Insurance

Weather Index Insurance and the Pricing of Spatial Basis Risk

From an empirical point of view this paper investigates basis risk using a novel approach to space measurement to quantify risk for weather index insurance.

Designing Rainfall Insurance Contracts for Pasture, Rangeland, and Forage

In the paper, preliminary results of the analysis of potential use of climate forecast information in designing rainfall index insurance in the southeastern region of the U.S. are reported.

Whole Farm Income Insurance in a Canadian Context

This paper employs mean-variance and mean-skewness optimization to investigate farmers’ crop choices under Gross Revenue Insurance (GRIP), Whole Farm Income Insurance, the Canadian Agricultural Income Stabilization program, and its modified 2008 program A

U.S. Cotton Acreage Response Due to Subsidized Crop Insurance

U.S. farm policy has undergone a series of premium subsidy increases since 1994 to make crop insurance more affordable to farmers. Previous research shows that subsidized crop insurance may cause farmers to shift or expand their production.

Intelligent design of index insurance for smallholder farmers and pastoralists

Despite their compelling logic, index insurance contracts that transfer risk from smallholder farmers and pastoralists have met with sometimes indifferent demand and low uptake by the intended beneficiaries.

Index-based livestock insurance in Mongolia

The Mongolian rural economy is based on livestock reared by semi-nomadic herders. Agriculture contributes around 20 percent of the country?s gross domestic product, and herding accounts for more than 80 percent of agriculture. According to the 2008 livestock census, Mongolia has about 44 million head of livestock, consisting of goats, sheep, cattle, yaks, horses, and camels.