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A HYPERBOLIC TANGENT YIELD FUNCTION OF FLORIDA CITRUS AgEcon
Cheng, Lan; Moss, Charles B..
This study models Florida citrus production as a function of the age profile of a given tree stock. The age relationship is estimated using a modified hyperbolic tangent function and the parameters is solved by Spatial Process Models and Maximum Likelihood approach. The estimation is based on the production data of four citrus varieties in 25 regions of Florida from 1992 to 2005. The results show smooth “S”-shaped yield curves of Florida citrus. This analysis offers yield function of citrus as the first step for statistical modeling of the risks associated with citrus cancers aimed at pricing insurance rates.
Tipo: Conference Paper or Presentation Palavras-chave: Yield function; Citrus; Hyperbolic tangent; Insurance; Spatial autoregressive; Demand and Price Analysis.
Ano: 2007 URL: http://purl.umn.edu/9876
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Agricultural Insurance as an Environmental Policy Tool AgEcon
Coble, Keith H.; Hanson, Terrill R.; Miller, J. Corey; Shaik, Saleem.
This paper examines the possibility that insurance for row crops, livestock, and aquaculture can be used effectively to encourage producers to adopt practices that will improve environmental behavior. Examples of agricultural environmental insurance are provided and considered in the context of alternative policy mechanisms. The current state of agricultural insurance and the nonagricultural environmental insurance market are explored. We also lay out the characteristics of an insurable risk along with the theoretical basis of insurance provision. An empirical example of an environmental insurance design is provided, and the behavioral implications of such a design are examined. Finally, we discuss important considerations that should be evaluated...
Tipo: Journal Article Palavras-chave: Environment; Insurance; Liability; D81; G22; H23; K13; Q18.
Ano: 2003 URL: http://purl.umn.edu/43214
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Agricultural Insurances Based on Meteorological Indices: Realizations, Methods and Research Agenda AgEcon
Leblois, Antoine; Quirion, Philippe.
In many low-income countries, agriculture is mostly rain-fed and yields highly depend on climatic factors. Furthermore, farmers have little access to traditional crop insurance, which suffers from high information asymmetry and transaction costs. Insurances based on meteorological indices could fill this gap since they do not face such drawbacks. However their implementation has been slow so far. In this article, we first describe the most advanced projects that have taken place in developing countries using these types of crop insurances. We then describe the methodology that has been used to design such projects, in order to choose the meteorological index, the indemnity schedule and the insurance premium. We finally draw an agenda for research in...
Tipo: Working or Discussion Paper Palavras-chave: Agriculture; Insurance; Climatic Risk; Environmental Economics and Policy; G21; O12; Q12; Q18; Q54.
Ano: 2010 URL: http://purl.umn.edu/91004
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An Analysis of an Alliance: NAFTA Trucking and the US Insurance Industry AgEcon
Condon, Bradly; Sinha, Tapen.
In the NAFTA, the United States agreed to phase out restrictions on the operation of Mexican trucking companies in the United States. When the deadlines came, the Clinton Administration chose to maintain the restrictions. Following a NAFTA panel ruling against the United States, the Bush Administration announced it would remove the restrictions. The decision has met with opposition from both truckers and insurers in the United States, who cite safety concerns. This article examines the economic, political and legal forces at work in this debate, as well as the relationship between the NAFTA and WTO rules on trade in services that apply.
Tipo: Journal Article Palavras-chave: NAFTA; Insurance; Trucking; WTO; International Relations/Trade.
Ano: 2001 URL: http://purl.umn.edu/23873
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An Insurance Approach to Risk Management in the Ethanol Industry AgEcon
Paulson, Nicholas D.; Babcock, Bruce A.; Hart, Chad E.; Hayes, Dermot J..
The vast majority of crop and revenue insurance policies sold in the United States are single-crop policies that insure against low yields or revenues for each crop grown on the farm. But, increasingly, producer income is based more on the value of crops that have been converted into a value-added product such as ethanol. Moreover, the recent increases in energy and com-modity price levels and volatilities emphasize the importance of risk management to ethanol investors. This paper uses an insurance approach to outline a risk management tool which mimics the gross margin level of a typical corn-based ethanol plant. The gross margin, pre-mium, and indemnity levels are calculated on a per bushel basis to enable producers/investors to utilize the product...
Tipo: Journal Article Palavras-chave: Corn-based ethanol; Insurance; Risk management; Correlation; Monte Carlo; Resource /Energy Economics and Policy; Risk and Uncertainty.
Ano: 2008 URL: http://purl.umn.edu/44738
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Are Our Agricultural Risk Management Tools Adequate for a New Era? AgEcon
Barnett, Barry J.; Coble, Keith H..
Tipo: Journal Article Palavras-chave: Risk; Commodity programs; Insurance; Agricultural Finance; Risk and Uncertainty; D80; G11; Q18.
