结合农作物保险产品和营销头寸的风险管理策略排名

Rankings of Risk Management Strategies Combining Crop Insurance Products and Marketing Positions

American Journal of Agricultural Economics · 2001
被引 7
人大 AABS 3

中文导读

利用1976至1999年爱荷华州五个县的历史数据,对九种风险管理策略(结合农作物保险和营销工具)进行排名,发现E-Markets的DRC定价工具与CRC农作物保险的组合在降低收入风险方面表现最佳。

Abstract

Farmers can choose from a wide selection of crop insurance products and marketing strategies. Combinations of these risk management tools have varying effects on the user's risk environment. In this paper, the authors rank nine risk management strategies for their impacts on average returns, certainty equivalent returns, and risk premiums. The analysis is conducted using historical price and yield data for 1976 to 1999 in five Iowa counties. The results show the benefits of crop insurance in reducing revenue risk. Also, given that the producer will forward contract some of his or her crop, the combination of E-Markets' Decision Rules for Contracts (DRC) pricing tool and Crop Revenue Coverage (CRC) crop insurance receives the highest ranking.

农作物保险营销策略风险管理收入风险