Purpose – The purpose of this paper is to examine the effect of credit constraints on agricultural productivity in China. Design/methodology/approach – Using data from a rural financial survey, a switching regression model is used to account for endogeneity and heterogeneity. Carter presents...

Purpose – The purpose of this paper is to examine the effect of credit constraints on agricultural productivity in China. Design/methodology/approach – Using data from a rural financial survey, a switching regression model is used to account for endogeneity and heterogeneity. Carter presents...

Purpose – While the demand for weather‐based agricultural insurance in developed regions is limited, there exists significant potential for the use of weather indexes in developing areas. The purpose of this paper is to address the issue of historical data availability in designing...

This study develops a method to estimate the probability density function of the Federal Risk Management Agency’s (RMA’s) net income from reinsuring crop insurance for corn, wheat, and soybeans. When calibrated using 1997 data, results from the advocated method show that in 1997 there was a...

This study estimates the probability density function of the government’s net income from reinsuring crop insurance for corn, wheat, and soybeans. Based on 1997 data, it is estimated there is a 5% probability that the government will need to reimburse at least $1 billion to insurance...

Purpose – While the demand for weather-based agricultural insurance in developed regions is limited, there exists significant potential for the use of weather indexes in developing areas. The purpose of this paper is to address the issue of historical data availability in designing actuarially...