Revenue Insurance for Georgia and South Carolina Peaches

Stephen E. Miller, Kandice H. Kahl and P. James Rathwell

Journal of Agricultural and Applied Economics, 2000, vol. 32, issue 1, 123-132

Abstract: We estimate actuarially fair premium rates for yield and revenue insurance for Georgia and South Carolina peaches. The premium rates for both products decrease at a decreasing rate as the mean farm-level yield increases. In general, the premium rate for revenue insurance exceeds the premium rate for yield insurance for a given coverage level and expected yield. Although the revenue and yield insurance rates differ in a statistical sense, they do not appear to differ in an economic sense except at high coverage levels for growers with very high yields.

Date: 2000
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