Ex-ante analysis of corn and soybean revenue in Illinois with crop insurance and government payment programs
Kramer, Clayton
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https://hdl.handle.net/2142/29701
Description
Title
Ex-ante analysis of corn and soybean revenue in Illinois with crop insurance and government payment programs
Author(s)
Kramer, Clayton
Issue Date
2012-02-06T20:11:51Z
Director of Research (if dissertation) or Advisor (if thesis)
Schnitkey, Gary D.
Department of Study
Agr & Consumer Economics
Discipline
Agricultural & Applied Econ
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
M.S.
Degree Level
Thesis
Keyword(s)
ex-ante returns
crop insurance
government payment programs
crop revenue risk
Abstract
This study analyzes how ex-ante returns and risk have changed over time while using crop insurance and government payment programs. Historical simulations are constructed from 1989 to 2010 for corn and soybean producers in McLean County, Illinois, to measure the impact of crop insurance and government payments annually. Results indicate that corn and soybeans producers are exposed to less downside price risk with crop insurance and government payments after 2007. In addition, after 1996 for corn and 1999 for soybean expected revenue performs significantly better with government payments and crop insurance rather than without.
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