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 …

Patterns in loss‐ratio experience in the US corn insurance market are investigated with a
spatial econometric model. The results demonstrate systematic geographically related …

This article develops a stochastic model of the Average Crop Revenue Election (ACRE)
program, which offers revenue‐based commodity payments under the 2008 Farm Act. Our …

A number of problems in agricultural economics involve modeling joint distributions for
which the assumption of multivariate normality may not be warranted. Yet, very little work …

Alternative techniques for representing dependencies among variables in multivariate
simulation are discussed and compared in the context of rating a whole-farm insurance …

Panel regressions are used to relate standardized county weather variables to yield
outcomes in order to develop a crop disaster program for the top producing states of corn …

Purpose Area-based insurance plans trigger payments based on losses which may not
match actual loss experience at the farm level, an issue often referred to as basis risk. The …

Safflower grown in the western US is often produced for birdseed mixes. Increasing demand
for birdseed products, combined with regional drought, has shrunk western safflower …

This paper discusses the relationship among agriculture, agricultural policy, and economic
research. More specifically, this paper evaluates the relevance of current agricultural policy …

A framework is developed to examine organic crop insurance established by the Risk
Management Agency (RMA). Given that the RMA links organic and conventional crop prices …