Ex-ante analysis of corn and soybean revenue in Illinois with crop insurance and government payment programs

This study analyzes how ex-ante returns and risk have changed over time while using crop insurance and government payment programs. Historical simulations are constructed from 1989 to 2010 for corn and soybean producers in McLean County, Illinois, to measure the impact of crop insurance and government payments annually. Results indicate that corn and soybeans producers are exposed to less downside price risk with crop insurance and government payments after 2007. In addition, after 1996 for corn and 1999 for soybean expected revenue performs significantly better with government payments and crop insurance rather than without.

Name thesis:degree_name

M.S.

Level thesis:degree_level

Thesis

Discipline thesis:degree_discipline

Agricultural & Applied Econ

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2012

Author dc:creator

• Kramer, Clayton

Contributors dc:contributor

• Schnitkey, Gary D.

• ex-ante returns
• crop insurance
• government payment programs
• crop revenue risk

Statement dc:rights

• Copyright 2011 Clayton Kramer

Language dc:language

en

Handle dc:identifier

http://hdl.handle.net/2142/29701

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/29701