Farmer Response to Modified Crop Insurance: A Case Study of Corn in Indiana

Abstract

Abstract This study examines the potential effects on crop insurance of more detailed yield risk classifications combined with alternative premium‐setting techniques, and higher yield guarantees combined with coinsurance. Corn producers in Tippecanoe County, Indiana, were surveyed for their responses to these changes. Response to area yield insurance is also evaluated. The modified MPCI program, area yield insurance, and two types of disaster payment programs are also compared in terms of their costs and coverage.