外文翻译--设计一个区域产量农业保险合同.docVIP

本科毕业论文外文翻译 外文题目： Designing and Rating an Area Yield Crop Insurance Contract 出 处： Amer. J. Agr. Econ. 作 者： Jerry R. Skees, J. Roy Black, and Barry J. Barnett Designing and Rating an Area Yield Crop Insurance Contract This article documents the design and rate-making procedures used in the development of the Group Risk Plan (GRP}-the new federal crop insurance product that insures based on area yield. The authors of this article worked closely with personnel in the Federal Crop Insurance Corporation and others in developing methodological and practical constraints needed in implementing a workable area yield contract. GRP indemnity payments are made based on percentage shonfalls in actual county yields relative to a forecasted yield. Historical county yield data are used to develop forecasted yields and premium rates. Key words: agricultural policy, area yield, crop insurance. This journal has published several articles on area yield insurance. Halcrow published the fIrst such article in 1949. Miranda revisited the issue in 1991. In this article we document the design, rating, and implementation of the U.S. area-based yield insurance called the Group Risk Plan (GRP). Both methodological and practical constraints were imposed to develop a workable area yield contract. Much of the interest in area yield insurance has been motivated by concerns with problems with the traditional farm-loss crop insurance offered through the Federal Crop Insurance Corporation (FCIC). These problems are well documented (Congressional Commission for the Improvement of the Federal Crop Insurance Program; Goodwin and Smith; Just and Calvin; Quiggin, Karagiannis, and Stanton; Smith and Goodwin; U.S. General Accounting Office 1991, 1992). In some regions, the dual problems of adverse selection and moral hazard have resulted in low participation and high government costs. Halcrows work recognized these problems and recommended tha