Data/hora: 11/06/2024 05:49:38

Provedor de dados: | 31
País: | United States
Título: | Risk-Reducing Effectiveness of Revenue versus Yield Insurance in the Presence of Government Payments
Autores: | Vedenov,   Dmitry V.; Power,   Gabriel J.
Data: | 2009-01-22
Ano: | 2008
Palavras-chave: | Copulas; Crop insurance; Farm bill; Government payments; Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Q14; Q18.
Resumo: | Government farm support programs such as Loan Deficiency Payments (LDP) and Counter-Cyclical Payments (CCP) have payoff structures that effectively make them costless price insurance instruments. A combination of these payments with yield insurance may provide a viable alternative to revenue insurance. This paper finds that, contrary to expectations, the revenue product analyzed is uniformly superior to yield insurance under both current (2002) and proposed (2008) Farm Bill structures of government payments. Given minor adjustments, however, yield insurance combined with government payments can provide more effective risk management than revenue insurance in production areas with low yield–price correlation.
Tipo: | Journal Article
Idioma: | Inglês
Identificador: | http://purl.umn.edu/46982
Relação: | Journal of Agricultural and Applied Economics&gt;Volume 40, Number 02, August 2008
Formato: | 17