Premium Rate Determination in the Federal Crop Insurance Program: What Do Averages Have to Say about Risk?
This article reviews actuarial procedures used to calculate premium rates in the federal crop insurance program. Average yields are used as an important indicator of risk under current rating practices. The strength and validity of this relationship is examined using historical yield data drawn from...
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| Format: | Article |
| Language: | English |
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Western Agricultural Economics Association
1994-12-01
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| Series: | Journal of Agricultural and Resource Economics |
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| Online Access: | https://ageconsearch.umn.edu/record/30747 |