Excerpt from Crop Insurance: Risks, Losses, and Principles of Protection Limiting consideration to the returns for the single year-and speak: ing this time first in terms of actual income rather than prospective income, farmer X, who grew and harvested an 8-bushel crop, had neither a profit nor a loss. He reaped an amount which at the price received was equivalent to his entire costs chargeable to the season's crop._ On the other hand, farmer Y, who, because of frost and drought reaped no harvest whatever, suffered a loss ...
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Excerpt from Crop Insurance: Risks, Losses, and Principles of Protection Limiting consideration to the returns for the single year-and speak: ing this time first in terms of actual income rather than prospective income, farmer X, who grew and harvested an 8-bushel crop, had neither a profit nor a loss. He reaped an amount which at the price received was equivalent to his entire costs chargeable to the season's crop._ On the other hand, farmer Y, who, because of frost and drought reaped no harvest whatever, suffered a loss equivalent to his entire expenditure of labor and capital chargeable to the year's operations. Farmer Z, with his _14-bushel. Yield, in spite Of the damage to his crop by hail, realized a profit. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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