Agricultural Finance Review: Volume 75 Issue 1

Behavioral economic insights on index insurance design

Michael Carter, Ghada Elabed, Elena Serfilippi

While behavioral economic experiments have uncovered a wealth of insights concerning how people decide in the face of risk and uncertainty, the implications of these insights for…

Challenges in the design of crop revenue insurance

Barry K. Goodwin

The federal crop insurance program has become the cornerstone of US agricultural policy. Since its introduction in the mid-1990s, crop revenue insurance has grown in prominence…

Meso-level weather index insurance: Overcoming low risk reduction potential of micro-level approaches

Ron Weber, Wilm Fecke, Imke Moeller, Oliver Musshoff

Using cotton yield, and rainfall data from Tajikistan, the purpose of this paper is to investigate the magnitude of weather induced revenue losses in cotton production. Hereby the…

Designing catastrophic bonds for catastrophic risks in agriculture: Macro hedging long and short rains in Kenya

Lin Sun, Calum G. Turvey, Robert A. Jarrow

– The purpose of this paper is to outline a pricing formula for the valuation of catastrophic (CAT) bonds as applied to multiple trigger drought risks in Kenya.

A financial engineering approach to pricing agricultural insurances

Hirbod Assa

The purpose of this paper is to introduce a continuous time version of the speculative storage model of Deaton and Laroque (1992) and to use for pricing derivatives, in particular…

Agricultural risk management using NDVI pasture index-based insurance for livestock producers in south west Buenos Aires province

Roberto Dario Bacchini, Daniel Fernando Miguez

Based on the Normalized Difference Vegetation Index (NDVI)-based insurance developed by the Ministry of Agriculture, Livestock and Fisheries of Argentina (MAGyP) with technical…

Is there a demand for multi-year crop insurance?

Maria Osipenko, Zhiwei Shen, Martin Odening

– The purpose of this paper is to examine the aggregate demand for single- and multi-year crop insurance contracts and to discuss market potential for multi-year crop insurances.

Factors affecting farmers’ willingness to purchase weather index insurance in the Hainan Province of China

Jia Lin, Milton Boyd, Jeffrey Pai, Lysa Porth, Qiao Zhang, Ke Wang

The purpose of this paper is to explain the factors affecting farmers’ willingness to purchase weather index insurance for crops in China, in the Province of Hainan, and to also…

$25 spring wheat was a bubble, right?

Xiaoli Liao Etienne, Scott H. Irwin, Philip Garcia

The purpose of this paper is to test for bubbles in the US hard red spring (HRS) wheat market from 2004 to 2014, with particular focus on 2007-2008 when the market experienced…

Human resource risk and succession planning: Implementing an integrated personal and financial consulting model in New York State

A Edward Staehr

The purpose of this paper is to illustrate the benefits of utilizing teams of personal and financial consultants to work with farm families in New York State on issues affecting…

Guest editorial

Assistant Professor Lysa Porth and Professor ßKen Seng Tan