This study analyzes the potential synergies and conflicts of interest between farmers and insurers in the selection of an optimal crop insurance contract. Special attention is given to how climate information influences this decision-making process. To do so, we consider a representative 40...

This paper studies the application of the Conditional Value-at-Risk (CVaR) in the crop insurance industry under climate variability. We designed a model to help farmers decide about buying crop insurance products to reduce climate and price risks. The objective is to minimize farmers' return...

Dairy farmers are faced with tremendous and increasing volatility, both in terms of milk prices, and the costs of purchased feed. There is a new weapon in the risk management arsenal of U.S. dairy producers: the Livestock Gross Margin for Dairy (LGM-Dairy) insurance program controls for lower...

This study illustrates the potential synergies and conflicts of interest between farmers and insurers in the selection of an optimal crop insurance contract. Special attention is given to how climate information influences this decision‐making process. To do so, we consider a representative 40...

The US dairy sector is facing structural changes including a geographical shift in dairy production and a tendency toward the implementation of more intensive production systems. These changes might significantly affect farm efficiency, profitability, and the long-term economic sustainability of...