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Participation patterns of the rainfall index insurance for pasture, rangeland and forage programme

Recurso electrónico / Electronic resource
Registro MARC
Tag12Valor
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001  MAP20200005025
003  MAP
005  20220911211257.0
008  200219e20200101usa|||p |0|||b|eng d
040  ‎$a‎MAP‎$b‎eng‎$d‎MAP
084  ‎$a‎329
1001 ‎$0‎MAPA20200003526‎$a‎Goodrich, Brittney
24510‎$a‎Participation patterns of the rainfall index insurance for pasture, rangeland and forage programme‎$c‎Brittney Goodrich, Jisang Yu, Monte Vandeveer
520  ‎$a‎Using a novel policyholder-level data set, we analyse participants' choices of 2-month index intervals in the Rainfall Index for Pasture, Rangeland and Forage (RIPRF) insurance programme. We first provide a conceptual model that illustrates participation patterns of the rainfall index insurance. We then connect these predicted patterns to some empirical evidence from the policyholder-level data set, which is a subset of data provided by the USDA Risk Management Agency for all RI-PRF participants in Nebraska and Kansas during the years 20132017. Because the correlations between forage yield and precipitation and the expected premium subsidy vary by month, different degrees of risk aversion may predict distinctively different choices of the 2-month intervals. Using cluster analysis, we group the participants with similar allocation patterns across the 2-month intervals. We observe that the number of participants displaying relatively low levels of risk aversion increase over time. We connect this to the fact that premium subsidies and producer returns associated with non-growing season (risk-increasing) months are often greater than those for growing season (risk-reducing) months, and this has important implications for policy design. Our findings suggest that more research in this area could assist policymakers in keeping the RI-PRF programme in line with its objective of reducing risk for livestock producers.
650 4‎$0‎MAPA20080566784‎$a‎Participación
650 4‎$0‎MAPA20080578213‎$a‎Seguros agrarios
650 4‎$0‎MAPA20080584344‎$a‎Control de riesgos
650 4‎$0‎MAPA20080573362‎$a‎Precipitaciones
650 4‎$0‎MAPA20090039650‎$a‎Pastos
650 4‎$0‎MAPA20080578848‎$a‎Análisis de datos
650 4‎$0‎MAPA20080577001‎$a‎Pago de la prima
650 4‎$0‎MAPA20080554286‎$a‎Estimación
650 4‎$0‎MAPA20080611880‎$a‎Perspectivas del seguro
651 1‎$0‎MAPA20080638337‎$a‎Estados Unidos
7001 ‎$0‎MAPA20200003533‎$a‎Yu, Jisang
7001 ‎$0‎MAPA20200003540‎$a‎Vandeveer, Monte
7730 ‎$w‎MAP20077100215‎$t‎Geneva papers on risk and insurance : issues and practice‎$d‎Geneva : The Geneva Association, 1976-‎$x‎1018-5895‎$g‎01/01/2020 Volumen 45 Número 1 - enero 2020 , p. 29- 51