Evaluating the Interaction between Farm Programs with Crop Insurance and Producers' Risk Preferences

Todd D. Davis, John Anderson and Robert E. Young

No 156753, 2013 AAEA: Crop Insurance and the Farm Bill Symposium from Agricultural and Applied Economics Association

Abstract: A stochastic simulation model is used to simulate crop revenues net of farm policy and crop insurance costs. Certainty equivalent analysis is used to rank farm policy and crop insurance alternatives for varying levels of risk aversion.

Keywords: Farm Management; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 25
Date: 2013
New Economics Papers: this item is included in nep-agr, nep-ias, nep-rmg and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaeaci:156753

DOI: 10.22004/ag.econ.156753

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