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Inventory and Transformation Hedging Effectiveness in Corn Crushing

Dahlgran, Roger A. - In: Journal of Agricultural and Resource Economics 34 (2009) 1

Recently developed ethanol futures contracts now allow direct-hedging by ethanol producers. This study examines the … effectiveness of one-through eight-week hedges between 2005 and 2008. Our findings show (a) ethanol inventory hedging effectiveness … is significant for two-week and longer hedges, and increases with the hedging horizon; (b) ethanol futures are …

Persistent link: https://www.econbiz.de/10004991683

Revenue Protection for Organic Producers: Too Much or Too Little?

Singerman, Ariel; Hart, Chad E.; Lence, Sergio H. - In: Journal of Agricultural and Resource Economics 37 (2012) 3

A framework is developed to examine organic crop insurance established by the Risk Management Agency (RMA). Given that the RMA links organic and conventional crop prices, the model is calibrated to reflect both markets to illustrate the impacts that pricing has on insurance coverage. Findings...

Persistent link: https://www.econbiz.de/10011143214

MODELING THE EFFECT OF UNCERTAINTY ON TIMBER HARVEST: A SUGGESTED APPROACH AND EMPIRICAL EXAMPLE

Kooten, G. Cornelis van; van Kooten, R.E.; Brown, G.L. - In: Journal of Agricultural and Resource Economics 17 (1992) 01

A method is suggested for modeling uncertainty when there is a lack of information concerning the effect of forest management decisions on tree growth. Dynamic programming is used to investigate the optimality of alternative management strategies. The model is illustrated with an empirical...

Persistent link: https://www.econbiz.de/10005484155

FARM OPERATING RISK AND CASH RENT DETERMINATION

Turvey, Calum G.; Baker, Timothy G.; Weersink, Alfons - In: Journal of Agricultural and Resource Economics 17 (1992) 01

This article examines farm operating risks and cash-rent determination through the use of the efficient set mathematics. The efficient set mathematics proves to be a pragmatic approach to characterizing operating risks, and the relationships between operating risks and cash-rent determination....

Persistent link: https://www.econbiz.de/10005484264

Techniques for Multivariate Simulation from Mixed Marginal Distributions with Application to Whole-Farm Revenue Simulation

Anderson, John D.; Harri, Ardian; Coble, Keith H. - In: Journal of Agricultural and Resource Economics 34 (2009) 1

Alternative techniques for representing dependencies among variables in multivariate simulation are discussed and compared in the context of rating a whole-farm insurance product. A procedure by lman and Conover (IC) that is common in actuarial applications is compared to a new technique...

Persistent link: https://www.econbiz.de/10004991678

THE VALUE OF REDUCING TEMPORAL INPUT NONUNIFORMITIES

Babcock, Bruce A.; Blackmer, Alfred M. - In: Journal of Agricultural and Resource Economics 17 (1992) 02

The producer value of reducing temporal uncertainty concerning the level of soil nitrate is estimated for corn production in Iowa. The reduction in uncertainty is obtained through use of a late-spring nitrate test. Parametric representations of conditional densities of soil nitrates are used...

Persistent link: https://www.econbiz.de/10005484160

Economic Consequences of Pierceâ€™s Disease and Related Policy in the California Winegrape Industry

Alston, Julian M.; Fuller, Kate B.; Kaplan, Jonathan D.; … - In: Journal of Agricultural and Resource Economics 38 (2013) 2

Since 2000, approximately $50 million per year has been spent to control infestations of the Glassy-Winged Sharpshooter (GWSS), an insect that spreads Pierceâ€™s Disease (PD). This amount includes the costs of state and federal efforts to monitor and control the GWSS, research on PD/GWSS,...

Persistent link: https://www.econbiz.de/10011143219

The Informational Content of Distant-Delivery Futures Contracts

Schnake, Kristin N.; Karali, Berna; Dorfman, Jeffrey H. - In: Journal of Agricultural and Resource Economics 37 (2012) 2

Futures markets have two main goals: price discovery and risk management. Because management decisions often have to be made on a time horizon longer than the time until expiration of the nearby futures contract, it is important to determine how well distant-delivery futures contracts are able...

Persistent link: https://www.econbiz.de/10010918107

Crop Yield Skewness and the Normal Distribution

Hennessy, David A. - In: Journal of Agricultural and Resource Economics 34 (2009) 1

Empirical studies point to negative crop yield skewness, but the literature provides few clear insights as to why. This paper formalizes three points on the matter. Statistical laws on aggregates do not imply a normal distribution. Whenever the weather-conditioned mean yield has diminishing...

Persistent link: https://www.econbiz.de/10004991679

Spatio-temporal Risk and Severity Analysis of Soybean Rust in the United States

Bekkerman, Anton; Goodwin, Barry K.; Piggott, Nicholas E. - In: Journal of Agricultural and Resource Economics 33 (2008) 3

Soybean rust is a highly mobile infectious disease and can be transmitted across short and long distances. Soybean rust is estimated to cause yield losses that can range between 1%-25%. An analysis of spatio-temporal infection risks within the United States is performed through the use of a...

Persistent link: https://www.econbiz.de/10005805443