Marketing and crop insurance: a portfolio approach to risk management for Illinois corn and soybean producers
Schaffer, Brooks M.
Loading…
Permalink
https://hdl.handle.net/2142/16852
Description
Title
Marketing and crop insurance: a portfolio approach to risk management for Illinois corn and soybean producers
Author(s)
Schaffer, Brooks M.
Issue Date
2010-08-20T17:59:51Z
Director of Research (if dissertation) or Advisor (if thesis)
Schnitkey, Gary D.
Department of Study
Agr & Consumer Economics
Discipline
Agr & Consumer Economics
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
M.S.
Degree Level
Thesis
Keyword(s)
Crop Insurance
Marketing
Forward Pricing
Risk Management
Pricing Strategies
Abstract
Little research has focused on understanding how crop insurance and preharvest pricing interact so as to reduce risk or increase returns more than either if used separately. Farm-level historical simulations from 1976 through 2008 were used to analyze several marketing strategies that use both preharvest pricing and revenue based crop insurance products for corn and soybean producers in four regions of Illinois. Results indicate preharvest pricing and revenue based crop insurance, when used together, can significantly reduce risk, and in some cases increase returns. Results also indicate mechanical (passive) preharvest pricing strategies outperform dynamic (active) preharvest pricing strategies by decreasing risk and in some cases increasing returns.
Use this login method if you
don't
have an
@illinois.edu
email address.
(Oops, I do have one)
IDEALS migrated to a new platform on June 23, 2022. If you created
your account prior to this date, you will have to reset your password
using the forgot-password link below.