Ano: 2008 URL: http://purl.umn.edu/94700
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Basis Risk and Weather Hedging Effectiveness AgEcon
Woodard, Joshua D.; Garcia, Philip.
Basis risk has been cited as a primary concern for implementing weather hedges. This study investigates several dimensions of weather basis risk for the U.S. corn market at various levels of aggregation. The results suggest that while the degree of geographic basis risk may be significant in some instances, it should not preclude the use of geographic cross-hedging. In addition, the degree to which geographic basis risk impedes effective hedging diminishes as the level of spatial aggregation increases. In fact, geographic basis risk is actually negative in the case most representative of a reinsurance hedge, and the reduction in risk from employing straightforward temperature derivatives is significant. Finally, precipitation hedges are found to introduce...
Tipo: Conference Paper or Presentation Palavras-chave: Weather Derivatives; Basis Risk; Spatial Aggregation; Insurance; Hedging Effectiveness; Agricultural Finance; Marketing; Risk and Uncertainty.
Ano: 2007 URL: http://purl.umn.edu/9254
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Cálculo del costo de la prima de un seguro contra caída del precio de maíz blanco: Caso Sinaloa. Colegio de Postgraduados
Rivera Silva, Ana Laura.
El presente trabajo compara el costo total de una póliza de seguros para la caída de precios del maíz blanco de Sinaloa contra el costo de la cobertura simple ofrecida por ASERCA. El comportamiento sistemático de los precios fue modelado con un modelo autorregresivo, mientras que la parte aleatoria fue manejada por un ajuste de una distribución de Laplace a los residuales. Los resultados muestran que la prima del seguro por tonelada es al menos tan buena como la prima para ofrecida para la cobertura de ASERCA. El diferencial del costo y el hecho de que una póliza de seguro opera directamente en pesos; muestran que el seguro es una alternativa para la gestión de riesgos en los precios del maíz, con una menor carga a los contribuyentes. _______________...
Palavras-chave: ASERCA; Cobertura; Distribución Laplace; Maíz; Prima; Seguro; Hedging; Insurance; Laplace distribution; Premium; Maestría; Economía.
Ano: 2010 URL: http://hdl.handle.net/10521/196
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Cálculo del costo de la prima de un seguro contra caída del precio de maíz blanco: Caso Sinaloa. Colegio de Postgraduados
Rivera Silva, Ana Laura.
El presente trabajo compara el costo total de una póliza de seguros para la caída de precios del maíz blanco de Sinaloa contra el costo de la cobertura simple ofrecida por ASERCA. El comportamiento sistemático de los precios fue modelado con un modelo autorregresivo, mientras que la parte aleatoria fue manejada por un ajuste de una distribución de Laplace a los residuales. Los resultados muestran que la prima del seguro por tonelada es al menos tan buena como la prima para ofrecida para la cobertura de ASERCA. El diferencial del costo y el hecho de que una póliza de seguro opera directamente en pesos; muestran que el seguro es una alternativa para la gestión de riesgos en los precios del maíz, con una menor carga a los contribuyentes. _______________...
Palavras-chave: ASERCA; Cobertura; Distribución Laplace; Maíz; Prima; Seguro; Hedging; Insurance; Laplace distribution; Premium; Maestría; Economía.
Ano: 2010 URL: http://hdl.handle.net/10521/196
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Can Permanence Be Insured? Consideration of Some Technical and Practical Issues of Insuring Carbon Credits from Afforestation and Reforestation AgEcon
Wong, Jenny L.P.; Dutschke, Michael.
Greenhouse gas (GHG) removals by afforestation and reforestation project activities under the Kyoto Protocol's Clean Development Mechanism (CDM) are vulnerable to a variety of risks and uncertainties, resulting in the partial or total reversal of such removals. Hence, GHG removals from these sink activities are considered to be of temporary nature and non-permanent. Specific modalities related to non-permanence will need to be developed in order to include afforestation and reforestation project activities under the CDM and for a decision on modalities to be reached at COP 9 in December 2003. Two main options on how to address non-permanence have been proposed, these being temporary credits and insurance of emission reduction credits. This paper discusses...
Tipo: Working or Discussion Paper Palavras-chave: Clean Development Mechanism; Forestry; Insurance; Permanence; Environmental Economics and Policy; Q23; Q25; Q13.
Ano: 2003 URL: http://purl.umn.edu/26270
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Can Risk Reducing Policies Reduce Farmer's Risk and Improve Their Welfare? AgEcon
Anton, Jesus; Giner, Celine.
