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| Registros recuperados: 14 | |
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| Makki, Shiva S.; Somwaru, Agapi. |
| This report analyzes farmers' choice of crop insurance contracts and tests for the presence of asymmetric information in the market for multiple yield and revenue insurance products. Farmers' risk characteristics, their level of income, and the cost of insurance significantly affect their choices of yield and revenue insurance products as well as their selections of alternative coverage levels. Empirical analysis indicates that, in the presence of asymmetric information, high-risk farmers are more likely to select revenue insurance contracts and higher coverage levels. The results also indicate that premium rates do not accurately reflect the likelihood of losses, implying asymmetrical information in the crop insurance market. |
| Tipo: Report |
Palavras-chave: Asymmetric information; Adverse selection; Crop insurance; Revenue insurance; Risk management; Risk and Uncertainty. |
| Ano: 2001 |
URL: http://purl.umn.edu/33587 |
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| Seo, Sangtaek; Mitchell, Paul D.; Leatham, David J.. |
| We analyze the effects of crop insurance and the Marketing Loan Program on optimal nitrogen use and acreage allocation for a case cotton-sorghum farm in Texas. A mathematical programming model is used to solve for the optimal nitrogen fertilizer rate, crop acreage allocation, coverage level, and price election factor, along with participation in the crop insurance and the Marketing Loan Program for both crops. Results show that depending on the crop and farmer risk aversion, these federal risk management programs increase or decrease optimal fertilizer rates-6% to 3%, increase optimal cotton acreage 94% to 144%, and decrease sorghum acres up to 50%. |
| Tipo: Journal Article |
Palavras-chave: Crop insurance; Extensive margin; Intensive margin; Loan deficiency payments; Revenue insurance; Q12; Q18. |
| Ano: 2005 |
URL: http://purl.umn.edu/43503 |
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| Estavillo, Julio; Aguado, Salomon; Bielza, Maria; Garrido, Alberto; Sumpsi, Jose Maria. |
| En 2003 y 2004, se ofreció por primera vez en España un seguro que protege contra la caída de precios en origen de un producto agrícola. Se trata de un seguro de rentas lanzado con carácter piloto para las producciones de patata de media estación y patata tardía en cinco provincias españolas (Álava, Burgos, La Rioja, León y Valladolid). El objetivo de este trabajo es describir las características del seguro y realizar una evaluación preliminar de las campañas en que ha funcionado. Se parte de una aproximación conceptual a los instrumentos de gestión de riesgos de mercado, en cuyo contexto se enmarca el presente seguro. Posteriormente se explica el modelo de precios empleado para definir los precios de referencia del mercado y las primas, contrastando la... |
| Tipo: Journal Article |
Palavras-chave: Price risk; Agricultural insurance; Revenue insurance; Potato market; Crop Production/Industries. |
| Ano: 2005 |
URL: http://purl.umn.edu/28767 |
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| Bielza, Maria; Garrido, Alberto; Sumpsi, Jose Maria. |
| RESUMEN: En este artículo se analizan un conjunto de políticas de estabilización de los ingresos de los productores olivareros españoles, entre las que se incluyen seguros de rendimientos e ingresos. En teoría y bajo ciertos supuestos, la estabilización de los ingresos con un seguro de ingresos se puede lograr a un coste inferior al uso combinado de seguros de rendimientos y un seguro de precios. Tras revisar algunas experiencias con seguros de ingresos, se desarrolla una aplicación para comparar, desde la doble perspectiva de eficacia en el gasto público y de reducción de riesgos, distintas políticas de intervención en el sector olivarero, incluyendo las de los pagos actuales, ayuda al árbol, seguro de rendimientos actual y un seguro de ingresos. Los... |
| Tipo: Journal Article |
Palavras-chave: Agricultural insurance; Revenue insurance; Agricultural policy; Farm Management; Risk and Uncertainty; Q18; Q10. |
| Ano: 2002 |
URL: http://purl.umn.edu/28753 |
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| Dhuyvetter, Kevin C.; Kastens, Terry L.. |
| The impact pre-harvest hedging and crop insurance strategies have on expected revenue and associated risk as well as how producers' risk attitudes affect optimal strategies was analyzed for Kansas wheat farms. No insurance, Catastrophic (CAT), Actual Production History (APH), and Crop Revenue Coverage (CRC) were considered. Average revenue was similar across alternatives, but APH and CRC resulted in the least income variability. Risk reduction effects of hedging were small and the advantage of CRC over APH decreases as hedging increases. This historical study provides useful information; however, if future market conditions differ significantly from the past, optimal strategies may change. |
| Tipo: Journal Article |
Palavras-chave: Crop insurance; Hedging; Revenue insurance; Risk management; Marketing; Risk and Uncertainty. |
