Demand for Crop Insurance by Organic Corn and Soybean Farmers in Three Major Producing States

Ariel Singerman, Chad Hart () and Sergio Horacio Lence

Staff General Research Papers from Iowa State University, Department of Economics

Abstract:   A survey of organic grain and oilseed producers in Iowa, Minnesota and Wisconsin was conducted to collect information about their demographic characteristics, production and price risk management strategies, yields and losses, and crop insurance decisions. The data are analyzed using a discrete choice model to establish which variables influence organic producers’ decision of whether to purchase crop insurance and also which ones affect the insurance product choice when applicable. The study describes the risk profiles of organic producers, and analyzes whether significant variations exist between organic and conventional methods of production so as to quantitatively determine the differential production risk associated with organic production. This research may contribute to the design of an organic crop insurance policy in which organic producers would be charged according to their idiosyncratic production risks, rather than the arbitrary 5% blanket premium surcharge currently in use.  

New Economics Papers: this item is included in nep-agr, nep-dcm, nep-ias and nep-mkt
Date: 2010-05-23
References: View complete reference list from CitEc
Citations View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://www.econ.iastate.edu/sites/default/files/pu ... 11528-2010-05-23.pdf (application/pdf)

Related works:
Working Paper: DEMAND FOR CROP INSURANCE BY ORGANIC CORN AND SOYBEAN FARMERS IN THREE MAJOR PRODUCING STATES (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:isu:genres:31528

Access Statistics for this paper

More papers in Staff General Research Papers from Iowa State University, Department of Economics
Address: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Contact information at EDIRC.
Series data maintained by Stephanie Bridges (). This e-mail address is bad, please contact .