This paper develops an analytical model able to represent the decisions of an individual risk averse farmer facing variability in both prices and yields. A comprehensive set of stylised risk reducing policy measures is represented. A calibration of the model is used to run Monte-Carlo simulations and to obtain optimal responses. The main focus is the interaction between policy measures and market strategies in terms of impacts on production, welfare and risk. Risk reducing strategies that cover different sources of risk, such as price and yield variability, may be complementary for the farmers. Counter-cyclical area payments create incentives to bring land into production and their capacity to reduce farming risk is mitigated by the potential crowding out...
Tipo: Conference Paper or Presentation Palavras-chave: Risk; Welfare; Policy; Insurance; Counter-cyclical; Agricultural and Food Policy; Risk and Uncertainty; D81; Q12.
Ano: 2005 URL: http://purl.umn.edu/24578
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Current factors of insurance in agriculture AgEcon
Bokusheva, Raushan; Heidelbach, Olaf.
This discussion paper is our response to numerous questions and the desire of our counterparts from the CIS countries to receive more up-to-date information about insurance in agriculture. Accordingly, we have tried to shed light on the main aspects of insurance as one tool of risk management in agriculture. Thus, our purpose is to give the reader information on principles and potential of insurance, its main problems and possible solutions. Additionally, this paper provides a comparative overview of the presently most widespread insurance schemes.
Tipo: Working or Discussion Paper Palavras-chave: Risiko; Versicherung; Versicherungsprodukte; Landwirtschaft; Risk; Insurance; Insurance schemes; Agriculture; Слова: риск; Страхование; Страховые схемы; Сельское хозяйство.; Agribusiness; Farm Management; Industrial Organization; International Development; Risk and Uncertainty; G22; Q14; D82.
Ano: 2004 URL: http://purl.umn.edu/92167
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Dealing with flood damages: will prevention, mitigation, and ex post compensation provide for a resilient triangle? Ecology and Society
Suykens, Cathy; Institute for Environmental and Energy Law, KU Leuven; Utrecht Centre for Water, Oceans and Sustainability Law, Utrecht University; c.b.r.suykens@uu.nl; Priest, Sally J; Flood Hazard Research Centre, Middlesex University; s.priest@mdx.ac.uk; van Doorn-Hoekveld, Willemijn J; Utrecht Centre for Water, Oceans and Sustainability Law, Utrecht University; w.j.hoekveld@uu.nl; Thuillier, Thomas; Laboratory for Studies and Researches on Public Action, Université François-Rabelais (Tours); tthuillier@univ-tours.fr; van Rijswick, Marleen; Utrecht Centre for Water, Oceans and Sustainability Law, Utrecht University; H.vanRijswick@uu.nl.
There is a wealth of literature on the design of ex post compensation mechanisms for natural disasters. However, more research needs to be done on the manner in which these mechanisms could steer citizens toward adopting individual-level preventive and protection measures in the face of flood risks. We have provided a comparative legal analysis of the financial compensation mechanisms following floods, be it through insurance, public funds, or a combination of both, with an empirical focus on Belgium, the Netherlands, England, and France. Similarities and differences between the methods in which these compensation mechanisms for flood damages enhance resilience were analyzed. The comparative analysis especially focused on the link between the recovery...
Tipo: Peer-Reviewed Reports Palavras-chave: Adaptive building; Compensation; Flood mitigation; Flood risk governance; Flood risk prevention; Insurance; Recovery; Resilience.
Ano: 2016
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Determinants of Participation in a Catastrophe Insurance Programme: Empirical Evidence from a Developing Country AgEcon
Akter, Sonia; Brouwer, Roy; Chowdhury, Saria; Aziz, Salina.
The paper presents empirical evidence of the determinants of catastrophe insurance participation in one of the poorest and most disaster prone countries in the world. In a large-scale household survey carried out in 2006 we ask 3,000 residents in six different districts in Bangladesh facing various environmental risk exposure levels about their willingness to participate in a catastrophe insurance programme. Combining factors put forward in risk theory and economics, we estimate a model of insurance participation. We show that the household decision to participate in the insurance programme differs depending on both exogenous and endogenous risk exposure levels. As predicted by micro-economic theory, ability to pay, measured in terms of household income...
Tipo: Conference Paper or Presentation Palavras-chave: Natural disasters; Catastrophe; Insurance; Participation; Risk; Bangladesh; Consumer/Household Economics; Environmental Economics and Policy; International Development; Risk and Uncertainty; Q54.
Ano: 2008 URL: http://purl.umn.edu/5984
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Direct payments, crop insurance and the volatility of farm income. Some evidence in France and in Italy AgEcon
Enjolras, Geoffroy; Capitanio, Fabian; Aubert, Magali; Adinolfi, Felice.
