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Agricultural Economics

Iowa State University

Correlations

Publication Year

Articles 1 - 2 of 2

Full-Text Articles in Insurance

Insuring Uncertainty In Value-Added Agriculture: Ethanol Production, Nicholas D. Paulson, Bruce A. Babcock, Chad E. Hart, Dermot J. Hayes Apr 2004

Insuring Uncertainty In Value-Added Agriculture: Ethanol Production, Nicholas D. Paulson, Bruce A. Babcock, Chad E. Hart, Dermot J. Hayes

CARD Working Papers

A wide variety of insurance products is available to agricultural producers to insure against yield or price risks in the markets for the raw commodities they produce. Value-added enterprises, such as ethanol production, have been expanding over the last decade. This paper outlines the development of an insurance product aimed at corn producers who are members of an ethanol production cooperative. The product has the potential to provide these producers with a new and useful risk management tool to insure against price risks in the markets for corn, distillers dried grains with solubles (DDGS), ethanol, and natural gas. Monte Carlo ...


Insuring Eggs In Baskets, Chad E. Hart, Dermot J. Hayes, Bruce A. Babcock Jul 2003

Insuring Eggs In Baskets, Chad E. Hart, Dermot J. Hayes, Bruce A. Babcock

CARD Working Papers

The vast majority of crop and revenue insurance policies sold in the United States are single-crop policies that insure against low yields or low revenues for each crop grown on a particular farm. This practice of insuring one crop at a time runs counter to the traditional risk management practice of diversifying across several enterprises to avoid putting all of ones eggs in a single basket. This paper examines the construction of whole-farm crop revenue insurance programs to include livestock. The whole-farm insurance product covers crop revenues from corn and soybeans and livestock revenues from hog production. The results show ...