Crop Insurance Savings Accounts: A Viable Alternative to Crop Insurance?
نویسندگان
چکیده
منابع مشابه
Weather Insurance Savings Accounts
Better insurance against rainfall risk could improve the security of hundreds of millions of agricultural households around the world. This paper theoretically and experimentally analyzes an innovative financial product called a Weather Insurance Savings Account (WISA), which combines savings and rainfall insurance. We index the insurance share of the WISA by γ ∈ [0, 1] and use a standard model...
متن کامل2007 Crop Insurance Summary
All agricultural producers face recurring risks, significant among them being production risk. Many factors contribute to production risk, including adverse weather conditions such as drought or floods, fires, insects or pests, and disease. These events can devastate a crop, significantly reducing yield and farmer revenue. Since the only way to completely avoid all production risks is to stop p...
متن کاملCrop Insurance and Disaster Assistance
Reform (FAIR) Act implemented farm program contract payments that do not increase as agricultural prices fall, shifting farm policy toward a greater emphasis on risk management and, in particular, on crop insurance. This shift has resulted in the introduction of new types of insurance policies; especially those that provide both yield and price protection. Several new and innovative crop polici...
متن کاملDesigning Optimal Crop Revenue Insurance
When the indemnity schedule is contingent on the farmer’s price and individual yield, an optimal crop revenue insurance contract depends only on the farmer’s gross revenue. However, this design is not efficient if, as is the case with available contracts, the coverage function is based on imperfect estimators of individual yield and/or price. The producer’s degree of prudence and the extent of ...
متن کاملAn Evaluation of Social Insurance Savings Accounts
Many countries have reformed, or plan to reform, their pension system, often replacing defined benefits with some sort of savings account. In recent years proposals have been made to apply personal savings accounts also to other elements of social insurance, such as unemployment insurance, social assistance or parental leave compensation. This paper evaluates the consequences of replacing these...
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ژورنال
عنوان ژورنال: Applied Economic Perspectives and Policy
سال: 2014
ISSN: 2040-5790,2040-5804
DOI: 10.1093/aepp/ppu002