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Modeling Risk Behavior of Agricultural Production in Chinese Small Households AgEcon
Lu, Wencong C.; Xi, Aiqin; Ye, Jian.
This paper analyzed Chinese small-scale farmer's response to agricultural risks by using MOTAD model. Based on the household's data from the two villages Wangjia and Damao in Zhejiang province, we established "representative rural household" for each of the sampling villages. The results show that farmers in Zhejiang are quite sensitive to agricultural risks. However, different farming systems, the ratio of agricultural income to total family income, as well as the size of arable land, differentiates their risk response. The decision maker's risk preference not only affects the type of agricultural activities and corresponding scales they selected, but also have further effects on the micro agricultural production structure and stable growth of household's...
Tipo: Conference Paper or Presentation Palavras-chave: Farming household; Agricultural risks; Risk response; MOTAD Model; Farm Management; Risk and Uncertainty; D1; C6; D2.
Ano: 2006 URL: http://purl.umn.edu/25656
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Innovations in Insuring the Poor AgEcon
Innovations in Insuring the Poor: Overview, by Ruth Vargas Hilland Maximo Torero; Risk, Poverty, and Insurance, by Stefan Dercon; Microinsurance for Health and Agricultural Risks, by Richard Leftley; Sustainability and Scalability of Index-Based Insurance for Agriculture and Rural Livelihoods, by Ulrich Hess and Peter Hazell; Intelligent Design of Index Insurance for Smallholder Farmers and Pastoralists, by Michael R. Carter; Experience with Weather Index-based Insurance in India and Malawi, by Xavier Gine; Providing Weather Index and Indemnity Insurance in Ethiopia, by Eyob Meherette; Index-based Livestock Insurance in Mongolia, by Oliver Mahul, Nathan Belete, and Andrew Goodland; Health Insurance for the Rural Poor: Evidence from Cambodia, by David I....
Tipo: Working or Discussion Paper Palavras-chave: Poverty; Health risks; Welfare; Income growth; Poor households; Agricultural risks; Financial instruments; Social protection policies; Drought; Flood; Food Security and Poverty.
Ano: 2009 URL: http://purl.umn.edu/59689
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EMPIRICAL ISSUES IN CROP REINSURANCE DECISIONS AgEcon
Nayak, Govindaray; Turvey, Calum G..
This paper investigates the role of reinsurance in the managing the liquidity or reserve fund risks facing a crop insurer. Using 31 years of data, combined with Monte Carlo simulation the paper illustrates a mechanism for calculating reinsurance premiums and determining the post insurance risk profile. The insured event is over a range of loss ratios, and the focus of the paper is on reserve fund balances.
Tipo: Conference Paper or Presentation Palavras-chave: Reinsurance; Crop insurance; Agricultural risks; Crop Production/Industries; Risk and Uncertainty.
Ano: 1999 URL: http://purl.umn.edu/21612
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