The Accuracy Of Producer Expectations: Evidence And Implications For Insurance Valuation
Author
Abstract
Suggested Citation
DOI: 10.22004/ag.econ.132390
Download full text from publisher
References listed on IDEAS
- James W. Pease & Ernest W. Wade & Jerry S. Skees & Chandra M. Shrestha, 1993. "Comparisons between Subjective and Statistical Forecasts of Crop Yields," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 15(2), pages 339-350.
- Richard E. Just & Linda Calvin & John Quiggin, 1999.
"Adverse Selection in Crop Insurance: Actuarial and Asymmetric Information Incentives,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(4), pages 834-849.
- Just, Richard E. & Calvin, Linda & Quiggin, John, 1993. "Adverse Selection in Crop Insurance: Actuarial and Asymmetric Information Incentives," Working Papers 197809, University of Maryland, Department of Agricultural and Resource Economics.
- David E. Kenyon, 2001. "Producer Ability to Forecast Harvest Corn and Soybean Prices," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 23(1), pages 151-162.
- James S. Eales & Brian K. Engel & Robert J. Hauser & Sarahelen R. Thompson, 1990. "Grain Price Expectations of Illinois Farmers and Grain Merchandisers," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(3), pages 701-708.
- Keith H. Coble & Thomas O. Knight & Rulon D. Pope & Jeffery R. Williams, 1997. "An Expected-Indemnity Approach to the Measurement of Moral Hazard in Crop Insurance," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(1), pages 216-226.
- Turvey, Calum G., 1999. "Weather Insurance, Crop Production And Specific Event Risk," Working Papers 34101, University of Guelph, Department of Food, Agricultural and Resource Economics.
- Alan P. Ker & Barry K. Goodwin, 2000. "Nonparametric Estimation of Crop Insurance Rates Revisited," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(2), pages 463-478.
- Vincent H. Smith & Barry K. Goodwin, 1996. "Crop Insurance, Moral Hazard, and Agricultural Chemical Use," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(2), pages 428-438.
- Martin, Steven W. & Barnett, Barry J. & Coble, Keith H., 2001. "Developing And Pricing Precipitation Insurance," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(1), pages 1-14, July.
- Takeshi Sakurai & Thomas Reardon, 1997. "Potential Demand for Drought Insurance in Burkina Faso and Its Determinants," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(4), pages 1193-1207.
- Stokes, Jeffrey R., 2000. "A Derivative Security Approach To Setting Crop Revenue Coverage Insurance Premiums," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(1), pages 1-18, July.
- Barry K. Goodwin & Alan P. Ker, 1998. "Nonparametric Estimation of Crop Yield Distributions: Implications for Rating Group-Risk Crop Insurance Contracts," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(1), pages 139-153.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Sherrick, Bruce J., 2002. "The Accuracy Of Producers' Probability Beliefs: Evidence And Implications For Insurance Valuation," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 27(1), pages 1-17, July.
- Barnett, Barry J. & Barrett, Christopher B. & Skees, Jerry R., 2008. "Poverty Traps and Index-Based Risk Transfer Products," World Development, Elsevier, vol. 36(10), pages 1766-1785, October.
- Vedenov, Dmitry V. & Barnett, Barry J., 2004. "Efficiency of Weather Derivatives as Primary Crop Insurance Instruments," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 29(3), pages 1-17, December.
- Deng, Xiaohui & Barnett, Barry J. & Hoogenboom, Gerrit & Yu, Yingzhuo & Garcia y Garcia, Axel, 2008.
"Alternative Crop Insurance Indexes,"
Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 40(1), pages 1-15, April.
- Deng, Xiaohui & Barnett, Barry J. & Hoogenboom, Gerrit & Yu, Yingzhuo & Garcia, Axel Garcia y, 2008. "Alternative Crop Insurance Indexes," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 40(1), pages 223-237, April.
- Ramirez, Octavio A. & Shonkwiler, J. Scott, 2017. "A Probabilistic Model of Crop Insurance Purchase Decision," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 42(1), pages 1-17, January.
- Ghahremanzadeh, Mohammad & Mohammadrezaei, Rassul & Dashti, Ghader & Ainollahi, Moharram, 2018. "Designing a whole-farm revenue insurance for agricultural crops in Zanjan province of Iran," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 17(02), January.
- Deng, Xiaohui & Barnett, Barry J. & Hoogenboom, Gerrit & Yu, Yingzhuo & Garcia, Axel, 2006. "Evaluating the Efficiency of Crop Index Insurance Products," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35333, Southern Agricultural Economics Association.
