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Please use this identifier to cite or link to this item: http://purl.umn.edu/14711

Title: EVALUATION OF CROP INSURANCE PREMIUM RATES FOR GEORGIA AND SOUTH CAROLINA PEACHES
Authors: Miller, Stephen E.
Kahl, Kandice H.
Rathwell, P. James
Keywords: adverse selection
crop insurance
peaches
premium rate
yield guarantee
Issue Date: 2000
Abstract: We estimate actuarially fair premium rates for yield insurance for Georgia and South Carolina peaches for comparison to the premium rates established by the Risk Management Agency (RMA) for the 1999 crop. The RMA premium rates varied from county to county, but were identical for all growers in a given county. The estimated premium rates decrease with the grower's expected yield. The RMA rate structure encouraged adverse selection, as premium rates were too low for growers with low expected yields (especially at low coverage levels) and were too high for growers with high expected yields (especially at high coverage levels).
URI: http://purl.umn.edu/14711
Institution/Association: Journal of Agribusiness>Volume 18, Number 3, Fall 2000
Total Pages: 15
Language: English
From Page: 303
To Page: 317
Collections:Volume 18, Number 3, Fall 2000

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