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Actuarial Fairness of Crop Insurance Rates with Constant Rate Relativities

Bruce A. Babcock, Chad E. Hart and Dermot J. Hayes.

in American Journal of Agricultural Economics

August 2004; p ublished online August 2004 .

Journal Article. Subjects: Agricultural Economics; Insurance. 6733 words.

Increased availability and demand for low-deductible crop insurance policies have increased focus on crop insurance rating methods. Actuarial fairness cannot be achieved if constant...

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Adverse Selection in Crop Insurance: Actuarial and Asymmetric Information Incentives

Richard E. Just, Linda Calvin and John Quiggin.

in American Journal of Agricultural Economics

November 1999; p ublished online November 1999 .

Journal Article. Subjects: Agricultural Economics; Insurance. 0 words.

Adverse selection is often blamed for crop insurance indemnities exceeding premiums plus subsidies. However, nationwide empirical evidence has been lacking or based on inadequate...

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Agricultural Decisions after Relaxing Credit and Risk Constraints

Dean Karlan, Robert Osei, Isaac Osei-Akoto and Christopher Udry.

in The Quarterly Journal of Economics

May 2014; p ublished online February 2014 .

Journal Article. Subjects: Economic Development; Design of Experiments; Production and Organizations; Agricultural Economics; Intertemporal Choice and Growth; Insurance. 19024 words.

The investment decisions of small-scale farmers in developing countries are conditioned by their financial environment. Binding credit market constraints and incomplete insurance can limit...

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Are U.S. Corn and Soybeans Becoming More Drought Tolerant?

Tian Yu and Bruce A. Babcock.

in American Journal of Agricultural Economics

October 2010; p ublished online October 2010 .

Journal Article. Subjects: Agricultural Economics; Insurance. 7739 words.

The hypothesis that corn and soybeans have become more drought tolerant is tested by regressing county yields on a drought index and time. Results indicate that corn yield losses from...

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Belief in Disaster Relief and the Demand for a Public-Private Insurance Program

Marcel A.P.M. van Asseldonk, Miranda P.M. Meuwissen and Ruud B.M. Huirne.

in Applied Economic Perspectives and Policy

January 2002; p ublished online January 2002 .

Journal Article. Subjects: Agricultural Economics; Insurance. 0 words.

Producers' demand for a public-private crop insurance program in the Netherlands is surveyed. A novel aspect was the inclusion of the producer's belief in disaster relief. Despite emphatic...

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Budgetary and Producer Welfare Effects of Revenue Insurance

David A. Hennessy, Bruce A. Babcock and Dermot J. Hayes.

in American Journal of Agricultural Economics

August 1997; p ublished online August 1997 .

Journal Article. Subjects: Agricultural Economics; Insurance. 0 words.

The efficiency of redistribution of government-provided revenue insurance programs is compared with the efficiency of the 1990 farm program. The results indicate that revenue insurance...

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A Chat about Insurance: Experimental Results from Rural Bangladesh

Daniel Clarke, Francesca de Nicola, Ruth Vargas Hill, Neha Kumar and Parendi Mehta.

in Applied Economic Perspectives and Policy

September 2015; p ublished online December 2014 .

Journal Article. Subjects: Design of Experiments; Agricultural Economics; Economic Development; Insurance. 10252 words.

Farmers throughout the developing world face multiple sources of uninsured risk to agricultural production and household assets. In this paper, we present results from an experimental...

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Constrained Efficient Contracts for Area Yield Crop Insurance

James A. Vercammen.

in American Journal of Agricultural Economics

November 2000; p ublished online November 2000 .

Journal Article. Subjects: Agricultural Economics; Insurance. 0 words.

With area yield crop insurance, indemnification occurs when area yield falls below a yield trigger that is chosen by the producer. The maximum value for this yield trigger is generally...

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Copula-Based Models of Systemic Risk in U.S. Agriculture: Implications for Crop Insurance and Reinsurance Contracts

Barry K. Goodwin and Ashley Hungerford.

in American Journal of Agricultural Economics

April 2015; p ublished online October 2014 .

Journal Article. Subjects: Agricultural Economics; Insurance. 8974 words.

The federal crop insurance program has been a major fixture of U.S. agricultural policy since the 1930s, and continues to grow in size and importance. Indeed, it now represents the most...

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Crop Insurance, Moral Hazard, and Agricultural Chemical Use

Vincent H. Smith and Barry K. Goodwin.

in American Journal of Agricultural Economics

May 1996; p ublished online May 1996 .

Journal Article. Subjects: Agricultural Economics; Insurance. 0 words.

This study examines the relationship between chemical input use and crop insurance purchase decisions for a sample of Kansas dryland wheat farmers. Recent research by Horowitz and...

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