Abstract
Abstract Commercial yield insurances are not available for Finnish farmers. However, local legislation and the Common Agricultural Policy (CAP) in the EU are moving towards commercial yield insurances. The crop damage compensation (CDC) programme implemented in Finland will expire within a few years and CAP rules suggest premium support of up to 65% for commercial yield insurances. Regardless of these major changes, Finnish insurance companies have not yet shown great interest in supplying insurance schemes. We strongly believe that this is due to uncertainty over the yields to be insured. Asymmetric information is a well-established phenomenon in the insurance industry. In yield insurances, it results from farmers having better knowledge of their yields than insurance companies. This paper estimates the unknown and latent farm-level crop yield distribution that is consistent with the indemnity frequency realized under the CDC programme implemented in Finland. The frequency of granted indemnity payments r...
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
