Exploiting the Relationship between Farm-Level Yields and County-Level Yields for Applied Analysis
County-level yield data are used in applied research and crop insurance policy in place of farm-level yield data, which are likely sparse, not broadly representative, and subject to selection bias. We exploit the fact that county-level yields are the aggregate of farm-level yields to derive bounds t...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Western Agricultural Economics Association
2014-08-01
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| Series: | Journal of Agricultural and Resource Economics |
| Subjects: | |
| Online Access: | https://ageconsearch.umn.edu/record/186590 |
| _version_ | 1818447087496331264 |
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| author | Scott Gerlt Wyatt Thompson Douglas Miller |
| author_facet | Scott Gerlt Wyatt Thompson Douglas Miller |
| author_sort | Scott Gerlt |
| collection | DOAJ |
| description | County-level yield data are used in applied research and crop insurance policy in place of farm-level yield data, which are likely sparse, not broadly representative, and subject to selection bias. We exploit the fact that county-level yields are the aggregate of farm-level yields to derive bounds that can be reduced to direct relationships between county- and farm-level yields under certain conditions. Simulation experiments indicate that crop insurance premium estimates derived from this method have the potential for bias in certain conditions but are reasonably precise in other conditions, suggesting that these relationships are a new tool for applied analysts. |
| first_indexed | 2024-12-14T19:58:03Z |
| format | Article |
| id | doaj.art-7258641d38f24a99b3a3052910503bb9 |
| institution | Directory Open Access Journal |
| issn | 1068-5502 2327-8285 |
| language | English |
| last_indexed | 2024-12-14T19:58:03Z |
| publishDate | 2014-08-01 |
| publisher | Western Agricultural Economics Association |
| record_format | Article |
| series | Journal of Agricultural and Resource Economics |
| spelling | doaj.art-7258641d38f24a99b3a3052910503bb92022-12-21T22:49:14ZengWestern Agricultural Economics AssociationJournal of Agricultural and Resource Economics1068-55022327-82852014-08-0139225327010.22004/ag.econ.186590186590Exploiting the Relationship between Farm-Level Yields and County-Level Yields for Applied AnalysisScott GerltWyatt ThompsonDouglas MillerCounty-level yield data are used in applied research and crop insurance policy in place of farm-level yield data, which are likely sparse, not broadly representative, and subject to selection bias. We exploit the fact that county-level yields are the aggregate of farm-level yields to derive bounds that can be reduced to direct relationships between county- and farm-level yields under certain conditions. Simulation experiments indicate that crop insurance premium estimates derived from this method have the potential for bias in certain conditions but are reasonably precise in other conditions, suggesting that these relationships are a new tool for applied analysts.https://ageconsearch.umn.edu/record/186590agricultural riskcrop insurancecrop yield distributions |
| spellingShingle | Scott Gerlt Wyatt Thompson Douglas Miller Exploiting the Relationship between Farm-Level Yields and County-Level Yields for Applied Analysis Journal of Agricultural and Resource Economics agricultural risk crop insurance crop yield distributions |
| title | Exploiting the Relationship between Farm-Level Yields and County-Level Yields for Applied Analysis |
| title_full | Exploiting the Relationship between Farm-Level Yields and County-Level Yields for Applied Analysis |
| title_fullStr | Exploiting the Relationship between Farm-Level Yields and County-Level Yields for Applied Analysis |
| title_full_unstemmed | Exploiting the Relationship between Farm-Level Yields and County-Level Yields for Applied Analysis |
| title_short | Exploiting the Relationship between Farm-Level Yields and County-Level Yields for Applied Analysis |
| title_sort | exploiting the relationship between farm level yields and county level yields for applied analysis |
| topic | agricultural risk crop insurance crop yield distributions |
| url | https://ageconsearch.umn.edu/record/186590 |
| work_keys_str_mv | AT scottgerlt exploitingtherelationshipbetweenfarmlevelyieldsandcountylevelyieldsforappliedanalysis AT wyattthompson exploitingtherelationshipbetweenfarmlevelyieldsandcountylevelyieldsforappliedanalysis AT douglasmiller exploitingtherelationshipbetweenfarmlevelyieldsandcountylevelyieldsforappliedanalysis |