Determining Indemnity and premium rate of two- year yield insurance for rice varieties (case study: Noukandeh-ka county of Qaimshahr city)

Document Type : Research Paper

Authors

• somayeh shirzadi Laskookalayeh ¹
• Fatemeh Zanjani ²
• Seyed Mojtaba Mojaverian ³
• Fatemeh Kashiri Kolaei ⁴

¹ Asistant Prof., Department of Agricultural Economic, Faculty of Agricultural Engineering, Sari Agricultural Sciences and Natural Resources University. Mazandaran. Iran

² MSc Student of Agricultural Economics, Sari Agricultural Sciences and Natural Resources University

³ Associate Professor., Department of Agricultural Economic, Faculty of Agricultural Engineering, Sari Agricultural Sciences and Natural Resources University. Mazandaran. Iran.

⁴ Assistant Professor of Agricultural Economics-Sari University of Agricultural Sciences and Natural Resources

10.30495/jae.2024.33238.2422

Abstract

The purpose of this study is to introduce two-year yield insurance and determine the premium rate and Indemnity of two-year yield insurance for rice paddy crop in Nokandeh-ka county of Mazandaran province Qaimshahr city. The data required for the study were collected from the Agricultural Products Insurance Fund and Agricultural Jihad Department of Qaimshahr and Noukandeh- ka county in the year 2021. In this study, the probability distribution function (including normal, beta and gamma distribution) was calculated and was estimated best probability distribution for the probability of annual Indemnity and the end of two years of each Tarom and Shiroudi varieties. Then, based on the partial payment method introduced by Chen and Goodwin, one-year and two-year insurance coverage levels and partial payments were determined and created a scenario. The results of the study showed that the insurance premium rate determined for the Shiroudi variety is higher than the Tarom variety. The results showed that an increase in the insurance coverage level leads to an increase in Indemnity and insurance premium rate,

Keywords

• coverage level
• guaranteed yield
• partial insurance payments
• probability of Indemnity
• two-year yield insurance

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