Crop Insurance Decisions and Financial Characteristics of Farms

Author(s):  
H. Leathers
2005 ◽  
Author(s):  
William M. Edwards

2004 ◽  
Vol 86 (1) ◽  
pp. 103-114 ◽  
Author(s):  
Bruce J. Sherrick ◽  
Peter J. Barry ◽  
Paul N. Ellinger ◽  
Gary D. Schnitkey

2019 ◽  
Vol 48 (02) ◽  
pp. 297-327 ◽  
Author(s):  
Nathan DeLay

I directly estimate the acre-for-acre impact of crop insurance participation on Conservation Reserve Program (CRP) enrollment at the county level. The government may be sponsoring competing interests if subsidized insurance expands production at the expense of CRP. I employ an instrumental variables technique to correct for endogeneity in insurance decisions. Results suggest that an additional 1,000 acres insured reduces CRP enrollment by about three acres, though effect sizes vary by region. Local policy initiatives such as conservation compliance incentives could help offset local environmental consequences of converting land from CRP to insured production.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Kwame Asiam Addey ◽  
John Baptist D. Jatoe ◽  
George Tsey-Mensah Kwadzo

PurposeThe aim of this paper is to identify the factors that influence rice farmers' decisions to adopt crop insurance and premium payments (willingness to pay [WTP] amounts). The paper also demonstrates the usefulness of the complementary log-log (cloglog) truncated Poisson double-hurdle model as an alternative hurdle model.Design/methodology/approachThe study first investigated the nature of the dependent variable, which had non-normal residuals and was overdispersed. The probit truncated normal regression double-hurdle model was tried but it failed the normality and homoscedasticity tests; hence, the cloglog truncated Poisson double-hurdle model was employed in the study.FindingsAn estimated 61% of respondents would purchase crop insurance, despite farmers not having prior experience with this product. Amongst others, the factors that influence insurance adoption amongst rice farmers are the share of rice in total income, reliability perception of crop insurance schemes and the probability of failure to achieve target yields. The latter helps the authors to address adverse selection, a central issue to the viability of such an insurance programme. The determinants of farmers' WTP are also identified.Research limitations/implicationsSampling was limited to farmers using irrigation and living in one region of Ghana, which may limit the study’s wider applicability.Originality/valueAs far as the authors are aware, this study is the first to select the appropriate hurdle model based on established properties of the dependent variable on this topic – crop insurance decisions.


2018 ◽  
Vol 75 ◽  
pp. 459-467 ◽  
Author(s):  
Shah Fahad ◽  
Jing Wang ◽  
Guangyin Hu ◽  
Hui Wang ◽  
Xiaoying Yang ◽  
...  

2017 ◽  
Vol 35 (2) ◽  
pp. 136-154 ◽  
Author(s):  
Amelia R. Muse ◽  
Angela L. Lamson ◽  
Katharine W. Didericksen ◽  
Jennifer L. Hodgson

2010 ◽  
Vol 38 (8) ◽  
pp. 30
Author(s):  
MARY ELLEN SCHNEIDER
Keyword(s):  

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