For agricultural businesses, managing debt capital means choosing from among myriad sources and terms for financing for inputs, machinery, equipment, and land. Providers of debt capital, including input suppliers, equipment dealers, commercial banks, and the Farm Credit System, offer differing...

Stochastic dominance analysis of five crop rotations using twenty-one years of experimental yield data returned results consistent with Pennsylvania cropping practices. The analysis incorporated yield risk, output price risk, and rotational yield effects. A rotation of two years corn and three...

The rice stink bug is a major pest of rice in Texas, causing quality related damage. The previous threshold used for assisting in rice stink bug spray decisions lacked flexibility in economic and production decision variables and neglected the dynamics of the pest population. Using stochastic...

Concerns about the drought of 1988 continuing on into 1989 have lead to increased interest in the use of crop insurance to mitigate the effects of low yields on farm income. This paper analyzes the selection of crop insurance yield guarantee levels and indemnity prices based on risk preferences...

Farmers need information about the expected value and variability of net revenues for alternative crop insurance and futures hedging strategies to manage risk. Specifically, the model will determine which risk management strategies are most desirable under various levels of risk aversion. The...

A model to value Federal Agricultural Mortgage Corporation (Farmer Mac) agricultural mortgage-backed securities (AMBS) is developed and numerically solved. The results suggest prepayment penalties currently being used by Farmer Mac reduce yields on AMBS considerably. Even with prepayment...