This study compares the effectiveness of two crop insurance plans: an individual farm-yield measurement similar to the current Federal Crop Insurance Corporation multi-peril program and an area-yield measurement method. These methods are examined for reduction in yield and gross farm income...

Six rotations, four of which include a sequence of wheat followed immediately after harvest by double-cropped soybeans, are evaluated with the option of participating in the government commodity program. Stochastic dominance analysis is used to evaluate these rotations for net return risk....

Concerns about the drought of 1988 continuing on into 1989 have lead to increased interest in the use of crop insurance to mitigate the effects of low yields on farm income. This paper analyzes the selection of crop insurance yield guarantee levels and indemnity prices based on risk preferences...

The marginal benefit and cost of diversification for Florida orange producers is studied using certainty equivalents. The primary contribution of this study is the application of the mean-variance model to farm management decisions. Results indicate that for moderate and high levels of risk...

A mathematical programming model with estimated nonlinear water response functions is used to explore the allocation of limited ground water to flood irrigated corn, flood-irrigated grain sorghum, and dryland sorghum in western Kansas. Results suggest that as ground water availability decreases,...