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Economic Analysis of Crop Insurance Alternatives Under Surface Water Curtailment Uncertainty

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  • Falconer, Lawrence L.
  • Richardson, James W.

Abstract

This paper reports SERF analysis to help rice landlords in the Upper Coastal Bend of Texas evaluate alternative crop insurance combinations of yield loss and prevented planting coverage levels given uncertainty related to surface irrigation water curtailment. For baseline and high curtailment probability scenarios, prevented planting buy up is preferred.

Suggested Citation

  • Falconer, Lawrence L. & Richardson, James W., 2013. "Economic Analysis of Crop Insurance Alternatives Under Surface Water Curtailment Uncertainty," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 142990, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea13:142990
    DOI: 10.22004/ag.econ.142990
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    References listed on IDEAS

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    1. J. Brian Hardaker & James W. Richardson & Gudbrand Lien & Keith D. Schumann, 2004. "Stochastic efficiency analysis with risk aversion bounds: a simplified approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(2), pages 253-270, June.
    2. Richardson, James W. & Mapp, Harry P., Jr., 1976. "Use Of Probabilistic Cash Flows In Analyzing Investments Under Conditions Of Risk And Uncertainty," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 8(2), pages 1-6, December.
    3. Richardson, James W. & Klose, Steven L. & Gray, Allan W., 2000. "An Applied Procedure For Estimating And Simulating Multivariate Empirical (Mve) Probability Distributions In Farm-Level Risk Assessment And Policy Analysis," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(2), pages 1-17, August.
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    Cited by:

    1. McCorkle, Dean A. & Dudensing, Rebekka M. & Hanselka, Dan & Hellman, Ed W., 2016. "Economics of Robotic Technology in Texas Wine Grape Production," 2016 Annual Meeting, February 6-9, 2016, San Antonio, Texas 230005, Southern Agricultural Economics Association.
    2. McCorkle, Dean & Dudensing, Rebekka & Hanselka, Dan & Hellman, Ed, 2016. "Evaluating the Potential for Precision Mechanization in U.S. Wine Grape Production," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235880, Agricultural and Applied Economics Association.

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    Keywords

    Production Economics; Risk and Uncertainty;

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