Volatility of farm income represents a major challenge for farm management and the design of public policies. This paper measures the extent to which risk management tools, especially direct payments and crop insurance, can significantly reduce crop income volatility in France and in Italy. We use an original dataset of 9,555 farms for the period 2003-2007 drawn up from the Farm Accountancy Data Network (FADN) and three different econometric models to explain the volatility of crop income. The results are contrasted between the specialization of the farms and the two countries: Italian farms use management tools (CAP payments and crop insurance) so as to improve their income and to reduce its volatility (crop insurance, inputs). French farms use the same...
Tipo: Presentation Palavras-chave: Volatility; Direct payments; Insurance; France; Italy; FADN; Risk and Uncertainty; G22; Q14; Q18.
Ano: 2012 URL: http://purl.umn.edu/122478
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Effectiveness of information communication technology in rural insurance AgEcon
Thamodaran, Varadaraju; Ramesh, Mahalingam.
Information and communications technologies are a device set of technological tools and resources used to communicate rural people about to disseminate awareness, create interest and to stimulate enroll intentions of insurance. It has enabled countries to leapfrog traditional modes of service delivery and make manifold improvements in process effectiveness and efficiency. Widespread adoption and application of information communication technology across the different fields of society and the economy is presently considered to be the key factor behind boosting competitiveness and developing an informed society. In general, information communication technology and its tools that people use to share, distribute, information gathering and to communicate with...
Tipo: Journal Article Palavras-chave: Insurance; ICT; Effectiveness; Rural people; Media.; Agricultural Finance; M17.
Ano: 2010 URL: http://purl.umn.edu/96026
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Effects of Private Insurance on Forest Landowners' Incentives to Sequester and Trade Carbon under Uncertainty: Impact of Hurricanes AgEcon
Grover, Mansi; Bosch, Darrell J.; Preisley, Stephen P..
We evaluate incentives of forest landowners for sequestering and trading carbon, given the risk of carbon loss from hurricanes, and an opportunity to insure their losses. Results of simulation model reveal that the effect of hurricane risk depends on the variability of returns from carbon and timber and landowners' ability to mitigate risk by diversifying forest holdings across regions or transferring risk by purchasing insurance.
Tipo: Conference Paper or Presentation Palavras-chave: Carbon Sequestration; Emissions Trading; Natural Disaster; Risk; Insurance; Risk and Uncertainty; Q54; Q58.
Ano: 2005 URL: http://purl.umn.edu/19516
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Efficiency of Selected Risk Management Instruments - An Empirical Analysis of Risk Reduction in Kazakhstani Crop Production AgEcon
Heidelbach, Olaf.
Recent academic discussion regarding crop insurance in developing and transition countries has focused on weather index insurance. But empirical analyses of such schemes based on farm level data cannot be found in the literature, though this insurance type shows clear advantages compared to multiple-peril crop insurance and revenue insurance. Recent empirical applications of risk and stochastic programming models focus on the optimisation of production planning, while literature on the effects of crop insurance on the farm level mainly focuses on the empirical investigation of reductions in farm income variance. The novelty of this paper is that it integrates regionally-adapted insurance products and expert-evaluated technology choices into a programming...
Tipo: Conference Paper or Presentation Palavras-chave: Risk; Risk management; Insurance; Agriculture; Kazakhstan; Crop Production/Industries; Risk and Uncertainty; Q12; Q14; G22; D82.
Ano: 2006 URL: http://purl.umn.edu/25243
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El seguro escolar gratuito y el seguro materno infantil: análisis de su incidencia e impacto sobre el acceso a los servicios de salud y sobre la equidad en el acceso AgEcon
Jaramillo, Miguel; Parodi, Sandro.
A fines de la década pasada el gobierno peruano implementó dos seguros públicos para mejorar el acceso a los servicios de salud de las mujeres y de los niños más pobres de la población: el Seguro Escolar Gratuito (SEG) y el Seguro Materno Infantil (SMI). Según la teoría, dichos seguros deberían haber contribuido a disminuir las barreras de acceso a los servicios de salud, redistribuyendo recursos hacia los más pobres, e induciendo, por lo tanto, a una mejora en la equidad. El presente estudio intenta establecer si este objetivo logró concretarse en la realidad. Un primer nivel de análisis encuentra que la implementación de los seguros tuvo un efecto positivo sobre la cobertura ante los riesgos de salud y que tanto el SEG como el SMI se convirtieron en las...
Tipo: Working or Discussion Paper Palavras-chave: Seguros; Servicios de salud; Seguro escolar; Salud maternoinfantil; Perú; Insurance; Health services; School insurance; Maternal and child health; Peru; Health Economics and Policy; G22; I1.
Ano: 2004 URL: http://purl.umn.edu/37732
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Excluded Losses and the Demand for Insurance (PowerPoint) AgEcon
Meyer, Donald J.; Meyer, Jack.
Tipo: Conference Paper or Presentation Palavras-chave: Risk; Insurance; Decision-making; Risk and Uncertainty; D81.
Ano: 2009 URL: http://purl.umn.edu/48907
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