Rationality of choices in subsidized crop insurance markets
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 …
markets. These include explicit government subsidies with an average premium subsidy rate …
Insurance subsidies, climate change, and innovation: Implications for crop yield resiliency
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 …
feed nine billion people by 2050. Concomitantly, most of the world's agricultural crop …
[HTML][HTML] A generic risk assessment framework to evaluate historical and future climate-induced risk for rainfed corn and soybean yield in the US Midwest
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 …
change, with more frequent, more intense and longer-lasting extreme events, posing greater …
Spatial pattern of yield distributions: implications for crop insurance
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 …
weather tends to cause violations of the independence assumption. Ideally, one would seek …
A natural resource theory of US crop insurance contract choice
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 …
Distinct and perhaps puzzling patterns in the choices of insurance products and coverage …
Econometric identification of crop insurance participation
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 participation as either an independent or dependent variable. The paper …
Incorporating historical weather information in crop insurance rating
Crop insurance programs rely on conditional predictive distributions of loss random
variables (eg, yield, revenue, loss costs, etc.) to determine probabilities and magnitudes of …
variables (eg, yield, revenue, loss costs, etc.) to determine probabilities and magnitudes of …
Does the Samaritan's dilemma matter? Evidence from US agriculture
T Deryugina, B Kirwan - Economic Inquiry, 2018 - Wiley Online Library
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 …
instead of their own efforts. Anecdotally, the expectation of free assistance is thought to be …
Assessing the effectiveness of the actuaries climate index for estimating the impact of extreme weather on crop yield and insurance applications
Q Pan, L Porth, H Li - Sustainability, 2022 - mdpi.com
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 …
index jointly launched by multiple actuarial societies in North America in 2016, on predicting …
How High the Hedge
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 …
related. Actuarial rules for US crop revenue insurance assume that dependence between …