Climate Effects on Rainfall Index Insurance Purchase Decisions

Rainfall Index insurance is a pilot insurance product offered to producers of hay and pasture in 9 states. This analysis examines the expected payoff of the RI insurance for bi-monthly periods based on rainfall shortage probabilities in alternative climate phases. Differences in expected returns indicate that selection of ENSO-specific optimal intervals may result in higher returns than those based on pooled rainfall series.

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Year of publication:	2008
Authors:	Novak, James L. ; Nadolnyak, Denis A.
Institutions:	Southern Agricultural Economics Association - SAEA
Subject:	rainfall insurance \| ENSO \| expected indemnity \| Production Economics \| Risk and Uncertainty

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Extent:	application/pdf
Series:	2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia Number 46834
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005798616