- Hao, Jianqiang & Bathke, Arne & Skees, Jerry R., 2005. "Modeling the Tail Distribution and Ratemaking: An Application of Extreme Value Theory," 2005 Annual meeting, July 24-27, Providence, RI 19190, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Barnett, Barry J., 2004. "Agricultural Index Insurance Products: Strengths And Limitations," Agricultural Outlook Forum 2004 32971, United States Department of Agriculture, Agricultural Outlook Forum.
- Martin, Steven W. & Barnett, Barry J. & Coble, Keith H., 2001. "Developing And Pricing Precipitation Insurance," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(1), pages 1-14, July.
- F. G. Santeramo & B. K. Goodwin & F. Adinolfi & F. Capitanio, 2016.
"Farmer Participation, Entry and Exit Decisions in the Italian Crop Insurance Programme,"
Journal of Agricultural Economics, Wiley Blackwell, vol. 67(3), pages 639-657, September.
- Santeramo, Fabio Gaetano & Adinolfi, Felice & Capitanio, Fabian & Goodwin, Barry K., 2016. "Farmer Participation, Entry and Exit decisions in the Italian Crop Insurance Program," MPRA Paper 69508, University Library of Munich, Germany.
- Lu, Yue & Ramirez, Octavio A. & Rejesus, Roderick M. & Knight, Thomas O. & Sherrick, Bruce J., 2008.
"Empirically Evaluating the Flexibility of the Johnson Family of Distributions: A Crop Insurance Application,"
Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 37(1), pages 1-13, April.
- Lu, Yue & Ramirez, Octavio A. & Rejesus, Roderick M. & Knight, Thomas O. & Sherrick, Bruce J., 2008. "Empirically Evaluating the Flexibility of the Johnson Family of Distributions: A Crop Insurance Application," Agricultural and Resource Economics Review, Cambridge University Press, vol. 37(1), pages 79-91, April.
- Coble, Keith H. & Barnett, Barry J., 1999. "The Role Of Research In Producer Risk Management," Professional Papers 15803, Mississippi State University, Department of Agricultural Economics.
- Myyra, Sami & Pietola, Kyosti, 2011. "Testing for Moral Hazard and Ranking Farms by Their Inclination to Collect Crop Damage Compensations," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114632, European Association of Agricultural Economists.
- Peilu Zhang & Marco A. Palma, 2021.
"Compulsory Versus Voluntary Insurance: An Online Experiment,"
American Journal of Agricultural Economics, John Wiley & Sons, vol. 103(1), pages 106-125, January.
- Zhang, Peilu & Palma, Marco A., 2018. "Compulsory versus Voluntary Insurance: An Online Experiment," 2018 Annual Meeting, August 5-7, Washington, D.C. 274047, Agricultural and Applied Economics Association.
- Zhang, Peilu & Palma, Marco A, 2018. "Compulsory versus Voluntary Insurance: An Online Experiment," 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida 266654, Southern Agricultural Economics Association.
- Sharma, Sankalp & Walters, Cory G., 2018.
"Influence of Farm and Lease Type on Crop Insurance Returns,"
2018 Annual Meeting, August 5-7, Washington, D.C.
273881, Agricultural and Applied Economics Association.
- Sharma, S. & Walters, C., 2018. "Influence of Farm and Lease Type on Crop Insurance Returns," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277399, International Association of Agricultural Economists.
- Phelippe-Guinvarc'h, Martial V. & Cordier, Jean E., 2006.
"A private management strategy for the crop yield insurer: A theoretical approach and tests,"
Insurance: Mathematics and Economics, Elsevier, vol. 39(1), pages 35-46, August.
- Martial Phélippé-Guinvarc'H & Jean Cordier, 2006. "A private management strategy for the crop yield insurer : a theoretical approach and tests," Post-Print hal-02151824, HAL.
- Michael J. Roberts & Erik O'Donoghue & Nigel Key, 2014. "Separating Moral Hazard from Adverse Selection: Evidence from the U.S. Federal Crop Insurance Program," Working Papers 201410, University of Hawaii at Manoa, Department of Economics.
- Luckstead, Jeff & Devadoss, Stephen, 2016. "Implication of 2014 Farm Policies for Wheat Production," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235362, Agricultural and Applied Economics Association.
- Bokusheva, Raushan, 2004. "Crop insurance in transition: a qualitative and quantitative assessment of insurance products," IAMO Discussion Papers 76, Leibniz Institute of Agricultural Development in Transition Economies (IAMO).
More about this item
Keywords
Agricultural Finance; Risk and Uncertainty;Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:nc2001:132390. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aesukea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.