HEDGING CROP RISK WITH WEATHER INDEX AND INDIVIDUAL CROP INSURANCE

This paper provides a theoretical analysis for the optimal portfolio of weather index and individual crop insurance in farm level under mean-variance framework and stresses the impacts of risk aversion level, transaction cost, and basis risk. An empirical application of corn farms in Todd county of Kentucky is applied to.

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Year of publication:	2004
Authors:	Hao, Jianqiang ; Kanakasabai, Murali ; Skees, Jerry R. ; Dillon, Carl R.
Institutions:	Southern Agricultural Economics Association - SAEA
Subject:	Risk and Uncertainty

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Extent:	application/pdf
Series:	2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma Number 34796
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005805280