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EVALUATION OF RISK REDUCTIONS ASSOCIATED WITH MULTI-PERIOL CROP INSURANCE PRODUCTS

Gary Schnitkey (), Bruce Sherrick () and Scott Irwin

No 19778, 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This research examines risk-return tradeoffs across a full range of crop insurance products and coverage levels. Results indicate that farm-level products reduce risk for low probability events, but that risk reductions often are not large for events that occur with more regularity. Risk reductions vary with yield variability; with counties that have higher yield variability also experiencing greater risk reductions through the use of crop insurance.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 36
Date: 2002
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http://ageconsearch.umn.edu/record/19778/files/sp02sh07.pdf (application/pdf)

Related works:
Working Paper: Evaluation of Risk Reductions Associated with Multi-Peril Crop Insurance Products (2002) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea02:19778

DOI: 10.22004/ag.econ.19778

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