Crop Insurance's Role in Risk Management on Hog-Crop Farms

George F. Patrick and Ananth S. Rao

Review of Agricultural Economics, 1989, vol. 11, issue 1, 1-10

Abstract: Multiple peril crop insurance's (MPCI) impact on Central Indiana hog-crop farms was analyzed under scenarios of alternative debt/asset ratios, government deficiency payment programs, and levels of off-farm income and yield variability. MPCI reduced the probability of survival of high-debt farms when yield variability was equal to county average yields. More positive effects result from use of MPCI under assumptions of greater available financial resources or higher levels of yield variability. MPCI is likely to have a more important role in risk management for the medium-debt farm or the high-debt farm with off-farm income than for the other scenarios analyzed.

Date: 1989
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://hdl.handle.net/10.1093/aepp/11.1.1 (application/pdf)
Access to full text is restricted to subscribers.

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:oup:revage:v:11:y:1989:i:1:p:1-10.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

More articles in Review of Agricultural Economics from Agricultural and Applied Economics Association Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ( this e-mail address is bad, please contact ) and Christopher F. Baum ().