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A Comparison of Crop Yield Coverage Plans for Multiple Peril Crop Insurance

Author

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  • Toland, Gerald D. Jr.
  • Schmiesing, Brain H.
  • Black, J. Roy

Abstract

Producers' purchase decisions for Multiple Peril Crop Insurance (MPCI) were analyzed under the AREA and Actual Production History (APH) Coverage Plans. Global certainty equivalents were determined to predict MPCI purchases in a simulation using subjective crop yield probability distributions. The frequency of predicted MPCI purchases increased under the APH Plan.

Suggested Citation

  • Toland, Gerald D. Jr. & Schmiesing, Brain H. & Black, J. Roy, "undated". "A Comparison of Crop Yield Coverage Plans for Multiple Peril Crop Insurance," 1990 Annual meeting, August 5-8, Vancouver, Canada 271049, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea90:271049
    DOI: 10.22004/ag.econ.271049
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    References listed on IDEAS

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    1. Toland, Gerald Jr & Schmiesing, Brian H. & Black, J. Roy, 1989. "Analysis and Comparison of Alternative Estimations of Crop Yield Probability Distributions," WAEA/ WFEA Conference Archive (1929-1995) 244976, Western Agricultural Economics Association.
    2. Arthur C. Thomas, 1987. "Risk Attitudes Measured by the Interval Approach: A Case Study of Kansas Farmers," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(5), pages 1101-1105.
    3. Raskin, Rob & Cochran, Mark J., 1986. "Interpretations And Transformations Of Scale For The Pratt-Arrow Absolute Risk Aversion Coefficient: Implications For Generalized Stochastic Dominance," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 11(2), pages 1-7, December.
    4. Thomas, Arthur C., . "Risk Attitudes Measured by the Interval Approach: A Case Study of Kansas Farmers," SS-AAEA Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 5(01).
    5. repec:ags:agsaem:288652 is not listed on IDEAS
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