The Rainfall Index Annual Forage Pilot Program as a Risk Management Tool for Cool Season Forage

Joshua G. Maples and B Brorsen

No 285842, 2015 Conference, April 20-21, 2015, St. Louis, Missouri from NCR-134/ NCCC-134 Applied Commodity Price Analysis, Forecasting, and Market Risk Management

Abstract: The recently implemented Rainfall Index Annual Forage pilot program aims to provide risk coverage for annual forage producers in select states through the use of area rainfall indices as a proxy for yield. This paper utilizes unique data from a long-term study of annual ryegrass production with rainfall recorded at the site to determine whether or not the use of rainfall indices provides adequate coverage for annual forage growers. The rainfall index is highly correlated with actual rainfall. However, it does not provide much yield loss risk protection for our specific data.

Keywords: Marketing (search for similar items in EconPapers)
Date: 2015-04
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/285842/files/M ... er_NCCC_134_2015.pdf (application/pdf)

Related works:
Journal Article: The Rainfall Index Annual Forage Pilot Program as a Risk Management Tool for Cool-Season Forage (2016)
Journal Article: THE RAINFALL INDEX ANNUAL FORAGE PILOT PROGRAM AS A RISK MANAGEMENT TOOL FOR COOL-SEASON FORAGE (2016)
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:ags:n13415:285842

DOI: 10.22004/ag.econ.285842

Access Statistics for this paper

More papers in 2015 Conference, April 20-21, 2015, St. Louis, Missouri from NCR-134/ NCCC-134 Applied Commodity Price Analysis, Forecasting, and Market Risk Management
Bibliographic data for series maintained by AgEcon Search ().