Purpose – The purpose of this paper is to determine if there are positive microeconomic effects from a state‐funded loan participation program on farm productivity and investment behavior. Design/methodology/approach – The authors take the approach that access to credit solves a liquidity...

Purpose – The purpose of this paper is to explore the impact of the levels of inaccuracy associated with three different premium estimation methods, one of which attempts to mimic the protocol currently used by the Risk Management Agency (RMA), on the actuarial performance of the US crop...

Purpose – Farm level data are essential to accurate setting of crop insurance premium rates, but their time series tends to be too short to allow them to be the sole data source. County level data are available in longer time series, however. The purpose of this paper is to present a...

Purpose – The purpose of this paper is to examine a new insurance policy against natural disasters. Design/methodology/approach – The authors propose an optimisation model, which involves both the insurer and the farmer. The farmer decides to insure his farm if and only if insurance improves...

Purpose – The purpose of this article is to offer an introduction of the Agricultural Resource Management Survey (ARMS) for applied research in agricultural finance and farm management. Design/methodology/approach – This article provides a brief overview of the history, design, use, and...

Purpose – The purpose of this paper is to discuss opportunities to obtain more information from the Agricultural Resource Management Survey (ARMS). Specifically, the paper will explore the issue of survey nonresponse, the development of pseudo panels, and more frequent updating of cost of...