Wheat, genetically a hybrid of various grasses, was one was one of the original grains . In fact, wheat is so important that it warrants its own web page - “Wheat: A Plant That Changed the World.” Although wheat has less direct food value in terms of calories produced per acre (Ma. n.d.) it has advantages over corn (maize) and rice, the grains that outproduce it in this key metric. Corn is more generally used as animal feed, although it can be easy converted to a very high value low bulk commodity, alcohol (Steinson, 1994). Rice has a longer growing ...
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Finance
Executive Summary With growing concerns related to climate change, the farming profession is exposing the farmers to significant risk of low yields or other crop related failure. Moreover, with weather trend highly unpredictable, farmers always live under the cloud of high uncertainty relating to their livelihood. Therefore, farmers are understanding the significance of crop insurance and how these contracts mitigate the risk factor associated with the farming profession. Important to note, American farmers have two insurance options: Multiple Peril Crop Insurance(MPCI) and Crop-Hail Insurance. While the MPCI is a federal crop insurance program and is run through public-private ...
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