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dc.contributor.authorAdhikari, Subodh
dc.contributor.authorKnight, T. O.
dc.contributor.authorBelasco, Eric J.
dc.identifier.citationAdhikari, S., T.O. Knight, and E.J. Belasco. "Evaluation of Crop Insurance Yield Guarantees and Producer Welfare with Upward Trending Yields." Agricultural and Resource Economics Review. Vol. 41, No. 3 (2012): 367-376.en_US
dc.description.abstractActual Production History (APH) yields play a critical role in determining the coverage offered to producers by the Risk Management Agency’s yield-based crop insurance products. Using both county and individual insured unit data, we examine the impact of APH yield trends for Texas cotton and Illinois corn. Our findings indicate that biases due to using simple average APH yields when yields are trending upward reduce the expected indemnity and actuarially fair premium rate. The estimated welfare effect also varies significantly with different commonly used detrending approaches. This study demonstrates that producer welfare can be enhanced through proper treatment of yield trends in crop insurance programs.en_US
dc.subjectEconomic historyen_US
dc.subjectAgriculture economicsen_US
dc.titleEvaluation of Crop Insurance Yield Guarantees and Producer Welfare with Upward Trending Yieldsen_US
mus.citation.journaltitleAgricultural and Resource Economics Reviewen_US
mus.identifier.categoryBusiness, Economics & Managementen_US
mus.identifier.categoryLife Sciences & Earth Sciencesen_US
mus.relation.collegeCollege of Agriculture
mus.relation.collegeCollege of Agricultureen_US
mus.relation.departmentAgricultural Economics & Economics.en_US
mus.relation.universityMontana State University - Bozemanen_US
mus.contributor.orcidAdhikari, Subodh|0000-0002-4920-6814en_US

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