Opportunity Costs, Share Leasing, And Prevented Planting Claims In Crop Insurance
AbstractThis paper determines whether the opportunity costs of share leasing and the share amounts of farmers/tenants affect the likelihood of submitting a prevented planting claim. Results from our probit analysis shows that lower opportunity costs of share leasing and higher farmer/tenant share amount can increase the probability of submitting a prevented planting. These results have potential implications for setting prevented planting buy-up rates and crop insurance compliance procedures.
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Bibliographic InfoPaper provided by Southern Agricultural Economics Association in its series 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama with number 35017.
Date of creation: 2003
Date of revision:
Risk and Uncertainty;
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- 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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