Purpose – The authors aim to investigate what influences a Farm Credit System association to make a patronage refund payment. In particular, they seek to investigate what causes the regional heterogeneity in the patronage refund payment decision. It is unclear whether patronage refunds have...

Pro forma financial performance evaluation of agricultural producers is an important issue for lenders, internal management and policy makers. Lenders strive to improve their credit risk management. Internal management is interested in understanding the financial impacts of alternative strategic...

This study uses the cohort approach to estimate the credit risk migration probability of farm business. Using data from the Farm Business and Farm Management, this study rates the credit risk into 10 risk levels plus a default level, defines a farm business cycle with peak, normal and trough...

In classical Bühlmann credibility models, claims are assumed to be independent between different risks. In many practical situations, however, this assumption may be violated because there are situations that could drive possible relationship among the insured individuals. This paper aims to...

The estimation of loss reserves for incurred but not reported (IBNR) claims presents an important task for insurance companies to predict their liabilities. Conventional methods, such as ladder or separation methods based on aggregated or grouped claims of the so-called "run-off triangle", have...

Gap times between recurrent events are often encountered in longitudinal follow-up studies related to medical science, biostatistics, econometrics, reliability, criminology, demography, and other areas. There have been many models to fit such data, such as proportional hazards (PH) model and...

In this paper jackknifing technique is examined for functions of the parametric component in a partially linear regression model with serially correlated errors. By deleting partial residuals a jackknife-type estimator is proposed. It is shown that the jackknife-type estimator and the usual...