SHARE TENANCY, OWNERSHIP STRUCTURE, AND PREVENTED PLANTING CLAIMS IN CROP INSURANCE

A theoretical model based on opportunity cost and expected utility principles establishes linkages between the likelihood of prevented planting claims in crop insurance, existing share leasing arrangements and internal farm business structures. Results of probit estimation procedures indicate that s...

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Bibliographic Details
Main Authors Rejesus, Roderick M, Escalante, Cesar L, Lovell, Ashley C
Format Conference Proceeding
LanguageEnglish
Published 2003
Subjects
Crop Production
Industries
Risk and Uncertainty
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Summary:A theoretical model based on opportunity cost and expected utility principles establishes linkages between the likelihood of prevented planting claims in crop insurance, existing share leasing arrangements and internal farm business structures. Results of probit estimation procedures indicate that simpler internal business structures and a more dominant farmer-tenant leasing position can increase the probability of submitting a prevented planting claim.
Bibliography:http://purl.umn.edu/22095