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Evaluation of risk management alternatives for indiana grain producers

Author

Listed:
  • Ana R. Rios
  • George F. Patrick

Abstract

Crop insurance and pre-harvest pricing strategies were analyzed for “all years” and “years following a normal crop year” scenarios for the 1986 through 2001 period in three Indiana counties. Crop insurance products and early spring pre-harvest marketing generally had positive returns for producers. A large number of strategies provided higher mean revenues, higher 5 per cent values-at-risk, and higher certainty equivalents than the benchmark strategy. Although pre-harvest marketing strategies had the highest certainty equivalents in both scenarios, net farm revenues were lower and crop insurance combined with pre-harvest pricing were common among top-ranked strategies following normal crop years.

Suggested Citation

  • Ana R. Rios & George F. Patrick, 2007. "Evaluation of risk management alternatives for indiana grain producers," Agricultural Finance Review, Emerald Group Publishing, vol. 67(1), pages 157-173, May.
  • Handle: RePEc:eme:afrpps:v:67:y:2007:i:1:p:157-173
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    References listed on IDEAS

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    1. Melichar, Emanuel, 1984. "Farm Wealth Origin: Impact and Implications for Public Policy," Research Bulletins 184145, Cornell University, Department of Applied Economics and Management.
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