| 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 | |
