This paper analyses the optimal hedging decisions for risk-averse producers facing crop risk, assuming crop yield insurance futures and options can be used. The first-best optimal hedge requires a futures position or an option position proportionate to the individual beta depending on whether...

The purpose of the paper is toanalyse farmers' participation inenvironmental schemes, which are gaining agrowing importance within the Europeanagricultural policy. These schemes areimplemented through voluntary contracts thatpay farmers for the provision of environmentalservices. The...

Amongst possible economic incentives to encourage reduced nitrate contamination of water, this paper emphasizes a nitrogen tax as a possible solution. This finding is based on models estimated from panel data for 100 intensive livestock farms. For each farm a threshold is established (nitrogen...

There has been an increasing public interest in promoting the supply of environmental benefits by agriculture. The Environmentally Sensitive Area scheme addresses this challenge by offering farmers voluntary agreements: entrants are compensated for complying with a package of prescribed farming...

Cet article propose un modèle du marché camerounais du poulet de chair en équilibre partiel mono produit. Le modèle met en évidence les gains des consommateurs et les pertes des producteurs de poulets de chair lorsque l’on passe d’une situation d’autarcie, comme c’était...