EconPapers    
Economics at your fingertips  
 

Evaluating Crop and Revenue Insurance Products as Risk Management Tools for Texas Cotton Producers

James E. Field, Sukant K. Misra and Octavio Ramirez

Journal of Agricultural and Applied Economics, 2003, vol. 35, issue 1, 14

Abstract: This paper develops and illustrates the application of a procedure to evaluate and compare the cost effectiveness of alternative crop insurance products for cotton in terms of their effect on expected producer net returns and the variation of net returns. Farm unit-level cotton yields and state-level price distributions are estimated by a multivariate nonnormal parametric modeling procedure and used to simulate the net returns to alternative crop insurance products over a 10-year planning horizon. The ranking of alternative insurance products using third-degree stochastic dominance is presented for Texas cotton producers.

Date: 2003
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://ageconsearch.umn.edu/record/37314/files/Field%20JAAE%20April%202003.pdf (application/pdf)

Related works:
Journal Article: Evaluating Crop and Revenue Insurance Products as Risk Management Tools for Texas Cotton Producers (2003) Downloads
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: https://EconPapers.repec.org/RePEc:ags:joaaec:37314

DOI: 10.22004/ag.econ.37314

Access Statistics for this article

More articles in Journal of Agricultural and Applied Economics from Southern Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().

 
Page updated 2022-09-27
Handle: RePEc:ags:joaaec:37314