文章基本信息

标题：Evaluating Crop and Revenue Insurance Products as Risk Management Tools for Texas Cotton Producers
本地全文：下载
作者：Field, James E. ; Misra, Sukant K. ; Ramirez, Octavio A. 等
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2003
页码：39-52
出版社：Food Distribution Research Society
摘要：This paper develops and illustrates the application of a procedure to evaluate and compare the cost effectiveness of alternative crop insurance products for cotton in terms of their effect on expected producer net returns and the variation of net returns. Farm unit-level cotton yields and state-level price distributions are estimated by a multivariate nonnormal parametric modeling procedure and used to simulate the net returns to alternative crop insurance products over a 10-year planning horizon. The ranking of alternative insurance products using third-degree stochastic dominance is presented for Texas cotton producers.
关键词：cotton;crop insurance;multivariate nonnormal parametric modeling;stochastic dominance