The paper considers the benefit to agricultural producers from commodity price insurance that provides in every year, but in advance of the resolution of production and price uncertainty, a minimum price for a fixed or variable portion of production. Under the assumption that producers do not...

The paper considers the benefit to agricultural producers from commodity price insurance that provides in every year, but in advance of the resolution of production and price uncertainty, a minimum price for a fixed or variable portion of production. Under the assumption that producers do not...

In this paper we apply the technical inefficiency effect model to a set of eight different crop products (i.e., wheat, mixed arable crops, tobacco, cotton, olive oil, fruits, vegetables, and greenhouse horticulture) in Greek agriculture. For each product, a panel data set covering the period...