Share Tenancy, Ownership Structure, and Prevented Planting Claims in Crop Insurance |
| |
| Authors: | Roderick M Rejesus Cesar L Escalante Ashley C Lovell |
| |
| Institution: | Roderick M. Rejesus is assistant professor, Department of Agricultural and Applied Economics at Texas Tech University;Cesar L. Escalante is assistant professor, Department of Agricultural and Applied Economics at the University of Georgia;and Ashley C. Lovell is Director of Agricultural Programs and Center for Agribusiness Excellence, Tarleton State University. |
| |
| Abstract: | A conceptual model based on opportunity cost and expected utility principles establishes linkages between the likelihood of prevented planting claims in crop insurance and existing share leasing arrangements/internal farm business structures. Results of heteroskedastic probit estimation procedures indicate that simpler internal business structures and more dominant farmer–tenant leasing position can increase the probability of submitting a prevented planting claim. |
| |
| Keywords: | crop insurance opportunity costs prevented planting share leasing |
|
