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Revenue Insurance for Georgia and South Carolina Peaches

Published online by Cambridge University Press:  28 April 2015

Stephen E. Miller ,
Kandice H. Kahl  and
P. James Rathwell
Stephen E. Miller
Affiliation:
Department of Agricultural and Applied Economics, Clemson University
Kandice H. Kahl
Affiliation:
Department of Agricultural and Applied Economics, Clemson University
P. James Rathwell
Affiliation:
Department of Agricultural and Applied Economics, Clemson University
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Abstract

We estimate actuarially fair premium rates for yield and revenue insurance for Georgia and South Carolina peaches. The premium rates for both products decrease at a decreasing rate as the mean farm-level yield increases. In general, the premium rate for revenue insurance exceeds the premium rate for yield insurance for a given coverage level and expected yield. Although the revenue and yield insurance rates differ in a statistical sense, they do not appear to differ in an economic sense except at high coverage levels for growers with very high yields.

Keywords

crop insurancepeachesrevenue insuranceyield insurance
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 32 , Issue 1 , April 2000 , pp. 123 - 132
Copyright
Copyright © Southern Agricultural Economics Association 2000

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