Many risk management strategies, including hedging the price risk using forward or futures contracts require accurate forecasts of basis, i.e., spot price minus the futures price. Recent literature in this area has applied nonlinear time-series models, which are refinements of the linear...

Immigration reform is the most polarizing legislative issues in the US. Surprisingly, despite regular polling evidence of the American public's attitudes towards immigration reform proposals, little evidence has elicited the preferences of the group most affected by any policy changes - legal...

Climatic conditions and weather play an important role in production agriculture. Using district level panels for 42 years from India and dynamic panel estimation procedure we estimate the impact of weather risk on cropping intensity. Our non-stationary and dynamic panel model results suggest...

Zambia and particularly the Eastern province have one of the highest rates of malnutrition in the world. The most vulnerable are the children from rural households which depend entirely on seasonal agricultural production and income, and survive on diets that are deficiency in proteins and other...

This study examines how the U.S. crop mix pattern has responded to climate and in turn the potential effects of projected climate change. We find that there are significant effects of temperature and precipitation on the crop choice decisions.

Research on payments for environmental services (PES) largely focuses on two contract types – cost-share and annual stewardship payments. But other types of transactions, such as tax credits, green insurance, and price premiums tied to environmental stewardship certification, can also promote...