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The probability of a severe infestation ranges from 2% to 98% depending on investment in monitoring, prevention, and response technology. Given the estimated potential for economic damages, preliminary results indicate that prudent investment in prevention and early response net a present value...
Persistent link: https://www.econbiz.de/10005525709
Replaced with revised version of paper 02/15/06.
Persistent link: https://www.econbiz.de/10005500202
Copy on AgEcon Search replaced with a revised copy 2/14/06.
Persistent link: https://www.econbiz.de/10005483467
, Tennessee, and Virginia, taking into account the effect of wealth, revenue risk, and farm program provisions. Estimated …
Persistent link: https://www.econbiz.de/10005311012
management strategies under various risk preferences and utility-weighted certainty equivalent risk premiums. Yields, input rates …, risk analysis indicates CRP would be the preferred strategy for some risk-averse managers. …
Persistent link: https://www.econbiz.de/10005311020
Three marketing strategies (selling a put option, cash sale at harvest, and cash sale in June) are simulated based on historical values and ranked based on certainty equivalents for a representative irrigated and dryland cotton farm Scenario analysis is also used to compare varying yield values.
Persistent link: https://www.econbiz.de/10005536592
One of the most fundamental and traditional risk management tools available to agricultural producers is a savings … met when unexpected shortfalls in income occur. Crop insurance, another risk management tool, likely reduces the cash …
Persistent link: https://www.econbiz.de/10008922453
Risk Management Agency’s (RMA) Yield Protection, Revenue Protection, and Revenue Protection-Harvest Price Exclusion crop …
Persistent link: https://www.econbiz.de/10008922599
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/10008922603
SCO. The results suggest that Revenue Protection combined with STAX is the optimal insurance selection for both risk … neutral and risk averse producers. …
Persistent link: https://www.econbiz.de/10011125394