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Economics of Agricultural Crop Insurance : Theory and Evidence :  Theory and Evidence - Darrell L. Hueth

Economics of Agricultural Crop Insurance : Theory and Evidence

Theory and Evidence

By: Darrell L. Hueth (Editor), William H. Furtan (Editor)

Hardcover Published: 1st April 2002
ISBN: 9780792394358
Number Of Pages: 380

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Government subsidized crop insurance has been used by a number of developed countries as a mechanism to reduce farm income instability by reducing yield risks. This book provides an in-depth analysis and evaluation of government provided crop insurance in developed countries. The book is organized into three sections: Part one presents background material on crop insurance programs in the U.S., Canada and selected other countries. Part two provides some analytical models of multiple peril crop insurance which suggest the possibility of modification of design which could improve performance and which explores theoretical linkages between crop insurance decisions and other producer decisions previously not analyzed. The main part of the book is Part three, where the results of a series of empirical studies using databases particularly designed to answer crop insurance questions are presented. This part of the book tests a number of the hypotheses which were raised in Parts one and two regarding reasons for the view widely held by economists that crop insurance has not functioned well.

Historical Perspectives and Overall Performance
Crop Insurance in U.S. Farm Policyp. 17
An Aggregate Analysis of Canadian Crop Insurance Policyp. 45
All-Risk Crop Insurance: Lessons From Theory and Experiencep. 73
Conceptual Issues
The Optimal Design of Crop Insurancep. 115
Agricultural Insurance, Production and the Environmentp. 135
Crop Insurance in the Context of Canadian and U.S. Farm Programsp. 167
Applications and Policy Studies
An Empirical Analysis of U.S. Participation in Crop Insurancep. 205
Crop Insurance and Crop Production: An Empirical Study of Moral Hazard and Adverse Selectionp. 253
Crop Insurance Decisions and Financial Characteristics of Farmsp. 273
Risk Reduction from Diversification and Crop Insurance in Saskatchewanp. 293
Crop Insurance and Agricultural Chemical Usep. 307
Land Use Issues - Crop Insurance: Its Influence on Land and Input Use Decisions in Saskatchewanp. 323
Providing Catastrophic Yield Protection Through a Targeted Revenue Programp. 349
Author Indexp. 363
Subject Indexp. 369
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780792394358
ISBN-10: 0792394356
Series: Natural Resource Management and Policy
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 380
Published: 1st April 2002
Publisher: Springer
Country of Publication: NL
Dimensions (cm): 23.5 x 15.5  x 3.18
Weight (kg): 0.74