Market
8.3.1 China Crop Calendar
8.3.2 China Agricultural Insurance Market: Crops and CAT Exposure per Region
8.3.3 Comparative Analysis on Availability of Crop in China
9. GLOBAL CROP INSURANCE MARKET DYNAMICS
9.1 Growth Drivers
9.1.1 Flexible and Affordable
9.1.2 Available and Predictable
9.1.3 Population Shift from Low Income to High Income
9.1.4 Demand Growth for Insurance Products
9.1.5 Strong Potential in Crop Insurance
9.1.6 GDP Growth
9.2 Market Trends
9.2.1 India’s Insurance Market Continues to be Strong
9.2.2 Growing Share of Private Sector
9.2.3 China -Second Largest Agricultural Insurer
9.3 Challenges
9.3.1 Continued Demand Supply Gap
10. COMPETITIVE LANDSCAPE: CROP INSURANCE INDUSTRY
11. COMPANY PROFILES: CROP INSURANCE INDUSTRY
11.1 Lloyd’s
11.1.1 Business Overview
11.1.2 Financial Overview
11.1.3 Business Strategy
11.2 The New India Assurance Co. Ltd.
11.2.1 Business Overview
11.2.2 Financial Overview
11.2.3 Business Strategy
11.3 PICC Property and Casualty Company Limited
11.3.1 Business Overview
11.3.2 Financial Overview
11.3.3 Business Strategy
11.4 Agricultural Insurance Company (AIC) of India Limited
11.4.1 Business Overview
11.4.2 Financial Overview
11.4.3 Business Strategies
LIST OF FIGURES AND TABLES
Figure 1: Global Crop Insurance Premium Earned-(US$ Billion)- 2011-2014
Figure 2: Global Crop Insurance Premium Forecast - (US$ Billion)- 2015-2019
Figure 3: US - Total Crop Premium Earned-(US$ Billion)-2011-2014
Figure 4: US- Total Crop Premium Earned Forecast-(US$ Billion): 2015-2019
Figure 5: U.S Crop Insurance - Government Paid Premium (US$ Billion)-2011-2014
Figure 6: U.S Crop Insurance Government Paid Premium-(US$ Billion)-2011-2014
Figure 7: Premium Generated by Scheme MPCI- (US$ Billion)-2010-2014
Figure 8: Premium Generated by Scheme Crop-Hail Insurance- (US$ Million)-2010-2014
Figure 9: India Agricultural Insurance Market Size: (US$ Million):2011-2013
Figure 10: India Agricultural Insurance Market Size Forecast: (US$ Million)-2014-2019
Figure 11: India - Total Sum Insured by Scheme NAIS-(US$ Billion)-2009-2013
Figure 12: Total Sum Insured by Scheme WBCIS (US$ Billion): 2009-2013
Figure 13: China Crop Insurance Industry Net Premiums Earned: (US$ Billion) - 2009-2013
Figure 14: China Crop Industry Market Size: (US$ Billion): 2014-2019
Figure 15: Geographic Distribution of Agricultural Insurance Premium- (By Premium Percentage)-2014
Figure 16: US Crop Insurance Premium Market Share: (By Percentage)-2014
Figure 17: US Crop Insurance Premium Market Share: (By Percentage)-2013
Figure 18: US Crop Insurance Protection in Force Revenue Products Market Share: (By Percentage) 2014
Figure 19: US Crop Insurance Protection in Force Revenue Products Market Share: (By Percentage) 2013
Figure 20: India Agricultural Market Share-(Percentage)-2013
Figure 21: India Crop Insurance Market Share-(Percentage)-2014E
Figure 22: China Non-Life Insurance Market Mix-(Percentage)-2013
Figure 23: China Agricultural Insurer Market Share-(Percentage)-2013
Figure 24: US -Revenue Protection – Crop Insurance (US$ Billion)-2010-2014
Figure 25: US Crop Insurance - Total Protection in Force (US$ Billion)-2010-2014
Figure 26: Total Number of Crop Contracts In U.S-(Millions)-2011-2014
Figure 27: Total Acres Insured In U.S-(Billion Acres)-2011-2014
Figure 28: Eligible Acres Insured in U.S-(Percentage)-2011-2014
Figure 29: Total Farmers Engaged Under the Crop Insurance Schemes-(Millions)-2009-2013
Figure 30: Indian Population Shifts From Low Income to High Income-(Million Household)-2000-2030
Figure 31: Household Savings in India-(US$ Billion)-2000-2015E
