Evaluating the Interaction between Farm Programs with Crop Insurance and Producers' Risk Preferences

A stochastic simulation model is used to simulate crop revenues net of farm policy and crop insurance costs. Certainty equivalent analysis is used to rank farm policy and crop insurance alternatives for varying levels of risk aversion.

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Year of publication:	2013
Authors:	Davis, Todd D. ; Anderson, John D. ; Young, Robert E.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	farm management \| risk management \| Farm Management \| Risk and Uncertainty

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Extent:	application/pdf
Series:	2013 AAEA: Crop Insurance and the Farm Bill Symposium, October 8-9, Louisville, KY.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2013 AAEA: Crop Insurance and the Farm Bill Symposium Number 156753
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010909112