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Climate Change and Crop Production Insurance in Ontario

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Title: Climate Change and Crop Production Insurance in Ontario
Author: Li, Shuang
Department: Department of Food, Agricultural and Resource Economics
Program: Food, Agriculture and Resource Economics
Advisor: Ker, Alan
Abstract: The purpose of this thesis is to study the potential impacts of climate change on the Ontario Production Insurance (PI) program, through simulating climate change scenarios on crop yields. Given these yields, the insurance premium rates and reserve fund balances are assessed relative to the no climate change scenario. A mixture of two normals is used to model the yield distributions. By superimposing PI calculations onto the yield model, the insurance premium rates and reserve fund balances can be recovered for the next several decades. The simulation results suggest high climate change severity, high PI program enrollment volume, and high insurance coverage level all impose pressures on the stability of the PI premium rate and reserve fund liquidity in the long run.
URI: http://hdl.handle.net/10214/8073
Date: 2014-04
Rights: Attribution-ShareAlike 2.5 Canada


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Attribution-ShareAlike 2.5 Canada Except where otherwise noted, this item's license is described as Attribution-ShareAlike 2.5 Canada