Evaluation of risk management alternatives for indiana grain producers

Ana R. Rios and George F. Patrick

Agricultural Finance Review, 2007, vol. 67, issue 1, pages 157-173

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.

Keywords: Crop insurance; Pre-harvest pricing; Risk management (search for similar items in EconPapers)
Date: 2007

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