Chev.Agric - Calculating indemnity payments

emiliaemilia
in AB.Auto

Hello,

In this paper, near the top, the most important things we're supposed to know is the following:

  • concepts around self-sustainability (the specific question varies)
  • BRM programs (Business Risk Management programs) of GF2 (Growing Forward 2)
  • agricultural insurance: types of plans & calculating indemnity payments
  • historical adjustments to probable yield
  • stabilizing methods applied to probable yield data

For the third point, I'm struggling to see where they talk about calculating indemnity payments; unless I'm understanding wrong and thats more about the math section of the paper?

Thanks!

Comments

  • Staff-TSStaff-TS
    edited January 26

    You are correct, it is located in the math section of the wiki. You can check out section 4a for types of plans, and section 4b talks about indemnity and premium formulae and calculations. You can check out the prior question 2016.Spring #8c which has the indemnity equation from section 4b used in practice.

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