Systemic risk in U.S. crop reinsurance programs
2003
Mason, Chuck | Hayes, Dermot J. | Lence, Sergio H.
This study develops a method to estimate the probability density function of the Federal Risk Management Agency’s (RMA’s) net income from reinsuring crop insurance for corn, wheat, and soybeans. When calibrated using 1997 data, results from the advocated method show that in 1997 there was a 5% probability RMA would have had to reimburse at least $1 billion to insurance companies, and the fair value of RMA’s insurance services to insurance firms in 1997 was $78.7 million.
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书目信息
其它主题
United states; Corn
语言
英语
注释
Includes references
类型
Journal Article; Text
2024-02-27
MODS