Population growth, industrialization, and urbanization in the past 200 years have resulted in local, national, and global pollution of our environment. Markets, when designed properly, can be a powerful agent to combat this pollution. Environmental finance is thus the art and science of using...

A comparison of decision rules has been made for case studies of corn production using subsurface drip irrigation under three agricultural management practices (no irrigation, uniform irrigation, and variable rate irrigation). The uniform irrigation strategy appeared to perform the best than the...

Two stage Discrete Sequential Stochastic Program is employed to investigate the farm adaptation under global climatic change. Multiple sources of production risk and adaptation are modeled providing a comprehensive farm impact assessment under future climate. Results indicate efficient...

This paper provides a theoretical analysis for the optimal portfolio of weather index and individual crop insurance in farm level under mean-variance framework and stresses the impacts of risk aversion level, transaction cost, and basis risk. An empirical application of corn farms in Todd county...

One of the potential management practices of precision agriculture (PA) is the capability of varying input application rate across a field. A potential benefit of that practice is the reduction in yield variability. Temporal reduction in yield variability can also be achieved through irrigation...

The primary objective of this research is to integrate various avenues of risk management to provide a unified risk management strategy for the Kentucky producer. In addition the optimal insurance purchasing behavior and the impact of moral hazard on the optimal decisions of producers across...