Figure 32: Financial Savings in India-(US$ Billion)-2000-2015E
Figure 33: Global GDP Forecast-(2014-2016)
Figure 34: Non-Life Insurance Premiums Growth Rate-(Percentage)-2010-2012
Figure 35: Higher Private Sector Participation in Non-Life Insurance Market-(Percentage)-2004
Figure 36: Higher Private Sector Participation in Non-Life Insurance Market-(Percentage)-2013
Figure 37: Proportional Split of Premium by Insurer in China Market-(Percentage)-2013
Figure 38: Proportional Split of Non-Life Reinsurer Market Share in China-(Percentage)-2013
Figure 39: Comparative Analysis Based On Net Premium Earned-(US$ Billion)-2013
Figure 40: Comparative Analysis Based On Expected Net Premium Earned-(US$ Billion)-2014
Figure 41: -Lloyd’s Gross Written Premium (GWP)-(US$ Billion): 2010-2014
Figure 42: Lloyds’s Premium Development Growth Rate-(Percentage)-2009-2013
Figure 43: The New India Assurance Co. Ltd. Net Premium – (US$ Billion) - 2010-2013
Figure 44: PICC Net Premiums Earned-(US$ Billion)-2010-2013
Figure 45: PICC Premiums Earned Break-Up- (By Percentage)-2013
Figure 46: PICC Net Premiums Earned in Others - (2010-2013)-US$ Billion
Figure 47: Break-Up of Net Premium Earned By Others- (Percentage)-2013
Figure 48: Agricultural Insurance Company of India Limited Net Premiums Earned-(US$ Million)-2010-2013
Figure 49: Agricultural Insurance Company of India Limited Net Premiums Earned by Crop Business-(Percentage)-2013
Table 1: Indemnity Based Crop Insurance
Table 2: Comparative Analysis of Crop Insurance Types
Table 3: Comparative Analysis of Different Frameworks of Crop Insurance
Table 4: Comparative Analysis of International Practices in Crop Insurance
Table 5: Comparative Analysis of Types of Agricultural Insurance Products
Table 6: Countries with Compulsory Crop or Livestock Insurance
Table 7: U.S Crop Insurance Market Statistics Snapshot- (2013)
Table 8: Global Distribution of Agricultural Insurance Premium-(Percentage)
Table 9: Comparative Analysis of Crop Schemes in India
Table 10: List of Indian Crop Insurers and Reinsurers
Table 11: China Crop Insurance Market Statistics Snapshot- (2013)
Table 12: China Crop Calendar- (January-December)
Table 13: China Agricultural Insurance Market: Crops and CAT Exposure per Region
Table 14: Comparative Analysis on Availability of Crop in China
Table 15: Affordable Protection for Growers and Manageable Costs for Taxpayers
Figure 1: Global Crop Insurance Premium Earned-(US$ Billion)- 2011-2014
Figure 2: Global Crop Insurance Premium Forecast - (US$ Billion)- 2015-2019
Figure 3: US - Total Crop Premium Earned-(US$ Billion)-2011-2014
Figure 4: US- Total Crop Premium Earned Forecast-(US$ Billion): 2015-2019
Figure 5: U.S Crop Insurance - Government Paid Premium (US$ Billion)-2011-2014
Figure 6: U.S Crop Insurance Government Paid Premium-(US$ Billion)-2011-2014
Figure 7: Premium Generated by Scheme MPCI- (US$ Billion)-2010-2014
Figure 8: Premium Generated by Scheme Crop-Hail Insurance- (US$ Million)-2010-2014
Figure 9: India Agricultural Insurance Market Size: (US$ Million):2011-2013
Figure 10: India Agricultural Insurance Market Size Forecast: (US$ Million)-2014-2019
Figure 11: India - Total Sum Insured by Scheme NAIS-(US$ Billion)-2009-2013
Figure 12: Total Sum Insured by Scheme WBCIS (US$ Billion): 2009-2013
Figure 13: China Crop Insurance Industry Net Premiums Earned: (US$ Billion) - 2009-2013
Figure 14: China Crop Industry Market Size: (US$ Billion): 2014-2019
Figure 15: Geographic Distribution of Agricultural Insurance Premium- (By Premium Percentage)-2014
