This paper develops and applies a methodology to assess the accuracy of historical loss-cost rating procedures, similar to those used by the U.S. Department of Agriculture’s Risk Management Agency (RMA), versus alternative parametric premium estimation methods. It finds that the accuracy...

This study examines the impact of publicly supported insurance on agricultural land values. The analysis employs confidential, nationally representative panel data on field-level pastureland values and exploits a natural experiment provided by gradual introduction of the Pasture, Rangeland, and...

With weather index insurance expanding and common property resources diminishing in low-income agricultural areas, it is essential to understand the potential effects of such insurance on resources that serve as vital input bases for low-income households. Using simple analytical constructs, we...

Currently there is ample discussion among EU Institutions (European Commission, European Parliament, and Member States’ governments) on the possibility of setting up a comprehen sive EU-wide framework on risk and crises in agriculture. With the changes introduced in the proposed...

This paper focuses on the role of trade credit in agri-food supply chains, with particular reference to a context of financial turmoil and credit rationing. Trade credit enhances the resilience of firms to liquidity shocks and creates systemic risk. These features of trade credit are...

NAREA Outstanding Master's Thesis Award, NAREA Master's Thesis Award of Merit, NAREA Distinguished Member Awards, NAREA Award for Outstanding Public Service Through Economics, and NAREA's Journal Article of the Year for 2008