Evaluating Changes to Prevented Planting Provision on Moral Hazard

Prevented planting provision in crop insurance protects producers from failure to plant attributable to natural causes. We determined the impact of this provision at various crop insurance coverage levels on prevented planting claims and ex post moral hazard. The moral hazard incentive in the preven...

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Bibliographic Details
Published in:Journal of agricultural and applied economics 2019-05, Vol.51 (2), p.315-327
Main Authors: Boyer, Christopher N., Aaron Smith, S.
Format: Article
Language:English
Subjects:
Agricultural economics
Agricultural production
Agriculture
Corn
Crop insurance
Crop production
Expected utility
Indemnity
Insurance
Insurance coverage
Insurance policies
Moral hazard
Planting
Revenue
Soil erosion
Soybeans
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