Crop Insurance Principles and Risk Implications for China

Pai, Jeffrey; Qiao, Zhang; Wang, Ke

doi:10.1080/10807039.2011.571072

Cited by 25 publications

(20 citation statements)

References 9 publications

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“…Boyd et al [5] examine the main principles underlying crop insurance. They suggest some possible solutions to the challenges for crop insurance development in the emerging economies (especially China), based on the experience of some developed agricultures (USA and Canada).…”

Section: Issues Related To Agriculture Developmentmentioning

confidence: 99%

An econometric approach to factors affecting crop insurance in Romania

Dragoş¹,

Mare²

2014

E+M

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Section: Issues Related To Agriculture Developmentmentioning

confidence: 99%

An econometric approach to factors affecting crop insurance in Romania

Dragoş¹,

Mare²

2014

E+M

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“…Adopting enterprises that are alternative to regular crop or livestock production, such as income from farm based tourism, processing component within a farm, and high-valued organic produce, have also been studied as possible risk mitigation and income diversification methods for agricultural farms [14,27]. Moreover, many studies have examined insurance purchase decisions as risk mitigation approaches [10,28,29]. Nevertheless, limited studies have assessed the decisions of adopting multiple strategies simultaneously.…”

Section: Introductionmentioning

confidence: 99%

Economic Sustainability and Multiple Risk Management Strategies: Examining Interlinked Decisions of Small American Farms

Adhikari

Khanal

2021

Sustainability

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Economic viability of small farms and farming businesses depends on multiple factors. These farms have limited production and financial resources to maintain their operation. Therefore, to sustain farming, adopting appropriate risk management strategies is a pivotal decision for small farmers. We surveyed Tennessee’s small farms and utilized multivariate probit models to study factors influencing the adoption of various risk management strategies. Our findings suggest that the decisions related to the adoption of risk management strategies are significantly interlinked. Along with factors representing the operator’s age, education, and farm operator’s income and land holdings, we also found that the government incentives (payments), smartphones, and farmers’ continuation plan significantly influence the strategic decisions of adopting risk management strategies.

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“…Therefore, there may be a potential opportunity for pooling within this insurance sector. For an example of the crop insurance program in Canada, see Boyd et al ().…”

Section: Introductionmentioning

confidence: 99%

A Portfolio Optimization Approach Using Combinatorics With a Genetic Algorithm for Developing a Reinsurance Model

Porth¹,

Pai²

2014

J of Risk & Insurance

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Some insurance firms challenged with a portfolio of high‐variance risks face the classic trade‐off between risk spreading and risk retaining. Using crop insurance as an example, a new solution to this problem is undertaken to uncover an improved reinsurance design. Joint self‐managed reinsurance pooling and private reinsurance are combined in a portfolio approach utilizing combinatorial optimization with a genetic algorithm (Model C), achieving high surplus, high survival probability, and low deficit at ruin. This portfolio model may also be useful for other large natural disaster and weather‐related insurance portfolios, and other portfolio applications.

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Crop Insurance Principles and Risk Implications for China

Abstract: Firms within various sectors of an economy are often faced with a number of risks. These risks can be relatively sudden and large, especially if they are weather related.

Cited by 25 publications

References 9 publications

An econometric approach to factors affecting crop insurance in Romania

An econometric approach to factors affecting crop insurance in Romania

Economic Sustainability and Multiple Risk Management Strategies: Examining Interlinked Decisions of Small American Farms

A Portfolio Optimization Approach Using Combinatorics With a Genetic Algorithm for Developing a Reinsurance Model

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