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Revenue Insurance For Georgia And South Carolina Peaches

Author

Listed:
  • Miller, Stephen E.
  • Kahl, Kandice H.
  • Rathwell, P. James

Abstract

We estimate actuarially fair premium rates for yield and revenue insurance for Georgia and South Carolina peaches. The premium rates for both products decrease at a decreasing rate as the mean farm-level yield increases. In general, the premium rate for revenue insurance exceeds the premium rate for yield insurance for a given coverage level and expected yield. Although the revenue and yield insurance rates differ in a statistical sense, they do not appear to differ in an economic sense except at high coverage levels for growers with very high yields.

Suggested Citation

  • Miller, Stephen E. & Kahl, Kandice H. & Rathwell, P. James, 2000. "Revenue Insurance For Georgia And South Carolina Peaches," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(01), pages 1-10, April.
    • Handle: RePEc:ags:joaaec:15391
    DOI: 10.22004/ag.econ.15391
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    References listed on IDEAS

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    1. James P. Houck, 1965. "The Relationship of Direct Price Flexibilities to Direct Price Elasticities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 47(3), pages 789-792.
    2. Barry K. Goodwin & Alan P. Ker, 1998. "Nonparametric Estimation of Crop Yield Distributions: Implications for Rating Group-Risk Crop Insurance Contracts," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(1), pages 139-153.
    3. David M. Prescott & Thanasis Stengos, 1987. "Bootstrapping Confidence Intervals: An Application to Forecasting the Supply of Pork," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(2), pages 266-273.
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    Citations

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    Cited by:

    1. María Bielza & Alberto Garrido & José M. Sumpsi, 2004. "Revenue insurance as an income stabilization policy: an application to the Spanish olive oil sector," Post-Print hal-01201063, HAL.
    2. Bielza, Maria & Garrido, Alberto & Sumpsi, Jose Maria, 2002. "El seguro de ingresos como instrumento de estabilizacion de las rentas de los agricultores: aplicacion al sector olivarero espanol," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 2(01), pages 1-23.
    3. Miller, Stephen E. & Kahl, Kandice H. & Rathwell, P. James, 2000. "Evaluation Of Crop Insurance Premium Rates For Georgia And South Carolina Peaches," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 18(3), pages 1-15.
    4. Tadesse, Dawit & Blank, Steven C., 2003. "Cultivar Diversity: A Neglected Risk Management Strategy," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 28(2), pages 1-16, August.
    5. Bielza, María & Garrido, Alberto & Sumpsi, José M., 2004. "Revenue insurance as an income stabilization policy: an application to the Spanish olive oil sector," Cahiers d'Economie et de Sociologie Rurales (CESR), Institut National de la Recherche Agronomique (INRA), vol. 70.
    6. María Bielza & Alberto Garrido & José M. Sumpsi, 2004. "Revenue insurance as an income stabilization policy: an application to the Spanish olive oil sector," Cahiers d'Economie et Sociologie Rurales, INRA Department of Economics, vol. 70, pages 5-27.
    7. Norwood, F. Bailey & Roberts, Matthew C. & Lusk, Jayson L., 2002. "How Are Crop Yields Distributed?," 2002 Annual meeting, July 28-31, Long Beach, CA 19733, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. Olen, Beau & Wu, Junjie, 2013. "Supply of Insurance for Specialty Crops and its Effect on Yield and Acreage," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150787, Agricultural and Applied Economics Association.
    9. Bielza, Maria & Garrido, Alberto & Sumpsi, Jose Maria, 2002. "Revenue Insurance as an Income Stabilization Policy: An Application to the Spanish Olive Oil Sector," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24842, European Association of Agricultural Economists.

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    Keywords

    Risk and Uncertainty;

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