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Publication Information

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Title: Big assumptions for small samples in crop insurance

Author: Hungerford, Ashley Elaine; Goodwin, Barry;

Date: 2014

Source: Emerald Group Publishing Limited

Publication Series: Scientific Journal (JRNL)

Description: The purpose of this paper is to investigate the effects of crop insurance premiums being determined by small samples of yields that are spatially correlated. If spatial autocorrelation and small sample size are not properly accounted for in premium ratings, the premium rates may inaccurately reflect the risk of a loss.

Keywords: Crop insurance, Bootstrap, Copula, Spatial autocorrelation, Systemic risk, Yield distribution

Publication Notes:

  • We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
  • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.



Hungerford, Ashley Elaine; Goodwin, Barry. 2014. Big assumptions for small samples in crop insurance. Emerald Group Publishing Limited Vol. 74, Issue 4, p. 477-491.


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