Showing 1 - 10 of 123
offers enhanced downside risk protection against low prices or declining revenue. The farm bill secured substantial …
Persistent link: https://www.econbiz.de/10011125503
farmers' overall risk exposure and profitability is unclear. Self-selection and market dynamics have masked the direct effect … effect on risk exposure and, ultimately, profitability. I find that crop insurance increases debt holdings and acres cash … insurance crowds out other risk-management strategies without improving farm profitability. …
Persistent link: https://www.econbiz.de/10011069019
This work outlines the quantitative procedures and results of the policy effects for alternative designs of federal revenue-based farm income safety net programs on eight individual representative farms across the state of Nebraska. Measures include financial impacts of the farm crop...
Persistent link: https://www.econbiz.de/10010916538
policy from income support to risk management. A mix of price- and revenue-based commodity programs as well as yield- and … revenue-based insurance products provide crop producers a complex portfolio of risk management tools and choices. To make … effective risk management decisions, crop producers must integrate farm programs and crop insurance alternatives in a …
Persistent link: https://www.econbiz.de/10010878690
Payment-for-environmental-services (PES) programs are the focus of increasing attention globally. While existing PES programs can observe who participates and who does not, the reasons for nonparticipation can be opaque. Taking advantage of a unique stated preference data set that includes a...
Persistent link: https://www.econbiz.de/10009020447
This paper examines the spatial externalities of conventional and organic pest control methods to determine if, and how, the two types affect each other. These interactions make the problem more complicated than the usual analysis of a single externality. The numerical simulation model includes...
Persistent link: https://www.econbiz.de/10009021153
The MILC program, a counter-cyclical income support program, was designed to provide price support to dairy farmers. Since the inception of the MILC program it has been argued that the program is inefficient and rewards inefficiency by keeping high cost, small dairy farms in business. Large...
Persistent link: https://www.econbiz.de/10009021163
It seems paradoxical that until recently, developed countries have continued subsidizing agriculture even though their agricultural sectors had been declining in relative importance since the middle of the 20th century. What drives support for agricultural protection—the broad array of...
Persistent link: https://www.econbiz.de/10011068543
expected utility maximization framework is set up to analyze the trade-offs between higher risk protection and larger subsidy …
Persistent link: https://www.econbiz.de/10011070057
) rates tend to underestimate the risk in the lower coverage levels (50% and 60%). At the level of 70% of coverage the …
Persistent link: https://www.econbiz.de/10010916252