Enhancing Crop Insurance Decisions with Data-Driven Tools

Enil Serrano, Grant Gardner and Hunter Biram

No 402737, Numbered Extension Articles from University of Kentucky, Department of Agricultural Economics

Abstract: Farmers face growing production and price risks that traditional Farm Service Agency (FSA) programs and crop insurance only partially address. This article reviews existing decision tools and introduces the Crop Insurance Decision Maker (CIDM), a web-based platform that uses stochastic simulations to project expected net revenues across insurance products and coverage levels. By incorporating farmer risk preferences and county-level data, CIDM improves transparency and supports more informed enrollment in FSA and crop insurance programs. Case studies demonstrate how CIDM enhances risk management decisions, balancing income stability with financial resilience.

Keywords: Crop Production/Industries; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 16
Date: 2026-05-28
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/402737/files/0 ... _2026_Journal_vF.pdf (application/pdf)

Related works:
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:ukynea:402737

DOI: 10.22004/ag.econ.402737

Access Statistics for this paper

More papers in Numbered Extension Articles from University of Kentucky, Department of Agricultural Economics Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().