Data/hora: 10/06/2024 02:42:48

Provedor de dados: | 31
País: | United States
Título: | Does Crop Insurance Reduce the Need for Cash Reserves in Savings Accounts?
Autores: | Raulston,   J. Marc; Richardson,   James W.; Outlaw,   Joe L.; Knapek,   George M.
Data: | 2010-01-14
Ano: | 2010
Palavras-chave: | Crop Insurance; Multiple Peril Crop Insurance; Crop Revenue Coverage; Stochastic Simulation; Representative Farm; Agricultural and Food Policy; Farm Management; Risk and Uncertainty.
Resumo: | One of the most fundamental and traditional risk management tools available to agricultural producers is a savings account. Cash reserves in savings provide a safety net for producers, allowing financial obligations and living expenses to be met when unexpected shortfalls in income occur. Crop insurance, another risk management tool, likely reduces the cash reserves required to be held in savings as it aids in mitigating risks ranging from total disasters to uncertainties in market conditions.  This study utilizes a stochastic farm level simulation model in a representative farm framework to evaluate the impacts of alternative crop insurance scenarios on levels of savings necessary to maintain target ending cash reserve numbers for producers in major production areas of the Southern United States.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês
Identificador: | http://purl.umn.edu/56413

Relação:

Southern Agricultural Economics Association&gt;2010 Annual Meeting, February 6-9, 2010, Orlando, Florida

Selected Paper

Formato: | 11