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crop insurance
The Design of an Optimal Area Yield Crop Insurance Contract
      
This article focuses on the design of a crop insurance contract when the indemnity is based on the aggregate yield of a surrounding geographical area.
      
Powell report, dry-land farming, irrigation, shelterbelts, and crop insurance - to name but a few.
      
Powell report, dry-land farming, irrigation, shelterbelts, and crop insurance - to name but a few.
      
This paper presents the views of experts from the crop insurance sector, the property-casualty insurance sector, and from the atmospheric sciences sector based on atmospheric research accomplished for the insurance industry for decades.
      
Considerable climatological analyses have been employed in the past by the crop insurance industry, but less by property insurers.
      
Studies of long-lived hailstorms in Saskatchewan, Canada from crop insurance data
      
Two of the data sets were observational data and the third was a set of crop insurance data.
      
The crop insurance data was the least spatially-biased data available for rural areas.
      
Agricultural crop insurance policies could be a considerable way to promote risks reduction for both farmers and processors.
      
A similar dynamic lies behind the push to expand coverage of crop insurance.
      
A further crop insurance subsidy beyond this point would be exactly analogous to an area payment, which would also induce some production effect.
      
As already mentioned, crop insurance is targeted to yields which are the main source of variability.
      
But beyond that level the farmer would move out of crop insurance and into hedging.
      
Both crop insurance and price hedging are voluntary market schemes.
      
Both crop insurance and government payments are influential to farmers' welfare improvement.
      
Buckwheat does not have access to a crop insurance program.
      
Check with your crop insurance agent for changes in crop insurance coverage and signup deadlines for your county.
      
Concerning crop insurance, if transactions costs are high, some government subsidy may be needed to induce farmers to insure even part of their crop.
      
Crop insurance and price hedging are the most effective instruments in reducing risk but they also induce the largest production effects.
      
 

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