Figure 16: US Crop Insurance Premium Market Share: (By Percentage)-2014
Figure 17: US Crop Insurance Premium Market Share: (By Percentage)-2013
Figure 18: US Crop Insurance Protection in Force Revenue Products Market Share: (By Percentage) 2014
Figure 19: US Crop Insurance Protection in Force Revenue Products Market Share: (By Percentage) 2013
Figure 20: India Agricultural Market Share-(Percentage)-2013
Figure 21: India Crop Insurance Market Share-(Percentage)-2014E
Figure 22: China Non-Life Insurance Market Mix-(Percentage)-2013
Figure 23: China Agricultural Insurer Market Share-(Percentage)-2013
Figure 24: US -Revenue Protection – Crop Insurance (US$ Billion)-2010-2014
Figure 25: US Crop Insurance - Total Protection in Force (US$ Billion)-2010-2014
Figure 26: Total Number of Crop Contracts In U.S-(Millions)-2011-2014
Figure 27: Total Acres Insured In U.S-(Billion Acres)-2011-2014
Figure 28: Eligible Acres Insured in U.S-(Percentage)-2011-2014
Figure 29: Total Farmers Engaged Under the Crop Insurance Schemes-(Millions)-2009-2013
Figure 30: Indian Population Shifts From Low Income to High Income-(Million Household)-2000-2030
Figure 31: Household Savings in India-(US$ Billion)-2000-2015E
Figure 32: Financial Savings in India-(US$ Billion)-2000-2015E
Figure 33: Global GDP Forecast-(2014-2016)
Figure 34: Non-Life Insurance Premiums Growth Rate-(Percentage)-2010-2012
Figure 35: Higher Private Sector Participation in Non-Life Insurance Market-(Percentage)-2004
Figure 36: Higher Private Sector Participation in Non-Life Insurance Market-(Percentage)-2013
Figure 37: Proportional Split of Premium by Insurer in China Market-(Percentage)-2013
Figure 38: Proportional Split of Non-Life Reinsurer Market Share in China-(Percentage)-2013
Figure 39: Comparative Analysis Based On Net Premium Earned-(US$ Billion)-2013
Figure 40: Comparative Analysis Based On Expected Net Premium Earned-(US$ Billion)-2014
Figure 41: -Lloyd’s Gross Written Premium (GWP)-(US$ Billion): 2010-2014
Figure 42: Lloyds’s Premium Development Growth Rate-(Percentage)-2009-2013
Figure 43: The New India Assurance Co. Ltd. Net Premium – (US$ Billion) - 2010-2013
Figure 44: PICC Net Premiums Earned-(US$ Billion)-2010-2013
Figure 45: PICC Premiums Earned Break-Up- (By Percentage)-2013
Figure 46: PICC Net Premiums Earned in Others - (2010-2013)-US$ Billion
Figure 47: Break-Up of Net Premium Earned By Others- (Percentage)-2013
Figure 48: Agricultural Insurance Company of India Limited Net Premiums Earned-(US$ Million)-2010-2013
Figure 49: Agricultural Insurance Company of India Limited Net Premiums Earned by Crop Business-(Percentage)-2013
Table 1: Indemnity Based Crop Insurance
Table 2: Comparative Analysis of Crop Insurance Types
Table 3: Comparative Analysis of Different Frameworks of Crop Insurance
Table 4: Comparative Analysis of International Practices in Crop Insurance
Table 5: Comparative Analysis of Types of Agricultural Insurance Products
Table 6: Countries with Compulsory Crop or Livestock Insurance
Table 7: U.S Crop Insurance Market Statistics Snapshot- (2013)
Table 8: Global Distribution of Agricultural Insurance Premium-(Percentage)
Table 9: Comparative Analysis of Crop Schemes in India
Table 10: List of Indian Crop Insurers and Reinsurers
Table 11: China Crop Insurance Market Statistics Snapshot- (2013)
Table 12: China Crop Calendar- (January-December)
Table 13: China Agricultural Insurance Market: Crops and CAT Exposure per Region
Table 14: Comparative Analysis on Availability of Crop in China
Table 15: Affordable Protection for Growers and Manageable Costs for Taxpayers
