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.Risk and Uncertainty,

Dillon, Carl R.

Hao, Jianqiang

Kanakasabai, Murali

Skees, Jerry R.

English

Research Papers in Economics

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HEDGING CROP RISK WITH WEATHER INDEX AND INDIVIDUAL CROP INSURANCE

HEDGING CROP RISK WITH WEATHER INDEX AND INDIVIDUAL CROP INSURANCE

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