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Innovative Insurance Products in Food Safety: Pricing Revenue Insurance in the Fresh Spinach Industry


Abstract The lack of food safety in a grower's produce presents the grower with two risks; (1) that an item will need to be recalled from the market, incurring substantial costs and damaging brand equity and (2) that the entire market for the commodity becomes impaired as consumers associate all produce as being risky to eat. Nowhere is this more prevalent than in the leafy green industry, where recalls are relatively frequent and there has been one massive E. coli outbreak that rocked the industry in 2006. The purpose of this thesis is to examine insurance policies that protect growers from these risks. In doing this, a discussion of current recall insurance policies is presented. Further, actuarially fair premiums for catastrophic revenue insu... (more)
Created Date 2013
Contributor Pagaran, Jeremy (Author) / Manfredo, Mark R (Advisor) / Richards, Timothy J (Advisor) / Nganje, William (Committee member) / Arizona State University (Publisher)
Subject Agriculture economics / Economics / Marketing / Agriculture / Financial Engineering / Food Safety / Marketing Agreements / Produce / Risk Management
Type Masters Thesis
Extent 76 pages
Language English
Copyright
Reuse Permissions All Rights Reserved
Note M.S. Agribusiness 2013
Collaborating Institutions Graduate College / ASU Library
Additional Formats MODS / OAI Dublin Core / RIS


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Description Dissertation/Thesis