Crop insurance provides risk reduction benefits yet may increase planted acres in risky areas. This paper investigates the relationship between environmental quality and crop insurance induced changes in cropping pattern. Results suggest that yield risk and soil erosion are positively correlated...

The primary objective of this research is to integrate various avenues of risk management to provide a unified risk management strategy for the Kentucky producer. In addition the optimal insurance purchasing behavior and the impact of moral hazard on the optimal decisions of producers across...

The 1996 Farm Act and the 1994 Crop Insurance Reform Act are recent examples of policy changes that have increased risks for U.S. farmers. New products are emerging to help farmers manage risks. This article examines some of the policy changes, farmer responses, and new risk-sharing products....

This study demonstrates how contingent valuation techniques can be used in a cost-benefit analysis of a food safety policy issue. The analysis focuses on banning a specific post harvest pesticide used in fresh grapefruit packinghouses. Benefits of the ban are measured using consumers' aggregated...

As one of the instrument to enhance the microfinance institution's self-sustainability, credit scoring models that have been widely used in formal financial institutions can be used in the practice of microfinance. The statistic model will be established and tested to realize that goal.

This article compares risk reduction from MPCI and GRP crop insurance contracts. The analysis extends and improves on the existing area-yield insurance literature in four important respects. First, the geographical scope greatly exceeds that of previous work. Second, unlike previous efforts, the...

The scale of loss from natural disasters in low-income countries often exceeds the resources of internal and external sources of relief funding. Catastrophe bonds offer the opportunity to transfer the risk of low-probability, high-loss events to the capital market where there is greater capacity...

Weather-based contingent claims typically rely on a cumulative index of the weather variable. Frequently, the index is weighted to reflect the importance of timing in a weather-production relationship. This article reviews alternative optimization methods and apply criteria for selecting among...

A specification search process is used to examine whether or not there are significant crop and region specific differences in factors that explain Federal Crop Insurance Program participation. Estimates of the price elasticity of demand for federal crop insurance are of particular importance.