| Ano: 1999 |
URL: http://purl.umn.edu/15133 |
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| Harwood, Joy L.; Heifner, Richard G.; Coble, Keith H.; Perry, Janet E.; Somwaru, Agapi. |
| The risks confronted by grain and cotton farmers are of particular interest, given the changing role of the Government after passage of the 1996 Farm Act. With the shift toward less government intervention in the post-1996 Farm Act environment, a more sophisticated understanding of risk and risk management is important to help producers make better decisions in risky situations and to assist policymakers in assessing the effectiveness of different types of risk protection tools. In response, this report provides a rigorous, yet accessible, description of risk and risk management tools and strategies at the farm level. It also provides never-before-published data on farmers' assessments of the risks they face, their use of alternative risk management... |
| Tipo: Report |
Palavras-chave: Crop insurance; Diversification; Futures contracts; Leasing; Leveraging; Liquidity; Livestock insurance; Marketing contracts; Options contracts; Production contracts; Revenue insurance; Risk; Vertical integration; Farm Management; Risk and Uncertainty. |
| Ano: 1999 |
URL: http://purl.umn.edu/34081 |
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| Saak, Alexander E.. |
| This note provides two results pertaining to the pricing of agricultural revenue insurance contracts under joint price and yield risk. First, a weakening of the concordance ordering is used to sign the effect of greater dependence between the multiplicative risks (price and yield) on the expected indemnity payment. Second, sufficient conditions are found when the premium rate for revenue insurance is smaller (greater) than the premium for the corresponding single risk (price or yield) insurance. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Concordance order; Revenue insurance; Risk and Uncertainty. |
| Ano: 2004 |
URL: http://purl.umn.edu/18324 |
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| Bielza, Maria; Garrido, Alberto; Sumpsi, Jose Maria. |
| Various forms of revenue insurance have been applied in Canada and in the US with relative success. In this paper different combinations of traditional agricultural policies and revenue and yield insurance are analysed for the Spanish olive oil sector. Taking a database containing about half million Spanish olive growers during 8 campaigns, five possible policies are studied and the results are examined according to different criteria including average revenue and its variability, growers utility gains, taxpayers cost and the transfer efficiency of support. The policies analysed are: (1) non-intervention; (2) the policy currently in force in Spain that combines a production aid with a yield insurance; (3) a revenue insurance, only; (4) revenue insurance... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural policy; Revenue insurance; Olive oil sector; Risk and Uncertainty. |
| Ano: 2002 |
URL: http://purl.umn.edu/24842 |
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| Coble, Keith H.. |
| Producer and other interest groups are beginning to consider farm policy positions in anticipation of hearings and possible serious farm bill debates during late 2006 and 2007. An idea gaining attention and support among some groups is deemphasizing or eliminating the current commodity "price" programs (loan deficiency payments and counter-cyclical payments) and replacing them with programs based on "revenue insurance" designs. Suggested designs include a multi-tiered farm payment program based on individual revenue guarantees and shortfalls in county revenue. Another example of such an alternative design is a whole-farm revenue design that issues program payments when adjusted gross farm revenue falls below a historical five-year baseline. Interestingly,... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Farm policy; Revenue insurance; WTO; Agricultural and Food Policy. |
| Ano: 2006 |
URL: http://purl.umn.edu/15806 |
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| Barnett, Barry J.; Coble, Keith H.. |
| Federal policy-makers increasingly emphasize the Federal Crop Insurance Program as the primary federal risk management program for farmers. Farm leaders need to understand the underlying mechanics of insurance products if they are to effectively argue their interests and contribute constructively to future agricultural policy dialogue. Further they need to understand the unique circumstances created by the fact that the Federal Crop Insurance program functions as a public-private partnership between the U.S. government and private insurance companies. This manuscript describes both the fundamental features of insurance products and the political economy of the federal crop insurance program. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Crop insurance; Revenue insurance; Insurability criteria; Risk and Uncertainty. |
| Ano: 1999 |
URL: http://purl.umn.edu/15784 |
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| Registros recuperados: 14 | |
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