THE ROLE OF AREA-YIELD CROP INSURANCE IN FARMERS' ADJUSTMENT AGAINST RISK IN A DRYLAND REGION OF PORTUGAL
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This research develops a mathematical programming model to maximize the expected utility of the farmers' wealth-producing cereals in the Alentejo dryland region of Portugal, and it is used to determine the premium rate that crop farmers are willing to pay for reducing the variability of their incomes, and the Portuguese government subsidy of the premium rate in the case where the farmer is not willing to pay the totality of this.