Showing 1 - 10 of 16
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
feedstocks are also estimated and show that the 20MGYplant can tolerate greater ethanol and feedstock price risk than the 10MGY …
Persistent link: https://www.econbiz.de/10009020535
In order to more fully study the risks and uncertainty involved in cellulosic ethanol production, we examine a simulated plant in South Louisiana using Real Options Analysis
Persistent link: https://www.econbiz.de/10009020915
conclude that the cost of forward contracting for January delivery is partly compensation for the counterparty risk borne by … soybeans for January delivery. This indicates that cash flow risk may be more important than risk of default by the farmer …
Persistent link: https://www.econbiz.de/10010881173
Farm-level Census data and county-level income shock data reveal that past unexpected income shocks affect the rate of change in average farm size. Average farm size increases more quickly in counties experiencing negative income shocks as compared to counties experiencing positive income...
Persistent link: https://www.econbiz.de/10005320275
otherwise take and this risk taking behavior is exacerbated by subsidy. …
Persistent link: https://www.econbiz.de/10009020490
We theoretically examine a farmer’s coverage demand with area and individual insurance plans as either separate or integrated options. The individual and area losses are assumed to be imperfectly and positively correlated. With actuarially fair rates, the farmer will fully insure with the...
Persistent link: https://www.econbiz.de/10009002509
Rankings of different risk management portfolios including Average Crop Revenue Election (ACRE), traditional government … yield risks are studied. Also, Interactions between ACRE and other risk management instruments are examined, and government … costs and risk management efficiencies between ACRE and traditional government programs are compared. The results show a …
Persistent link: https://www.econbiz.de/10009020500
The association between prices and yields are of paramount importance to the crop insurance programs. Proper estimation of the association is highly desirable. Copulas are one such method to measure the dependence structure. Five single parametric copulas, a non- parametric copula and their...
Persistent link: https://www.econbiz.de/10009020924
to the risk management is the yield risk may be underestimated under the common selection -- Beta distribution. A mixed …
Persistent link: https://www.econbiz.de/10009021224