Fig 1.
Illustration of the payment structures for a two-year YP.
Table 1.
Actuarially fair premium rates (AFPR) for two-and three-year YPs.
Table 2.
The set of two-year coverage level (β) and one-year coverage level (γ) given the same AFPR for different levels of correlation for yields across years.
Table 3.
Correlation results for the top 10 production counties in four states based on county-level NASS data.
Table 4.
Estimation results based on Clayton copula.
Table 5.
Adair County in Iowa (Corn) for Two-and Three-Year YP (54% Single Year Coverage and 70% Two- Year Coverage).
Table 6.
Adair County in Iowa (Corn) for Two-and Three-Year YP (60% Single Year Coverage and 80% Two-Year Coverage).
Table 7.
AFPR under Different Coverage Level of Indemnity (54% Single Year Coverage Level).