A Comparison of Crop Yield Coverage Plans for Multiple Peril Crop Insurance
Gerald D. Toland,
Brain H. Schmiesing and
J. Roy Black
No 271049, 1990 Annual meeting, August 5-8, Vancouver, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Producers' purchase decisions for Multiple Peril Crop Insurance (MPCI) were analyzed under the AREA and Actual Production History (APH) Coverage Plans. Global certainty equivalents were determined to predict MPCI purchases in a simulation using subjective crop yield probability distributions. The frequency of predicted MPCI purchases increased under the APH Plan.
Keywords: Agricultural and Food Policy; Agricultural Finance; Crop Production/Industries (search for similar items in EconPapers)
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