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Geography of crop yield skewness

Author

Listed:
  • Xiaodong Du
  • Cindy L. Yu
  • David A. Hennessy
  • Ruiqing Miao

Abstract

This study seeks to provide a rigorous theoretical and empirical understanding of the effects of exogenous geographic and climate-related factors on the first three moments of crop yields. We hypothesize that exogenous geographic and climate factors that have beneficial effects on crop production, such as better soils, less overheating damage, more growing season precipitation and irrigation should make crop yield distributions less positively or more negatively skewed. We employ a large crop insurance dataset for corn, soybean, and wheat to find general support for the hypothesis. The novel empirical method optimally uses correlations between the first three moments and thus significantly improves estimation performance over existing methods.
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Suggested Citation

  • Xiaodong Du & Cindy L. Yu & David A. Hennessy & Ruiqing Miao, 2015. "Geography of crop yield skewness," Agricultural Economics, International Association of Agricultural Economists, vol. 46(4), pages 463-473, July.
    • Handle: RePEc:bla:agecon:v:46:y:2015:i:4:p:463-473
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    File URL: http://hdl.handle.net/10.1111/agec.2015.46.issue-4
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    Cited by:

    1. Buchholz, Matthias & Musshoff, Oliver, 2014. "The role of weather derivatives and portfolio effects in agricultural water management," Agricultural Water Management, Elsevier, vol. 146(C), pages 34-44.
    2. Du, Xiaodong, 2025. "Inertia in the U.S. federal crop insurance market," International Journal of Industrial Organization, Elsevier, vol. 100(C).
    3. Hongli Feng & Xiaodong Du & David A. Hennessy, 2020. "Depressed demand for crop insurance contracts, and a rationale based on third generation Prospect Theory," Agricultural Economics, International Association of Agricultural Economists, vol. 51(1), pages 59-73, January.
    4. repec:isu:genstf:201701010800006248 is not listed on IDEAS
    5. Du, Xiaodong & Hennessy, David & Feng, Hongli, 2014. "Tail Dependence is to be Expected Among Crop Yields," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 174315, Agricultural and Applied Economics Association.

    More about this item

    JEL classification:

    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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