The US crop insurance market has several features that set it apart from other insurance
markets. These include explicit government subsidies with an average premium subsidy rate …

Innovation in the agricultural sector will determine our ability to reduce food insecurity and
feed nine billion people by 2050. Concomitantly, most of the world's agricultural crop …

Fluctuations in temperature and precipitation are expected to increase with global climate
change, with more frequent, more intense and longer-lasting extreme events, posing greater …

Crop insurance is similar to flood and hurricane insurance in that spatially correlated
weather tends to cause violations of the independence assumption. Ideally, one would seek …

A large variety of subsidized crop insurance products are available to US crop growers.
Distinct and perhaps puzzling patterns in the choices of insurance products and coverage …

This paper shows how econometric identification can be improved in studies making use of
crop insurance participation as either an independent or dependent variable. The paper …

Crop insurance programs rely on conditional predictive distributions of loss random
variables (eg, yield, revenue, loss costs, etc.) to determine probabilities and magnitudes of …

The Samaritan's dilemma posits a downside to charity: recipients may rely on free aid
instead of their own efforts. Anecdotally, the expectation of free assistance is thought to be …

This paper investigates the effectiveness of the Actuaries Climate Index (ACI), a climate
index jointly launched by multiple actuarial societies in North America in 2016, on predicting …

The theory of the natural hedge states that agricultural yields and prices are inversely
related. Actuarial rules for US crop revenue insurance assume that dependence between …