Showing 1 - 10 of 88
This paper employs a cost function analysis method to investigate the existence of moral hazard in cotton buy-up insurance. The trans-log cost function estimates of the own-price elasticity of fertilizer, herbicide, and insecticide is -0.222, -0.143, and -0.121, respectively for Mississippi...
Persistent link: https://www.econbiz.de/10005012585
Many investment decisions of agribusiness firms, such as when to invest in an emerging market or whether to expand the … option-value model to examine the factors affecting an agribusiness firm's decision whether and how much to invest in an … results have implications for agribusiness decision-making. © 2003 Elsevier Science B.V. All rights reserved. …
Persistent link: https://www.econbiz.de/10011069452
This research evaluates whether the introduction of countercyclical payments creates an incentive for program crop producers to hedge the expected government payment using futures and/or options. Results indicate that some level of countercyclical payment hedging is optimal for risk-averse...
Persistent link: https://www.econbiz.de/10005801851
A variety of crop revenue insurance programs is now available. These programs require measurement of price risk. This article investigates the appropriateness of distributional assumptions underlying current and proposed alternative actuarial methods. Our results find that prices are best...
Persistent link: https://www.econbiz.de/10005338796
Chain networks of manufacturers of traditional food products comprehend a large majority of micro-, small-, and medium-sized enterprises (SMEs – firms employing less than 250 people). In a more and more globalised market with increasing competition, innovation is an important strategic tool...
Persistent link: https://www.econbiz.de/10008508820
Over fifteen years have elapsed since the transition from the centrally planned economic system started in the early 1990âs. During this time agricultural and rural areas of Central and Eastern Europe have undergone profound structural changes with wide variations in the degree of...
Persistent link: https://www.econbiz.de/10008564626
A multinomial logit is utilized to model the choice of whether to purchase yield or revenue insurance using subjectively elicited survey data. Our results indicate that the demand for crop insurance is inelastic (-0.40), consistent with most earlier yield elasticity estimates, but the elasticity...
Persistent link: https://www.econbiz.de/10005513881
Persistent link: https://www.econbiz.de/10011959397
This paper examines the potential for adverse selection when farmers are offered a portfolio of insurance policies. We analyze the risk characteristics farmers who bought alternative insurance instruments in 1996-97. Inability to differentiate farmers according to risk types results in pooling...
Persistent link: https://www.econbiz.de/10005807290
Legislatively mandated declines in government program payments have coincided with sharp declines in most major crop commodity prices. Thus, a debate has begun about the direction of future farm policy. The debate has been largely expressed in terms of a "safety net" for producers. This paper...
Persistent link: https://www.econbiz.de/10005807819