Managing Crop Production Risk with Crop Index Insurance Products

Xiaohui Deng, Barry Barnett, Yingzhuo Yu and Gerrit Hoogenboom

No 35607, 2005 Annual Meeting, February 5-9, 2005, Little Rock, Arkansas from Southern Agricultural Economics Association

Abstract: Index crop insurance products can eliminate the asymmetric information problem inherent in farm-level multiple peril crop insurance. Purchasers of index insurance products are, however, exposed to basis risk. This study examines the feasibility of various index insurance products for corn farms in southern Georgia. Index insurance products considered are based on county yields, cooling degree days, and predicted yields from a crop simulation model.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 19
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeafl:35607

DOI: 10.22004/ag.econ.35607

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