Crop Credit Insurance and Technical Change in Agricultural Development: A Theoretical Analysis
构建了一个跨期资本风险模型，分析作物保险如何缓解小农户因借贷采用新技术而增加的财务风险，从而促进其参与农业信贷项目。
The participation of small farmers in developing countries in agricultural credit programs is limited by the financial risk resulting from borrowing heavily to finance the adoption of new technology. A simple intertemporal model of capital risk is presented which models the small farmer's decision to borrow to adopt new technology. Graphical and mathematical analysis indicate that crop insurance can help alleviate the risk-augmenting effect of borrowing, and thereby encourage small farmer participation in credit programs.