期刊名称：Journal of Agricultural and Resource Economics
印刷版ISSN：1068-5502
出版年度：2017
卷号：42
期号：1
页码：27-44
出版社：WAEA
摘要：Whole-farm revenue insurance is frequently suggested as a conceptually attractive alternativeto commodity-specific insurance, but attempts to deliver farm-level whole-farm revenueinsurance (FWFI) have been fraught with underwriting and actuarial challenges. This studydevelops customizable area-based whole-farm insurance (CAWFI) that overcomes some knownimpediments to existing designs. Certainty equivalents are generated for representative farms inKansas, North Dakota, Illinois, and Mississippi.We find that a restricted CAWFI design generatessignificant risk reduction at much lower cost than FWFI.
