Awondo, Sebastain N.; Datta, Gauri S.; Ramirez, Octavio A. - Southern Agricultural Economics Association - SAEA - 2013
The magnitude of basis risk between Actual Production History (APH) and Group Risk Plan (GRP) contracts across corn farms in Illinois counties is estimated using pseudo-simulated yields with farm specific geospatial climate data. A two-step hierarchical Bayes small area estimator was used to...