| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Evaluating Crop and Revenue Insurance Products as Risk Management Tools for Texas Cotton Producers
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| Autores: |
Field, James E.
Misra, Sukant K.
Ramirez, Octavio A.
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| Data: |
2008-06-19
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| Ano: |
2003
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| Palavras-chave: |
Cotton
Crop insurance
Multivariate nonnormal parametric modeling
Stochastic dominance
C5
Q1
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| Resumo: |
This paper develops and illustrates the application of a procedure to evaluate and compare the cost effectiveness of alternative crop insurance products for cotton in terms of their effect on expected producer net returns and the variation of net returns. Farm unit-level cotton yields and state-level price distributions are estimated by a multivariate nonnormal parametric modeling procedure and used to simulate the net returns to alternative crop insurance products over a 10-year planning horizon. The ranking of alternative insurance products using third-degree stochastic dominance is presented for Texas cotton producers.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/37314
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| Relação: |
Journal of Agricultural and Applied Economics>Volume 35, Number 01, April 2003
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| Formato: |
14
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