A multinomial logit is utilized to model the choice of whether to purchase yield or revenue insurance using subjectively elicited survey data. Our results indicate that the demand for crop insurance is inelastic (-0.40), consistent with most earlier yield elasticity estimates, but the elasticity...

Indiana, Mississippi, and Nebraska producers' forward pricing behavior was analyzed with Tobit models. Percent debt, percent soybean acres, risk aversion, market consultants, comfort level with futures and options, lenders' opinions, written marketing plans, crop insurance, and geographic...

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