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

Gerald D. Toland, Brain H. Schmiesing and J. Roy Black

No 271049, 1990 Annual meeting, August 5-8, Vancouver, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

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.

Keywords: Agricultural and Food Policy; Agricultural Finance; Crop Production/Industries (search for similar items in EconPapers)
Pages: 17
Date: 1990-08-05
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea90:271049

DOI: 10.22004/ag.econ.271049

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