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Globally Flexible Modeling of County-Level Acreage Response for Primary U.S. Field Crops

Cooper, Joseph C.; Arnade, Carlos A. - Agricultural and Applied Economics Association - AAEA - 2011

This study takes the standard acreage response model that stems from an expected utility framework, accounting for both price and yield variability, and nests it within a flexible semi-nonparametric (SNP) model consistent with farm-level decision models for computationally tractable results. We...

Persistent link: https://www.econbiz.de/10009002471

USING BEST WORST SCALING TO INVESTIGATE PERCEPTIONS OF CONTROL AND CONCERN OVER FOOD AND NON-FOOD RISKS

Erdem, Seda; Rigby, Dan - Agricultural and Applied Economics Association - AAEA - 2010

-food risks. The means by which this is done is novel and differs from past risk perception analyses in that it asks people … the risk perceptions has 4 main foci concerning the relative assessment of (i) novel as opposed to more familiar risks (e … versus how worrying the risks are considered to be, (iv) differences in the risk perceptions across social groups, in this …

Persistent link: https://www.econbiz.de/10009020397

More than Mean Effects: Modeling the Effect of Climate on the Higher Order Moments of Crop Yields

Tack, Jesse B.; Harri, Ardian; Coble, Keith H. - Agricultural and Applied Economics Association - AAEA - 2012

The objective of this article is to propose the use of moment functions and maximum entropy techniques as a flexible way to estimate conditional crop yield distributions. We present a moment based model that extends previous approaches in several dimensions, and can be easily estimated using...

Persistent link: https://www.econbiz.de/10010916419

TOWARDS MEASURING PRODUCER WELFARE UNDER OUTPUT PRICE UNCERTAINTY AND RISK NON-NEUTRALITY

Bullock, David S.; Shin, Kie-Yup; Garcia, Philip - Agricultural and Applied Economics Association - AAEA - 1999

We combine theory with numerical integration methods to show that for any form of uncompensated supply, compensating variation of a change in higher moments of an output price distribution can be numerically derived.

Persistent link: https://www.econbiz.de/10005494077

A TWO-STAGE MODEL OF THE DEMAND FOR SPECIALTY CROP INSURANCE

Knox, Lyle; Richards, Timothy J. - Agricultural and Applied Economics Association - AAEA - 1999

Legislators are considering raising catastrophic (CAT 50% coverage) crop insurance premiums. However, estimates of a two-stage coverage-choice and participation model using county-level data from California grape growers show that the demand for CAT insurance is price-elastic, therefore, premium...

Persistent link: https://www.econbiz.de/10005806434

Optimal Coverage Level Choice with Individual and Area Plans of Insurance

Bulut, Harun; Collins, Keith J.; Zacharias, Thomas P. - Agricultural and Applied Economics Association - AAEA - 2011

We theoretically examine a farmer’s coverage demand with area and individual insurance plans as either separate or integrated options. The individual and area losses are assumed to be imperfectly and positively correlated. With actuarially fair rates, the farmer will fully insure with the...

Persistent link: https://www.econbiz.de/10009002509

Measurement of Yield distribution: A Time-Varying Distribution Model

Yang, Tsung Yu - Agricultural and Applied Economics Association - AAEA - 2011

to the risk management is the yield risk may be underestimated under the common selection -- Beta distribution. A mixed …

Persistent link: https://www.econbiz.de/10009021224

An Application of Kernel Density Estimation via Diffusion to Group Yield Insurance

Ramsey, Ford - Agricultural and Applied Economics Association - AAEA - 2014

The recent priority given to Federal Crop Insurance as an agricultural policy instrument has increased the importance of rate making procedures. Actuarial soundness requires rates that are actuarially fair: the premium is set equal to expected loss. Formation of this expectation depends, in the...

Persistent link: https://www.econbiz.de/10011069037

Is Government Involvement Really Necessary: Implications for Systemic Risk and Crop Reinsurance Contracts

Feng, Xiaoguang; Hayes, Dermot - Agricultural and Applied Economics Association - AAEA - 2014

Persistent link: https://www.econbiz.de/10010936968

The Effect of Climate on Crop Insurance Premium Rates and Producer Subsidies

Tack, Jesse B. - Agricultural and Applied Economics Association - AAEA - 2013

temperature on premium rates and subsidies for the Group Risk Plan. We found a statistically significant increase in rates, which …

Persistent link: https://www.econbiz.de/10010916075