MALLEE WHEAT FARMERS DEMAND FOR CROP AND RAINFALL INSURANCE Reportar como inadecuado




MALLEE WHEAT FARMERS DEMAND FOR CROP AND RAINFALL INSURANCE - Descarga este documento en PDF. Documentación en PDF para descargar gratis. Disponible también para leer online.

Producers' demand for a crop insurance program with indemnities based on their actual yields and a rainfall insurance program with indemnities based on area rainfall is analysed. Actuarial costs of these hypothetical programs are estimated. Tobit procedures are used to analyse factors influencing the amount which farmers would be willing to pay for the alternative insurance programs. Factors related to the absolute size of risk and capacity to bear risk, as well as personal characteristics and risk attitudes of producers, have effects on the demand for insurance as hypothesised. Problems of adverse selection are associated with the area yield-based program, while both crop and rainfall insurance programs may involve some moral hazard. Producer participation in either program would be limited.

Issue Date: 1988-04

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/22917 Published in: Australian Journal of Agricultural Economics, Volume 32, Number 1 Page range: 37-49

Total Pages: 13

Record appears in: Australian Agricultural and Resource Economics Society (AARES) > Australian Journal of Agricultural Economics





Autor: Patrlck, George F.

Fuente: http://ageconsearch.umn.edu/record/22917?ln=en







Documentos relacionados