| dc.contributor.author |
Ramirez, OA |
en |
| dc.contributor.author |
Carpio, CE |
en |
| dc.contributor.author |
Rejesus, RM |
en |
| dc.date.accessioned |
2014-06-06T06:50:52Z |
|
| dc.date.available |
2014-06-06T06:50:52Z |
|
| dc.date.issued |
2011 |
en |
| dc.identifier.issn |
10682805 |
en |
| dc.identifier.uri |
http://62.217.125.90/xmlui/handle/123456789/5197 |
|
| dc.relation.uri |
http://www.scopus.com/inward/record.url?eid=2-s2.0-84874620170&partnerID=40&md5=44144d959fdaa6d4b2266283cca4eceb |
en |
| dc.subject |
Agricultural subsidies |
en |
| dc.subject |
Crop insurance premium estimation |
en |
| dc.subject |
Loss-cost procedures |
en |
| dc.subject |
Risk Management Agency |
en |
| dc.title |
Can crop insurance premiums be reliably estimated? |
en |
| heal.type |
journalArticle |
en |
| heal.publicationDate |
2011 |
en |
| heal.abstract |
This paper develops and applies a methodology to assess the accuracy of historical loss-cost rating procedures, similar to those used by the U.S. Department of Agriculture's Risk Management Agency (RMA), versus alternative parametric premium estimation methods. It finds that the accuracy of loss-cost procedures leaves much to be desired, but can be markedly improved through the use of alternative methods and increased farm-level yield sample sizes. Evidence suggests that the high degree of inaccuracy in crop insurance premium estimations through historical loss-cost procedures identified in the paper might be a major factor behind the need for substantial government subsidies to keep the program solvent. Copyright 2011 Northeastern Agricultural and Resource Economics Association. |
en |
| heal.journalName |
Agricultural and Resource Economics Review |
en |
| dc.identifier.issue |
1 |
en |
| dc.identifier.volume |
40 |
en |
| dc.identifier.spage |
81 |
en |
| dc.identifier.epage |
94 |
en |