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Risk Management Strategies in Humid Production Regions: A Comparison of Supplemental Irrigation and Crop Insurance

机译:湿润地区的风险管理策略:补充灌溉和作物保险的比较

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摘要

Recent federal agricultural programs have accelerated the devolution of enterprise risk management responsibility from the state to individual producers Using a biophysical simulation model, the risk management benefits of federal crop insurance and supplemental irrigation are derived and compared to uninsured rainfed crop production in an expected utility framework. Federal crop insurance programs are inefficient at reducing producer exposure to weather-related production risk in humid regions, andthe risk management benefits from supplemental irrigation are found to be scale and technology dependent. Environmental policies that regulate resource development will increase the investment cost of irrigation alternatives and reduce economic feasibility.
机译:最近的联邦农业计划加快了将企业风险管理责任从州转移到个体生产者的过程。使用生物物理模拟模型,得出了联邦作物保险和补充灌溉的风险管理收益,并将其与预期效用框架中未保险的雨养作物生产进行了比较。联邦作物保险计划无法有效降低生产者在潮湿地区遭受与天气相关的生产风险的风险,补充灌溉带来的风险管理收益被发现与规模和技术有关。规范资源开发的环境政策将增加灌溉替代品的投资成本,并降低经济可行性。

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