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Actual Production History and Insurance Units for Multiple Peril Crop Insurance

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  • Edwards, William M.

Abstract

The first step in developing a crop risk management program for a farm is to establish the proven yield and unit structure. The Actual Production History (APH) is used to set the guarantees under all of the FCIC-backed insurance plans except the Group Risk Plan (GRP). True risk protection must be based on the farm's own production potential. Providing historical yield records is the most realistic method of estimating it.

Suggested Citation

  • Edwards, William M., 2003. "Actual Production History and Insurance Units for Multiple Peril Crop Insurance," Staff General Research Papers Archive 10267, Iowa State University, Department of Economics.
  • Handle: RePEc:isu:genres:10267
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    File URL: http://www2.econ.iastate.edu/papers/paper_10267.pdf
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    Cited by:

    1. Cory G. Walters & C. Richard Shumway & Hayley H. Chouinard & Philip R. Wandschneider, 2008. "Information and Opportunistic Behavior in Federal Crop Insurance Programs," Working Papers 2008-9, School of Economic Sciences, Washington State University.

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