Utilizing ordered logit we examine the presence of two kinds of asymmetric information-adverse selection (intertemporal variability) and moral hazard (interspatial and/or residual variability) as revealed by the choice of optional units in Federal crop insurance utilizing Risk Management...

Using trout producer survey data and the contingent valuation method, we estimate willing-ness to pay for a potential insurance policy. The survey was conducted in 2005 across the United States; 268 producers completed the survey instrument, resulting in a response rate of 81 percent. Design of...

The objective of this paper is to examine the potential impacts of crop insurance on farm economic structure using Nebraska county level data from 1980-1998. Using a profit function we fit input demand and output supply equations accounting for insurance premiums and indemnities to examine the...

This article demonstrates the importance of temporal-spatial yield, acreage and price risk apart from price in addressing the importance of optional unit provision in Federal crop insurance program. Specifically, based on 1998 U.S. cotton producers data, the demand for optional versus basic unit...

An over-parameterized statistical yield-switching-fraud model is developed. Over-parameterized procedures are reviewed. Five percent of 206,952 producers (thirteen percent in one state) have suspicious yield patterns, elect higher coverage, and increase total multiple-unit indemnifications up to...

Past literature has examined the importance of farm programs on the volatility and returns on general and agriculture economic growth. The objective of this study was to assess the impact of farm program payments on technical efficiency. The study used aggregate state level panel data from the...

Using a non-parametric linear programming approach, our contribution is (1) to examine the impact of incorporating risk in efficiency analysis and (2) to compare the efficiency measures with and without risk for continuous and rotation cropping systems. The model uses Nebraska cropping system...

The objective of this paper is to examine the potential impacts of crop insurance on farm economic structure using Nebraska agriculture sector data from 1980-1997. We estimate the system of input demand (output supply) equations including policy premium (policy indemnity) in order to examine the...