The purpose of this Golden LEAF grant is to investigate the feasibility of creating a Crop Insurance Development Fund to develop crop insurance products for underinsured North Carolina crops such as Christmas trees, tomatoes, and strawberries. The Fund would take advantage of a federal Risk Management Agency program that provides support for privately developed insurance products. The study will produce a detailed assessment of the costs, expertise, and structure needed to develop such a fund and a concrete business plan for establishing the crop insurance fund.
