Reduction of Yield and Income Risk Under Alternative Crop Insurance and Disaster Assistance Plans

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dc.creatorCarriker, Gordon L.
dc.creatorWilliams, Jeffery R.
dc.creatorBarnaby, Glenn Arthur, Jr.
dc.creatorBlack, J. Roy
dc.date2017-04-01T19:35:09Z
dc.date.accessioned2026-07-09T05:51:29Z
dc.descriptionThis study compares the effectiveness of five crop insurance/disaster assistance plans: an individual farm yield insurance plan similar to the current FCIC multi-peril program ; two area yield insurance plans; a farm yield disaster assistance plan; and an area yield disaster assistance plan. These methods are examined for reduction in yield and gross income variability with and without participation in the government deficiency payment programs using farm-level yield data from 98 dryland wheat farms and 38 dryland corn farms in Kansas . Although individual farm yield insurance is complex, suffers from moral hazard and adverse selection problems, and is likely to be the most expensive to administer , it provides more yield and gross income risk reduction than any of the alternative insurance/disaster assistance plans.
dc.identifierdoi:10.22004/ag.econ.118191
dc.identifierhttps://ageconsearch.umn.edu/record/118191/files/91-11.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/118191
dc.identifier.urihttp://hdl.handle.net/123456789/569286
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/118191
dc.titleReduction of Yield and Income Risk Under Alternative Crop Insurance and Disaster Assistance Plans
dc.typeText

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