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Potential for Multicrop Revenue Insurance to Serve the Needs of Mississippi Crop Producers

Keith H. Coble

出版	Office of Agricultural Communications, a unit of the Division of Agriculture, Forestry, and Veterinary Medicine at Mississippi State University, 2001
URL	http://books.google.com.hk/books?id=jY5RAQAAMAAJ&hl=&source=gbs_api

註釋

The introduction of revenue insurance products that insure against both price yield shortfalls has prompted consideration of a number of other variants on the traditional yield insurance concept. This study addressed the potential to develop actuarially sound insurance rates for a product subsuming the revenue risk from multiple crop enterprises. In this study, we dewveloped a nonparametric approach that extends previous nonparametric rating models by accounting for the added complexity of cross-commodity correlations. This model was empirically applied to sunflower county, Mississippi, where both cotton and soybeans are produced. Additionally, we ilustrated going nation of cotton, soybeans and wheat. The empirical and insurance premium rates resulting from combined crop revenue coverage. Finally, the risk reduction effectiveness of these insurance designs was evaluated for a representative farm scenario.