Purpose – The paper analyzes the hedging efficiency of weather-indexed insurance for corn production in Northeast of China. The purpose of this paper is to identify the potential weather variables that impact corn yields and to analyze the efficiency of weather-indexed insurance under varying...

The effectiveness of financial weather derivatives to hedge against risk in agriculture has not been well demonstrated; therefore, this risk hedging instrument has only been slowly adopted. The current study analyzes the hedging efficiency of weather index derivatives for corn production in...

In this article, we consider uncertain preferences for non-market goods, but we move away from a probabilistic representation of uncertainty and propose the use of fuzzy contingent valuation. We assume that a decision maker never fully knows her own utility function and we treat utility as a...

In large parts of Africa, wildlife herbivores spill over onto private lands, competing with domestic livestock for forage resources. To encourage private landowners to take into account the externality benefits of wildlife, game cropping is increasingly considered as an important component of...

A risk-sensitive optimal flexible cropping plan for spring barley in southeastern Washington state is identified by stochastic dynamic programming. State transformation equations are determined from data generated by a process simulation model. Katoaka's safety-first criterion is proposed as an...

In this study, we examine the effect of climate on corn yields in northern China using data from ten districts in Inner Mongolia and two in Shaanxi province. A regression model with a flexible functional form is specified, with explanatory variables that include seasonal growing degree days,...