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contributor authorLiu, Juan
contributor authorMen, Chunhua
contributor authorCabrera, Victor E.
contributor authorUryasev, Stan
contributor authorFraisse, Clyde W.
date accessioned2017-06-09T16:18:02Z
date available2017-06-09T16:18:02Z
date copyright2008/10/01
date issued2008
identifier issn1558-8424
identifier otherams-65294.pdf
identifier urihttp://onlinelibrary.yabesh.ir/handle/yetl/4206503
description abstractThis 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.
publisherAmerican Meteorological Society
titleOptimizing Crop Insurance under Climate Variability
typeJournal Paper
journal volume47
journal issue10
journal titleJournal of Applied Meteorology and Climatology
identifier doi10.1175/2007JAMC1490.1
journal fristpage2572
journal lastpage2580
treeJournal of Applied Meteorology and Climatology:;2008:;volume( 047 ):;issue: 010
contenttypeFulltext


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