Implications and evaluation of crop insurance choices for cotton farmers under the 2014 farm bill

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dc.creatorLuitel, Kishor P.
dc.creatorHudson, Darren (TTU)
dc.creatorKnight, Thomas (TTU)
dc.date.accessioned2023-04-07T18:50:00Z
dc.date.available2023-04-07T18:50:00Z
dc.date.issued2018
dc.description© The Author(s) 2018. cc-by-nc-nd
dc.description.abstractThe Agricultural Act of 2014 introduced new crop insurance policies to manage agricultural risk, especially to cotton farmers. A representative farm panel was used to elicit the yield distribution of the farm, county, and correlation. Results suggest that the optimal underlying insurance policy is Revenue Protection at a 75% coverage level for both high- and low-productivity farms even with a Yield Exclusion provision. The Stacked Income Protection Plan benefit is mostly attributable to a higher insurance premium subsidy. For any crop, efficient agricultural risk management can be achieved through understanding the guaranteed yield and its relation to the farm and county yield.
dc.identifier.citationLuitel, K.P., Hudson, D., & Knight, T.. 2018. Implications and evaluation of crop insurance choices for cotton farmers under the 2014 farm bill. Journal of Agricultural and Applied Economics, 50(4). https://doi.org/10.1017/aae.2018.15
dc.identifier.urihttps://doi.org/10.1017/aae.2018.15
dc.identifier.urihttps://hdl.handle.net/2346/92631
dc.language.isoeng
dc.subject2014 Farm Bill
dc.subjectCorrelation
dc.subjectcotton representative farm simulation
dc.subjectcrop insurance
dc.subjectelicitation
dc.subjectSCO endorsement
dc.subjectSTAX
dc.subjectYield Exclusion
dc.titleImplications and evaluation of crop insurance choices for cotton farmers under the 2014 farm bill
dc.typeArticle

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