New pesticidal crops are taking advantage of advances in geneticengineering. For example, corn has been engineered to express Bt proteinsthat are toxic to the European corn borer. These crops are effective pestmanagement tools for United States growers. However, there is concern thatpests will...

Production management aims to maximize profit by increasing salable output while reducing the cost related with inspection, where inspection is defined as the measurement and quality assessment of items produced. This study is based on a semiconductor production line with consecutive...

There have been serious questions about whether lower-yielding farmers in developing countries, who are typically poor smallholders, benefit from genetically-modified crops like Bacillus thuringensis (Bt) corn. This article examines this issue by estimating the heterogeneous impacts of Bt corn...

Crop insurance is one of the most useful risk management tools for natural disasters. Jilin as the main soybean production province in China suffers the natural disaster frequently by the global warming. The purpose of this study was to promote the crop insurance management of soybean risk of...

Purpose – The purpose of this paper is to demonstrate how an organized framework for risk management called Risk Navigator SRM© can be practically applied to common risk management problems. Design/methodology/approach – The program makes complex risk principles easier to understand and...

Purpose – The purpose of this paper is to suggest an integrated risk management service for agriculture, by identifying different risk management practices that may be offered in conjunction with crop insurance, to address the various problems and challenges being faced by farmers and by...

Purpose –The purpose of this paper is to examine international experience with multiple-peril crop insurance (MPCI). Named peril crop insurance is available in most countries but MPCI is less common. While named peril insurance is widely successful, MPCI has a checkered history. In most cases,...

Purpose – The purpose of this paper is to address some of the fundamental issues surrounding crop insurance ratemaking, from the perspective of the reinsurer, through the development of a scientific pricing framework. Design/methodology/approach – The generating process of the historical...

Purpose – The purpose of this paper is to review some challenges of insuring weather risk in agriculture and to discuss potential remedies for these problems. Design/methodology/approach – The paper is developed as a narrative on weather insurance based largely on existing literature....

Purpose – The purpose of this paper is to use simulation analysis to assess farmer choice between crop insurance and supplemental revenue options as proposed during development of the Agricultural Act of 2014. Design/methodology/approach -The certainty equivalent of wealth is used to rank farm...