Considerable disagreement exists about the most appropriate characterization of farm-level yield distributions. Yet, the economic importance of alternate yield distribution specifications on insurance valuation, product designs and farm-level risk management has not been investigated or...

This research examines risk-return tradeoffs across a full range of crop insurance products and coverage levels. Results indicate that farm-level products reduce risk for low probability events, but that risk reductions often are not large for events that occur with more regularity. Risk...

Purpose – This study seeks to evaluate the impacts of land rental arrangements on crop insurance and grain marketing decisions. Design/methodology/approach – The analysis is conducted in an Illinois corn‐soybean setting in which optimal marketing and crop insurance decisions are estimated...

This study evaluates the impacts on gross revenue distributions of the use of alternative crop insurance products across different coverage levels and across locations with differing yield risks. Results are presented in terms of net costs, values‐at‐risk, and certainty equivalent returns...

Utilizing survey data from corn and soybean farmers in the Midwest, this study assess the relative importance of different features of crop insurance products. Conjoint analysis results indicate that farmers' preferences for flexibility dominate both type of insurance and coverage level. Revenue...

Farmers' decisions to purchase crop insurance and their choices among alternative products are analyzed using a two-stage estimation procedure. The influences of risk perceptions, competing risk management options, as well structural and demographic differences are evaluated. The likelihood for...