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Estimating Farm Level Multivariate Yield Distribution Using Nonparametric Methods

Zheng, Qiujie; Wang, H. Holly; Shi, Qinghua - 2008

Modeling crop yield distributions has been an important topic in agricultural production and risk analysis, and nonparametric methods have gained attention for their flexibility in describing the shapes of yield density functions. In this article, we apply a nonparametric method to model joint...

Persistent link: https://www.econbiz.de/10009443235

Pricing Options on Commodity Futures: The Role of Weather and Storage

Bozic, Marin; Fortenbery, T. Randall - 2011

the period 1995-2009 to estimate the implied skewness parameter separately for each trading day. An economic explanation … is then presented for inter-year variations in implied skewness based on the theory of storage. After controlling for … skewness, as predicted by the theory of storage. Furthermore, intra-year dynamics of implied skewness reflect the fact that …

Persistent link: https://www.econbiz.de/10009444328

Willingness to Pay for Weather Derivatives by Australian Wheat Farmers

Simmons, Phil; Edwards, Miriam; Byrnes, Joel - 2007

A theoretical optimal hedging model is developed to determine potential demand from Australianfarmers for a hedging tool to remove the economic consequences of climate related variability inwheat yield. In the past, financial instruments have been developed to hedge price risk on capitalmarkets;...

Persistent link: https://www.econbiz.de/10009445045

A Risk Analysis of Converting CRP Acres to a Wheat-Sorghum-Fallow Rotation

Williams, Jeffery R.; Llewelyn, Richard V.; Pendell, … - 2008

This study examines the economic potential of producing a wheat (Triticum aesitivum) and grain sorghum (Sorghum bicolor …

Persistent link: https://www.econbiz.de/10009445784

Agricultural contracting and the scale of production.

Key, N. - 2004

This study presents evidence that contracting is positively associated with the scale of production for six major U.S. agricultural commodities. Specifically, contract producers tend to operate at a larger scale than do independent producers, and the likelihood of an operation contracting...

Persistent link: https://www.econbiz.de/10009429545

Sustainability Strategies in U.S. Agribusiness: Understanding Key Drivers, Objectives, and Actions

Rankin, Amber; Gray, Allan W.; Boehlje, Michael D.; … - 2011

www.ifama.org

Persistent link: https://www.econbiz.de/10009442792

MODELLING THE DYNAMICS OF PRODUCTION ADJUSTMENT TO SHORT-TERM MARKET SHOCKS

Niemi, Jarkko K.; Lehtonen, Heikki - 2008

Models of agricultural economics typically operate at an annual basis or in a static equilibriumframework where inputs, outputs and their prices may change considerably. Production dynamics,however, imply that models relying on spatial and temporal aggregation do not capture the effects...

Persistent link: https://www.econbiz.de/10009443254

Media Analysis on Volatile Markets’ Dynamics and Adaptive Behavior for the Agri-Food System

von Davier, Zazie; Heyder, Matthias; Theuvsen, Ludwig - 2010

The volatility of agricultural markets has increased remarkably in recent years. In spite of this, the way in which supply chain actors perceive market volatility has only rarely been analyzed. This paper seeks to close this research gap by presenting empirical findings about how the volatility...

Persistent link: https://www.econbiz.de/10009443664

Optimizing Production under Uncertainty: Generalisation of the State-Contingent Approach and Comparison of Methods for Empirical Application

Rasmussen, Svend - 2004

In a recent paper Rasmussen (Rasmussen 2003) derived criteria for optimal production under uncertainty based on the state-contingent approach developed by Chambers and Quiggin (2000). While the criteria in the 2003-paper were derived for the one variable input case, and for different types of...

Persistent link: https://www.econbiz.de/10009443913

Recent Developments in Unit Root Tests and Historical Crop Yields

Zapata, Hector O.; Maradiaga, David I.; Pujula, Aude Liliana - 2011

This study conducts an investigation on the application of classical unit-root tests using parametric tests (the augmented Dickey-Fuller, 1979 – ADF), and nonparametric tests (Phillips and Perron, 1988—PP) to corn and soybean yields in the Delta states using county-level data from 1961 to...

Persistent link: https://www.econbiz.de/10009444349