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Computing Average Per Acre Indemnity Payments for Corn in Iowa

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Abstract

In 1996, two new crop insurance products--Crop Revenue Coverage and Income Protection--were introduced to insure against losses in revenue, as opposed to the traditional multiple-peril crop insurance that insures against crop yield losses. Using yield and price difference distributions in 1,000 simulation runs, the corn yields for all 99 Iowa counties and futures prices were collected. Estimates of average per acre indemnities for all three insurance products at the county and state levels are presented.

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  • Chad E. Hart & Darnell B. Smith, 1996. "Computing Average Per Acre Indemnity Payments for Corn in Iowa," Center for Agricultural and Rural Development (CARD) Publications 96-wp163, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    • Handle: RePEc:ias:cpaper:96-wp163
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    Cited by:

    1. Dhuyvetter, Kevin C. & Kastens, Terry L., 1999. "Linkages Between Crop Insurance and Pre-Harvest Hedging," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 31(1), pages 41-56, April.

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