University of Illinois Urbana-Champaign

Marketing and crop insurance: a portfolio approach to risk management for Illinois corn and soybean producers

Schaffer, Brooks M.

Content Files
Schaffer_Brooks.pdf

Permalink

https://hdl.handle.net/2142/16852

Description

Title
Marketing and crop insurance: a portfolio approach to risk management for Illinois corn and soybean producers
Author(s)
Schaffer, Brooks M.
Issue Date
2010-08-20T17:59:51Z
Director of Research (if dissertation) or Advisor (if thesis)
Schnitkey, Gary D.
Department of Study
Agr & Consumer Economics
Discipline
Agr & Consumer Economics
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
M.S.
Degree Level
Thesis
Date of Ingest
2010-08-20T17:59:51Z
Keyword(s)
  • Crop Insurance
  • Marketing
  • Forward Pricing
  • Risk Management
  • Pricing Strategies
Abstract
Little research has focused on understanding how crop insurance and preharvest pricing interact so as to reduce risk or increase returns more than either if used separately. Farm-level historical simulations from 1976 through 2008 were used to analyze several marketing strategies that use both preharvest pricing and revenue based crop insurance products for corn and soybean producers in four regions of Illinois. Results indicate preharvest pricing and revenue based crop insurance, when used together, can significantly reduce risk, and in some cases increase returns. Results also indicate mechanical (passive) preharvest pricing strategies outperform dynamic (active) preharvest pricing strategies by decreasing risk and in some cases increasing returns.
Graduation Semester
2010-08
Permalink
http://hdl.handle.net/2142/16852
Copyright and License Information
Copyright 2010 Brooks Schaffer

Owning Collections

Graduate Dissertations and Theses at Illinois PRIMARY
Graduate Theses and Dissertations at Illinois
Theses - Agricultural and Consumer Economics