Download or read book Nonparametric Estimation of Crop Insurance Rates Revisited written by Barry K. Goodwin and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the crop insurance program becoming the cornerstone of U.S. agricultural policy, recovering accurate rates is of paramount interest. Lack of yield data presents, by far, the most fundamental obstacle to recovery of accurate rates. This article employs new methodology to estimate conditional yield densities and derive the insurance rates. In our application, we find the nonparametric kernel density estimator requires an additional twenty-six years of yield data to estimate the shape of the conditional yield densities as accurately as the recently developed empirical Bayes nonparametric kernel density estimator. Such methodological improvements can significantly aid in ameliorating the data problem.