Evaluating the Interaction between Farm Programs with Crop Insurance and Producers' Risk Preferences

Davis, Todd D.; Anderson, John D.; Young, Robert E.

doi:10.22004/ag.econ.156753

Evaluating the Interaction between Farm Programs with Crop Insurance and Producers' Risk Preferences

Davis, Todd D.; Anderson, John D.; Young, Robert E.

2013

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Abstract

A stochastic simulation model is used to simulate crop revenues net of farm policy and crop insurance costs. Certainty equivalent analysis is used to rank farm policy and crop insurance alternatives for varying levels of risk aversion.

Details

Title

Evaluating the Interaction between Farm Programs with Crop Insurance and Producers' Risk Preferences

Keywords

farm management; risk management

Author(s)

Davis, Todd D.
Anderson, John D.
Young, Robert E.

Subject(s)

Farm Management
Risk and Uncertainty

Issue Date

2013

Publication Type

Conference Paper/ Presentation

Digital Object Identifier

https://doi.org/10.22004/ag.econ.156753

Record Identifier

https://ageconsearch.umn.edu/record/156753

PURL Identifier

http://purl.umn.edu/156753

Language

English

Total Pages

25

Record Appears in

Agricultural and Applied Economics Association (AAEA) > Agricultural and Applied Economics Association (AAEA) Conferences > 2013 AAEA: Crop Insurance and the Farm Bill Symposium

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