Changes in the risk environment and tools available to manage risk have resulted in an increased need for risk management skills among farmers and ranchers. In response the USDA initiated a risk management education competitive grants program in the spring of 1998. This is the first report from...

This paper presents one of very few analyses of the decision to undertake wind mitigation measures, and the only study to analyze the decision to purchase wind coverage for individuals whose standard homeowner’s policy excludes wind. A simultaneous mixed-process approach is used that allows...

Federal policy-makers increasingly emphasize the Federal Crop Insurance Program as the primary federal risk management program for farmers. Farm leaders need to understand the underlying mechanics of insurance products if they are to effectively argue their interests and contribute...

This paper examines the issue of government payment limits and how changes to these limits could impact program crops producers in Mississippi. Economic factors affecting the incidence of payment limits on various program crops are also discussed. The latest proposed change to payment limits,...

Producer and other interest groups are beginning to consider farm policy positions in anticipation of hearings and possible serious farm bill debates during late 2006 and 2007. An idea gaining attention and support among some groups is deemphasizing or eliminating the current commodity "price"...

This study investigates the potential for alternative multi-crop revenue insurance designs in comparison to single crop yield and revenue insurance designs. A non-parametric multi-crop insurance model is developed which subsumes the single crop designs. The results compare alternative designs in...

Producer and other interest groups are beginning to consider farm policy positions in anticipation of hearings and possible serious farm bill debates during late 2006 and 2007. An idea gaining attention and support among some groups is deemphasizing or eliminating the current commodity...

Agricultural economists have for many decades concerned ourselves with gaining an understanding of individual behavior when confronted with risk, and developing tools to address decision-making under risk. This area of research has recently gained renewed attention for a variety of reasons. This...