Crop-Yield Distributions Revisited
TLDR
This paper revisited the issue of crop-yield distributions using improved model specifications, estimation, and testing procedures that address the concerns raised in recent literature, which could have invalidated previous findings of yield nonnormality.Abstract:
This article revisits the issue of crop-yield distributions using improved model specifications, estimation, and testing procedures that address the concerns raised in recent literature, which could have invalidated previous findings of yield nonnormality. It concludes that some aggregate and farm-level yield distributions are nonnormal, kurtotic, and right or left skewed, depending on the circumstances. The advantages of utilizing nonnormal versus normal probability distribution function models, and the consequences of incorrectly assuming crop-yield normality are explored.read more
Citations
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Journal ArticleDOI
Probabilistic estimates of drought impacts on agricultural production
TL;DR: This paper developed a multivariate probabilistic model that uses projected climatic conditions (e.g., precipitation amount or soil moisture) throughout a growing season to estimate the probability distribution of crop yields.
Journal ArticleDOI
Heterogeneity and Distributional Form of Farm-Level Yields
Roger Claassen,Richard E. Just +1 more
TL;DR: In this article, the authors used the extensive potential of government farm-level crop insurance data and evaluated a broader set of parametric distributional possibilities than previously, finding that the systematic intra-county variation is surprisingly strong.
Journal ArticleDOI
Crop Yield Distributions: A Reconciliation of Previous Research and Statistical Tests for Normality
TL;DR: This paper revisited the large but inconclusive body of research on crop yield distributions using competing techniques across 3,852 crop/county combinations and found that corn and soybeans yields are negatively skewed while they tend to become more normal as one moves away from the Corn Belt.
Journal ArticleDOI
More than Mean Effects: Modeling the Effect of Climate on the Higher Order Moments of Crop Yields
TL;DR: In this article, the authors proposed the use of moment functions and maximum entropy techniques as a flexible approach for estimating conditional crop yield distributions, which is easily estimated using standard econometric estimators.
Journal ArticleDOI
Relaxing Heteroscedasticity Assumptions in Area-Yield Crop Insurance Rating
TL;DR: In this paper, the effect of differing heteroscedasticity assumptions on derived premium rates of area-yield crop insurance was examined using both in-sample and out-of-sample measures.
References
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Evaluating Robust Regression Techniques for Detrending Crop Yield Data with Nonnormal Errors
Scott M. Swinton,Robert P. King +1 more
TL;DR: In this paper, the authors used the DFBETAS regression diagnostic statistic to estimate the trend coefficient of crop yield trend in the United States, where an influential end-of-series outlier is suspected.
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Estimation and use of the inverse hyperbolic sine transformation to model non-normal correlated random variables
TL;DR: In this paper, a method for estimating multivariate non-normality in crop yields and prices over time, using the inverse hyperbolic sine transformation of corn, soya bean and wheat yields, is presented.
Journal ArticleDOI
Farm-level nonparametric analysis of cost-minimization and profit-maximization behavior
TL;DR: In this article, the authors investigated nonparametrically the optimizing behavior of a sample of 289 Kansas farms under profit-maximization and cost-minimization hypotheses, using both deterministic and stochastic nonparametric tests.
Journal ArticleDOI
Non-Parametric and Semi-Parametric Techniques for Modeling and Simulating Correlated, Non-Normal Price and Yield Distributions: Applications to Risk Analysis in Kansas Agriculture
TL;DR: In this paper, a semi-parametric and nonparametric approach is used to examine the risk situation for Kansas agriculture and the results from the model indicate that 2000 will be another difficult year for Kansas farmers, although crop income will increase slightly from 1999.
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