Designing a whole-farm revenue insurance for agricultural crops in Zanjan province of Iran

The purpose of this article is to design and empirically evaluate the Whole Farm Insurance (WFI) over the conventional insurance programs in Zanjan province of Iran. Historical farm-level and county-level data were used to estimate yield and price density functions. Both parametric and non-parametric methods were applied for predicting the future values and the PQH simulation method was utilized to calculate premium rates. Results revealed that loss ratios of the WFI are lower for farmers who insured more than one crop. Additionally, utilizing WFI reduces premiums. Moreover, premiums obtained from nonparametric method are relatively lower compared to the parametric approachy.


Other Titles:
Diseño de un seguro de ingresos de toda la granja para cultivos agrícolas en la provincia de Zanjan de Irán
Issue Date:
Jan 12 2018
Publication Type:
Journal Article
ISSN:
1578-0732
Language:
English
Published in:
Economia Agraria y Recursos Naturales, Volume 17, Number 2
Page range:
29-53
JEL Codes:
G22; C15; C53; C63




 Record created 2018-01-12, last modified 2018-01-22

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