000141669 001__ 141669
000141669 005__ 20181128175008.0
000141669 037__ $$a1203-2016-95374
000141669 037__ $$a1203-2016-96384
000141669 041__ $$aen_US
000141669 245__ $$aEvaluation of Crop Insurance Yield Guarantees and Producer Welfare with Upward-Trending Yields
000141669 260__ $$c2012-12
000141669 269__ $$a2012-12
000141669 270__ $$madhishyam@yahoo.com$$pAdhikari,   Shyam
000141669 300__ $$a10
000141669 336__ $$aJournal Article
000141669 520__ $$aActual Production History (APH) yields play a critical role in determining the coverage offered to producers by the Risk Management Agency’s yield-based crop insurance products. Using both county and individual insured unit data, we examine the impact of APH yield trends for Texas cotton and Illinois corn. Our findings indicate that biases due to using simple average APH yields when yields are trending upward reduce the expected indemnity and actuarially fair premium rate. The estimated welfare effect also varies significantly with different commonly used detrending approaches. This study demonstrates that producer welfare can be enhanced through proper treatment of yield trends in crop insurance programs.
000141669 542__ $$fLicense granted by Liesl Koch (lkoch@arec.umd.edu) on 2012-12-21T15:59:52Z (GMT):

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000141669 650__ $$aProduction Economics
000141669 650__ $$aRisk and Uncertainty
000141669 6531_ $$aactual production history
000141669 6531_ $$acrop insurance
000141669 6531_ $$ayield trend
000141669 6531_ $$ayield guarantee
000141669 700__ $$aAdhikari, Shyam
000141669 700__ $$aKnight, Thomas O.
000141669 700__ $$aBelasco, Eric J.
000141669 773__ $$dDecember 2012$$j 41$$k 3$$o376$$q367$$tAgricultural and Resource Economics Review
000141669 8564_ $$s270709$$uhttp://ageconsearch.umn.edu/record/141669/files/adhikari%20-%20current.pdf
000141669 887__ $$ahttp://purl.umn.edu/141669
000141669 909CO $$ooai:ageconsearch.umn.edu:141669$$pGLOBAL_SET
000141669 912__ $$nSubmitted by Liesl Koch (lkoch@arec.umd.edu) on 2012-12-21T16:05:21Z
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  Previous issue date: 2012-12
000141669 982__ $$gAgricultural and Resource Economics Review> Volume 41, Number 3, December 2012
000141669 980__ $$a1203