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...

Mechanization and technological advancement has been the cornerstone of agricultural prosperity in the United States and has served as a flagship to the rest of the world. Farm machinery and equipment sales for the three largest manufactures in 2011 reached nearly $60 billion and higher sales...

The first 50 years of the Federal crop insurance program were marked by low enrollment levels. To boost program participation, legislation in 1994 and 2000 increased premium subsidies. In the years since, the jump in enrollment coupled with high commodity prices caused significant increases in...

Economic research on decadal climate variability (DCV) is scarce. DCV refers to ocean-related climate influences of duration from seven to twenty years. The DCV phenomena and their phases are associated with variations in crop and water yields. This paper examines the value of DCV information in...

Next year, crop insurance guarantees likely will be lower than those for recent years. As a result, farmers will face more downside revenue risks. Revenue guarantees for crop insurance products will be below total costs of production

Farm Analysis Bulletins (FAB) are undertaken to provide a better understanding of Canadian agriculture at the farm level. Using data from various sources such as Census, Farm Financial Surveys (FFS), Taxfiler, NISA database, etc, FAB's provide information on farm situation as well as...