Recent changes in federal farm programs and contemporary farm program proposals highlight an evolving shift in farm policy from income support to risk management. A mix of price- and revenue-based commodity programs as well as yield- and revenue-based insurance products provide crop producers a...

Recent changing climate causes reduction in yield. We estimate impact of drought and wet climate on mean, variance, upside and downside risk of Mississippi county level cotton yield data using Moment Based Maximum Entropy framework of Tack et al. (2012). Results suggest that mean effects are...

The National Policy Statement on Freshwater Management now requires that water quality objectives and limits be set for all water bodies in New Zealand. Where objectives result in the development of nitrate limits for waterways and development pressure is likely to make these limits difficult to...

The abolition of the milk quota regime in April 2015 will provide the opportunity for many profitable Irish dairy farms to increase their production levels. Market risk will influence the decision-making process at the farm level. Dairy farmers have acquired more recent experience of market risk...

Este trabajo identifica los principales retos y lineas directrices de las politicas gubernamentales en el campo de la gestion de riesgos en la agricultura, con particular enfasis en las buenas practicas politicas en un entorno internacional, Se desarrollan cuatro ideas principales. Primera, una...

This paper presents a new method to determine the optimal demand function for a retailer in power markets. It assumes that the retailer purchases the energy from either the day-ahead or the regulation market and sells it to the end users through fixed and/or real-time pricing contracts. The load...

Purpose -The purpose of this paper is to study gender diversity on the board of directors and the relation to risk management and corporate performance as measured by the variability of stock market return. Design/methodology/approach - The sample consists of companies from the RiskMetrics...

The Drought Management Plans (DMPs) are a regulatory instrument that establishes priorities among the different water uses and defines more stringent constraints to access to publicly provided water during droughts, especially for non-priority uses such as agriculture. These plans have recently...

According to the classical theory of decision, the risks are also defined phenomena of possible occurrences, but still uncertain socio-human processes. Its effects are harmful, deficient with an actual irreversible character. Signifies the chance or probability of loss or separation of...

Purpose – This paper aims to extend the Fama and French (FF) three-factor model in studying time-varying risk premiums of Sector Select Exchange Traded Funds (ETFs) under a Markov regime-switching framework. Design/methodology/approach – First, the original FF model is augmented to include...