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Share Tenancy, Ownership Structure, and Prevented Planting Claims in Crop Insurance

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  • Roderick M. Rejesus
  • Cesar L. Escalante
  • Ashley C. Lovell

Abstract

A conceptual model based on opportunity cost and expected utility principles establishes linkages between the likelihood of prevented planting claims in crop insurance and existing share leasing arrangements/internal farm business structures. Results of heteroskedastic probit estimation procedures indicate that simpler internal business structures and more dominant farmer-tenant leasing position can increase the probability of submitting a prevented planting claim. Copyright 2005, Oxford University Press.

Suggested Citation

  • Roderick M. Rejesus & Cesar L. Escalante & Ashley C. Lovell, 2005. "Share Tenancy, Ownership Structure, and Prevented Planting Claims in Crop Insurance," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 87(1), pages 180-193.
    • Handle: RePEc:oup:ajagec:v:87:y:2005:i:1:p:180-193
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    File URL: http://hdl.handle.net/10.1111/j.0002-9092.2005.00710.x
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    References listed on IDEAS

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    1. Johnson, James D. & Perry, Janet E. & Korb, Penelope J. & Sommer, Judith E. & Ryan, James T. & Green, Robert C. & Durst, Ron L. & Monke, James D., 2001. "Structural and Financial Characteristics of U.S. Farms: 2001 Family Farm Report," Agricultural Information Bulletins 33707, United States Department of Agriculture, Economic Research Service.
    2. Peter J. Barry & LeeAnn M. Moss & Narda L. Sotomayor & Cesar L. Escalante, 2000. "Lease Pricing for Farm Real Estate," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 22(1), pages 2-16.
    3. Peter J. Barry & Lindon J. Robison, 1986. "Economic versus Accounting Rates of Return for Farm Land," Land Economics, University of Wisconsin Press, vol. 62(4), pages 388-401.
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    Cited by:

    1. Boyer, Christopher N. & Park, Eunchun & Smith, Aaron & Maples, William E. & Hellwinckel, Chad, 2023. "Prevented Planting Coverage Factor Analysis," 2023 Annual Meeting, July 23-25, Washington D.C. 335430, Agricultural and Applied Economics Association.
    2. Taehoo Kim & Man‐Keun Kim, 2018. "Ex‐post moral hazard in prevented planting," Agricultural Economics, International Association of Agricultural Economists, vol. 49(6), pages 671-680, November.
    3. Christopher N. Boyer & Eunchun Park & Seong D. Yun, 2023. "Corn and soybean prevented planting acres response to weather," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 45(2), pages 970-983, June.
    4. Sunjae Won & Roderick M. Rejesus & Barry K. Goodwin & Serkan Aglasan, 2024. "Understanding the effect of cover crop use on prevented planting losses," American Journal of Agricultural Economics, John Wiley & Sons, vol. 106(2), pages 659-683, March.
    5. Lee, Seunghyun, 2022. "Effects of Wet Spring on Prevented Planting," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322348, Agricultural and Applied Economics Association.
    6. Shenan Wu & Barry K. Goodwin & Keith Coble, 2020. "Moral hazard and subsidized crop insurance," Agricultural Economics, International Association of Agricultural Economists, vol. 51(1), pages 131-142, January.

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