Premium
Nonparametric Estimation of Crop Yield Distributions: Implications for Rating Group‐Risk Crop Insurance Contracts
Author(s) -
Goodwin Barry K.,
Ker Alan P.
Publication year - 1998
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 - 10.2307/3180276
Subject(s) - crop insurance , nonparametric statistics , yield (engineering) , estimation , crop , crop yield , actuarial science , economics , mathematics , statistics , econometrics , agronomy , agriculture , biology , ecology , materials science , management , metallurgy
We use nonparametric density estimation procedures to evaluate county‐level crop yield distributions. Implications for rating area‐yield crop insurance contracts are discussed. The procedures developed are used to measure yield risk and calculate insurance premium rates for wheat and barley in the 1995–96 Group Risk Program.