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| Registros recuperados: 114 | |
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| Carriquiry, Miguel A.; Babcock, Bruce A.; Hart, Chad E.. |
| The effect of sampling error in estimation of farmers' mean yields for crop insurance purposes is explored using farm-level corn yield data in Iowa from 1990 to 2000 and Monte Carlo simulations. We find that sampling error combined with nonlinearities in the insurance indemnity function will result in empirically estimated crop insurance rates that exceed actuarially fair values by between 2 and 16 percent, depending on the coverage level and the number of observations used to estimate mean yields. Accounting for the adverse selection caused by sampling error results in crop insurance rates that will exceed fair values by between 42 and 127 percent. We propose a new estimator for mean yields based on a common decomposition of farm yields into systemic and... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Actual production history (APH); Crop insurance; Mean yields estimation; Sampling error; Farm Management. |
| Ano: 2005 |
URL: http://purl.umn.edu/18600 |
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| Cooper, Joseph C.; Langemeier, Michael R.; Schnitkey, Gary D.; Zulauf, Carl R.. |
| Yield variability can be significantly higher at the farm level than at more aggregated levels, including the county. However, due to a dearth of available farm level data, much stochastic analysis involving farm yields utilizes more aggregated yield data as a proxy for the farm level. We empirically evaluate farm-level variability using longitudinal farm level data sets available from the Kansas Farm Management Association and the Illinois Farm Business and Farm Management Association. For corn, soybeans, and wheat, we compare the farm level yield variability obtained from this data to that inferred from Federal crop insurance premiums. The farm management data exhibit lower yield variability than are implied by the crop insurance premiums. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Yield variability; Crop insurance; Corn; Wheat; Soybeans; Agricultural and Food Policy; Crop Production/Industries; Research Methods/ Statistical Methods; Risk and Uncertainty. |
| Ano: 2009 |
URL: http://purl.umn.edu/49216 |
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| Mercade, Lluc; Gil, Jose Maria; Kallas, Zein; Serra, Jordi. |
| Agricultural producers face many risks in their economic activity due to weather conditions, plant or animal diseases, price volatility, policy changes and so on. One of the management tools to deal with some of these risks is the crop insurance system. In Catalonia (North-East of Spain) farmers’ participation in crop insurance for vegetables is low. Only 5 percent of the vegetables area is insured, when in Spain, as a whole, this percentage is around 20 percent. Different reasons have been suggested to explain this low participation ratio such as low risk perception, risk diversification, insurance cost or crop damage assessment rules, among others. However, no systematic research has been undertaken to assess farmers’ preferences for crop insurance in... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Crop insurance; Vegetables; Choice experiments; Catalonia.; Agricultural and Food Policy; Food Consumption/Nutrition/Food Safety. |
| Ano: 2009 |
URL: http://purl.umn.edu/58090 |
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| Registros recuperados: 114 | |
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