PARTICIPATION IN MULTIPLE-PERIL CROP INSURANCE: RISK ASSESSMENTS AND RISK PREFERENCES OF CRANBERRY GROWERS
Robert Dismukes,
P Allen and
Bernard J. Morzuch
Northeastern Journal of Agricultural and Resource Economics, 1989, vol. 18, issue 2, 9
Abstract:
To investigate the poor participation rate of cranberry growers in the multiple-peril crop insurance program, a sample of 15 Massachusetts growers was interviewed. According to their risk preferences, a much greater proportion of growers should have insured, than actually did. A possible solution is to match the distribution used by the insurer closer to that believed by the grower. Adjusting each grower's historical yield series for trend brought the historical and subjective mean yields much closer. However, an aggregate test found the effect of adjustment to be insignificant, implying that the avenue for increased participation lies elsewhere.
Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Date: 1989
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)
Downloads: (external link)
https://ageconsearch.umn.edu/record/28868/files/18020109.pdf (application/pdf)
Related works:
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:nejare:28868
DOI: 10.22004/ag.econ.28868
Access Statistics for this article
More articles in Northeastern Journal of Agricultural and Resource Economics from Northeastern Agricultural and Resource Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().