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Share Tenancy, Ownership Structure, And Prevented Planting Claims In Crop Insurance

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  • Rejesus, Roderick M.
  • Escalante, Cesar L.
  • Lovell, Ashley C.

Abstract

A theoretical model based on opportunity cost and expected utility principles establishes linkages between the likelihood of prevented planting claims in crop insurance, existing share leasing arrangements and internal farm business structures. Results of probit estimation procedures indicate that simpler internal business structures and a more dominant farmer-tenant leasing position can increase the probability of submitting a prevented planting claim.

Suggested Citation

  • Rejesus, Roderick M. & Escalante, Cesar L. & Lovell, Ashley C., 2003. "Share Tenancy, Ownership Structure, And Prevented Planting Claims In Crop Insurance," 2003 Annual meeting, July 27-30, Montreal, Canada 22095, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea03:22095
    DOI: 10.22004/ag.econ.22095
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    References listed on IDEAS

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    1. Peter J. Barry & LeeAnn M. Moss & Narda L. Sotomayor & Cesar L. Escalante, 2000. "Lease Pricing for Farm Real Estate," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 22(1), pages 2-16.
    2. Peter J. Barry & Lindon J. Robison, 1986. "Economic versus Accounting Rates of Return for Farm Land," Land Economics, University of Wisconsin Press, vol. 62(4), pages 388-401.
    3. Johnson, James D. & Perry, Janet E. & Korb, Penelope J. & Sommer, Judith E. & Ryan, James T. & Green, Robert C. & Durst, Ron L. & Monke, James D., 2001. "Structural and Financial Characteristics of U.S. Farms: 2001 Family Farm Report," Agricultural Information Bulletins 33707, United States Department of Agriculture, Economic Research Service.
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    1. repec:ags:aaea22:335430 is not listed on IDEAS
    2. Gallagher, Nicholas James, 2024. "Dynamic Programming Methods for Characterizing In-Season Farm Management Decisions," Dissertations and Theses 344827, Ekiti State University, Ado-Ekiti, Department of Agricultural Economics and Extension Services.
    3. Sunjae Won & Roderick M. Rejesus & Barry K. Goodwin & Serkan Aglasan, 2024. "Understanding the effect of cover crop use on prevented planting losses," American Journal of Agricultural Economics, John Wiley & Sons, vol. 106(2), pages 659-683, March.
    4. Shenan Wu & Barry K. Goodwin & Keith Coble, 2020. "Moral hazard and subsidized crop insurance," Agricultural Economics, International Association of Agricultural Economists, vol. 51(1), pages 131-142, January.
    5. Christopher N. Boyer & Eunchun Park & Seong D. Yun, 2023. "Corn and soybean prevented planting acres response to weather," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 45(2), pages 970-983, June.
    6. Taehoo Kim & Man‐Keun Kim, 2018. "Ex‐post moral hazard in prevented planting," Agricultural Economics, International Association of Agricultural Economists, vol. 49(6), pages 671-680, November.
    7. Lee, Seunghyun, 2022. "Effects of Wet Spring on Prevented Planting," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322348, Agricultural and Applied Economics Association.

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