This paper studies the application of the Conditional Value-at-Risk (CVaR) in the crop insurance industry under climate variability. We designed a model to help farmers decide about buying crop insurance products to reduce climate and price risks. The objective is to minimize farmers' return...

This study illustrates the potential synergies and conflicts of interest between farmers and insurers in the selection of an optimal crop insurance contract. Special attention is given to how climate information influences this decision‐making process. To do so, we consider a representative 40...

The US dairy sector is facing structural changes including a geographical shift in dairy production and a tendency toward the implementation of more intensive production systems. These changes might significantly affect farm efficiency, profitability, and the long-term economic sustainability of...