contributor author | Liu, Juan | |
contributor author | Men, Chunhua | |
contributor author | Cabrera, Victor E. | |
contributor author | Uryasev, Stan | |
contributor author | Fraisse, Clyde W. | |
date accessioned | 2017-06-09T16:18:02Z | |
date available | 2017-06-09T16:18:02Z | |
date copyright | 2008/10/01 | |
date issued | 2008 | |
identifier issn | 1558-8424 | |
identifier other | ams-65294.pdf | |
identifier uri | http://onlinelibrary.yabesh.ir/handle/yetl/4206503 | |
description abstract | This paper studies the selection of optimal crop insurance under climate variability and fluctuating market prices. A model was designed to minimize farmers? expected losses (including insurance costs) while using the conditional-value-at-risk measure to acquire the risk-aversion level. The application of the model was illustrated by studying a farm with two crops (cotton and peanut) in Jackson County, Florida. The climate variability was caused by ENSO phenomenon. Crop-insurance contracts with minimized losses were 75% actual production history (APH) during El Niño and neutral years and 65% APH during La Niña years for peanut and 75% APH in all ENSO phases for cotton. In addition, risk-averse farmers could select 75% APH for peanut during La Niña years as a means of attaining less expected loss. | |
publisher | American Meteorological Society | |
title | Optimizing Crop Insurance under Climate Variability | |
type | Journal Paper | |
journal volume | 47 | |
journal issue | 10 | |
journal title | Journal of Applied Meteorology and Climatology | |
identifier doi | 10.1175/2007JAMC1490.1 | |
journal fristpage | 2572 | |
journal lastpage | 2580 | |
tree | Journal of Applied Meteorology and Climatology:;2008:;volume( 047 ):;issue: 010 | |
contenttype | Fulltext | |