HEDGING CROP RISK WITH WEATHER INDEX AND INDIVIDUAL CROP INSURANCE

This paper provides a theoretical analysis for the optimal portfolio of weather index and individual crop insurance in farm level under mean-variance framework and stresses the impacts of risk aversion level, transaction cost, and basis risk. An empirical application of corn farms in Todd county of Kentucky is applied to.


Issue Date:
2004
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/34796
Total Pages:
20
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-04-26

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