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Actuarial Effects of Unit Structure in the U.S. Actual Production History Crop Insurance Program

Published online by Cambridge University Press:  28 April 2015

Thomas O. Knight  and
Keith H. Coble
Thomas O. Knight
Affiliation:
Department of Agricultural Economics, Texas A&M University, College Station, Texas
Keith H. Coble
Affiliation:
Department of Agricultural Economics, Mississippi State University, Mississippi State, Mississippi
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Abstract

This paper examines the effects of optional subdivision on APHP losses for wheat, corn, and soybeans. Thirty-seven state/crop programs are analyzed and the implications of the results are discussed in relation to newly developed crop and revenue insurance programs. The results illustrate the importance of incorporating actuarial experience into the premium rate structure and contract provisions of an insurance program.

Keywords

Actual Production History Program (APHP)crop insurance programs
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 31 , Issue 3 , December 1999 , pp. 519 - 535
Copyright
Copyright © Southern Agricultural Economics Association 1999

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