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Evaluating the Efficiency of Crop Index Insurance Products

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Author Info
Deng, Xiaohui
Barnett, Barry J.
Hoogenboom, Gerrit
Yu, Yingzhuo
Garcia, Axel

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Abstract

Index crop insurance products can eliminate the asymmetric information problem inherent in farm-level multiple peril crop insurance. Purchasers of index insurance products are, however, exposed to basis risk. This study evaluates the efficiency of various index insurance products to reduce farm yield loss for representative corn farms in southern Georgia. Index insurance products considered are based on county yields, cooling degree days, and predicted yields from a crop simulation model.

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Publisher Info
Paper provided by Southern Agricultural Economics Association in its series 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida with number 35333.

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Date of creation: 2006
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Handle: RePEc:ags:saeaso:35333

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Related research
Keywords: Crop Production/Industries; Risk and Uncertainty;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Quiggin, J. & Karagiannis, G. & Stanton, J., 1993. "Crop Insurance And Crop Production: An Empirical Study Of Moral Hazard And Adverse Selection," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 37(02), August. [Downloadable!]
  2. Martin, Steven W. & Barnett, Barry J. & Coble, Keith H., 2001. "Developing And Pricing Precipitation Insurance," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(01), July. [Downloadable!]
  3. Viswanath Tirupattur & Robert J. Hauser & Nabil M. Chaherli, 1996. "Crop Yield and Price Distributional Effects on Revenue Hedging," Finance 9612004, EconWPA. [Downloadable!]
  4. Barnett, Barry J. & Black, J. Roy & Hu, Yingyao & Skees, Jerry R., 2005. "Is Area Yield Insurance Competitive with Farm Yield Insurance?," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 30(02), August. [Downloadable!]
  5. Tirupattur, Viswanath & Hauser, Robert J. & Chaherli, Nabil M., 1996. "Crop Yield And Price Distributional Effects On Revenue Hedging," ACE OFOR Reports 14766, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics. [Downloadable!]
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Did you know? Springer Verlag was the first commercial publisher to be listed on RePEc.

This page was last updated on 2009-11-26.


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