... diversification strategy in agriculture. The paper aims to discuss this issue. Design/methodology/approach – The paper utilizes several tools from modern finance theory, including Conditional Value-at-Risk (CVaR) and copulas, to construct a model for the evaluation of a diversification strategy...

... US stocks, and copula estimation, the paper quantifies the correlation in potential investment portfolios. The information obtained from the copula estimated dependence measures and Value at Risk (VaR) allows to examine the diversification benefits of holding agribusiness stocks in the portfolio...

...Ryan Larsen; James W. Mjelde; Danny Klinefelter; Jared Wolfley Purpose – What copulas are, their estimation, and use is illustrated using a geographical diversification example. To accomplish this, dependencies between county-level yields are calculated for non-irrigated wheat, upland cotton...

... Agriculture Crops Insurance premiums Copulas Corn Crop yield Federal crop insurance Monte Carlo simulation Multivariate density functions Soybeans Accurate pricing of insurance is central to reducing adverse selection and encouraging insurance program participation in a cost‐effective manner...