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Farmer Response to Modified Crop Insurance: A Case Study of Corn in Indiana
Author(s) -
Vandeveer Monte L.,
Loehman Edna T.
Publication year - 1994
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1243927
Subject(s) - crop insurance , yield (engineering) , payment , agricultural science , business , agricultural economics , crop , property insurance , insurance policy , actuarial science , economics , general insurance , finance , agriculture , environmental science , geography , forestry , materials science , archaeology , metallurgy
This study examines the potential effects on crop insurance of more detailed yield risk classifications combined with alternative premium‐setting techniques, and higher yield guarantees combined with coinsurance. Corn producers in Tippecanoe County, Indiana, were surveyed for their responses to these changes. Response to area yield insurance is also evaluated. The modified MPCI program, area yield insurance, and two types of disaster payment programs are also compared in terms of their costs and coverage.