Cover crops, crop insurance losses, and resilience to extreme weather events (Record no. 134198)

MARC details
000 -LEADER
fixed length control field 02282nam a2200253Ia 4500
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022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 1467-8276
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Aglasan, Serkan
9 (RLIN) 122039
245 #0 - TITLE STATEMENT
Title Cover crops, crop insurance losses, and resilience to extreme weather events
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. American Journal of Agricultural Economics
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 1410-1434
520 ## - SUMMARY, ETC.
Abstract This study investigates whether cover crop adoption reduces extreme-weather-related crop insurance losses. To achieve this objective, we utilize a county-level panel data set with information on cover crop adoption acres, crop insurance losses (i.e., specifically due to drought, excess heat, or excess moisture), and a number of weather variables. The data cover the main row crop production region in the Midwestern United States (US) for the period 2005 to 2018. We utilize linear fixed effects econometric models and a number of robustness checks in the empirical analysis (i.e., a fractional regression approach, two "external-instrument-free" estimation procedures, and a variety of alternative empirical specifications). The estimation methods used take advantage of the panel nature of the data to address various specification and endogeneity issues. We find evidence that counties with higher cover crop adoption tend to have lower crop insurance losses due to drought, excess heat, or excess moisture. Our analysis also indicates that cover crops likely have stronger loss mitigation effects against excess moisture events (like floods) and somewhat weaker loss mitigation impacts against droughts and excess heat. Nonetheless, our results overall suggest that cover crops can enhance resilience to extreme weather events and have the potential to be an effective climate change adaptation strategy in US agriculture.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Cover Crops
9 (RLIN) 122040
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Crop Insurance Losses
9 (RLIN) 122041
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Kinky Least Squares
9 (RLIN) 122042
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Moment-based Instrumental Variable (IV)
9 (RLIN) 122043
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Panel Data
9 (RLIN) 120224
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Climate Change
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Hagen, Stephen
9 (RLIN) 122044
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Rejesus, Roderick M.
9 (RLIN) 122045
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Salas, William
9 (RLIN) 122046
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://onlinelibrary.wiley.com/doi/abs/10.1111/ajae.12431">https://onlinelibrary.wiley.com/doi/abs/10.1111/ajae.12431</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 134198
Holdings
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        Dr VKRV Rao Library Dr VKRV Rao Library 08/10/2024 Vol. 106, No. 4   AI482 08/10/2024 08/10/2024 Article Index