根据数据确定植物生长阶段,改进天气指数保险设计

IF 1.5 Q3 AGRICULTURAL ECONOMICS & POLICY Agricultural Finance Review Pub Date : 2024-08-15 DOI:10.1108/afr-01-2024-0015
Jing Zou, Martin Odening, Ostap Okhrin
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引用次数: 0

摘要

目的 本文旨在改进天气指数保险设计中植物生长阶段的划分。我们提出了一种数据驱动的阶段划分方法,它能最大限度地减少天气-产量关系中的估计误差,并研究它是否能替代基于专家的植物生长阶段确定方法。设计/方法/途径以冬大麦为例,我们根据物候学报告和专家指示将整个生长周期划分为四个子阶段,并通过各自产量模型的估计误差来评估各个生长阶段起点和终点的所有组合。我们采用了一些最常用的统计和机器学习方法来模拟天气与产量之间的关系,并对每种选定的方法进行了应用。此外,我们还发现数据驱动法与专家法得出的划分点相似。在统计模型方面,就产量模型预测准确性而言,支持向量机排名第一,多项式回归排名最后;然而,不同方法的性能仅表现出细微差别。此外,它还评估了统计和机器学习方法在作物产量预测方面的性能。所建议的阶段划分方法与先进的统计方法相结合,为改进天气指数保险设计提供了很好的途径。
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Data-driven determination of plant growth stages for improved weather index insurance design

Purpose

This paper aims to improve the delimitation of plant growth stages in the context of weather index insurance design. We propose a data-driven phase division that minimizes estimation errors in the weather-yield relationship and investigate whether it can substitute an expert-based determination of plant growth phases. We combine this procedure with various statistical and machine learning estimation methods and compare their performance.

Design/methodology/approach

Using the example of winter barley, we divide the complete growth cycle into four sub-phases based on phenology reports and expert instructions and evaluate all combinations of start and end points of the various growth stages by their estimation errors of the respective yield models. Some of the most commonly used statistical and machine learning methods are employed to model the weather-yield relationship with each selected method we applied.

Findings

Our results confirm that the fit of crop-yield models can be improved by disaggregation of the vegetation period. Moreover, we find that the data-driven approach leads to similar division points as the expert-based approach. Regarding the statistical model, in terms of yield model prediction accuracy, Support Vector Machine ranks first and Polynomial Regression last; however, the performance across different methods exhibits only minor differences.

Originality/value

This research addresses the challenge of separating plant growth stages when phenology information is unavailable. Moreover, it evaluates the performance of statistical and machine learning methods in the context of crop yield prediction. The suggested phase-division in conjunction with advanced statistical methods offers promising avenues for improving weather index insurance design.

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来源期刊
Agricultural Finance Review
Agricultural Finance Review AGRICULTURAL ECONOMICS & POLICY-
CiteScore
3.70
自引率
18.80%
发文量
24
期刊介绍: Agricultural Finance Review provides a rigorous forum for the publication of theory and empirical work related solely to issues in agricultural and agribusiness finance. Contributions come from academic and industry experts across the world and address a wide range of topics including: Agricultural finance, Agricultural policy related to agricultural finance and risk issues, Agricultural lending and credit issues, Farm credit, Businesses and financial risks affecting agriculture and agribusiness, Agricultural policies affecting farm or agribusiness risks and profitability, Risk management strategies including the use of futures and options, Rural credit in developing economies, Microfinance and microcredit applied to agriculture and rural development, Financial efficiency, Agriculture insurance and reinsurance. Agricultural Finance Review is committed to research addressing (1) factors affecting or influencing the financing of agriculture and agribusiness in both developed and developing nations; (2) the broadest aspect of risk assessment and risk management strategies affecting agriculture; and (3) government policies affecting farm profitability, liquidity, and access to credit.
期刊最新文献
Multi-step commodity forecasts using deep learning Regional analysis of agricultural bank liquidity Data-driven determination of plant growth stages for improved weather index insurance design Utilizing FSA conservation loan programs to support farm conservation activities Evaluation of alternative farm safety net program combination strategies
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