Agricultural yield and commodity prices are very sensitive to weather patterns such as drought, excessive rain, or frost. Consequently, unseasonable weather can cause major losses for players in the agricultural value chain, including input providers, farmers, commodity traders, and food...

An intertemporal model in which farm capital accumulation and work choices by a single-agent farm household are interdependent is developed and tested using a farm-level data set. Estimation is done using a recursive two-step simultaneous censored equations model. The results of this study are...

An intertemporal model in which farm capital accumulation and work choices by a single‐agent farm household are interdependent is developed and tested using a farm‐level data set. Estimation is done using a recursive two‐step simultaneous censored equations model. The results of this study...

Agricultural yield and commodity prices are very sensitive to weather patterns such as drought, excessive rain, or frost. Consequently, unseasonable weather can cause major losses for players in the agricultural value chain, including input providers, farmers, commodity traders, and food...

Purpose – For many farm families and operators across the OECD countries, off-farm income has become a major determinant of their well-being. The purpose of this paper is to investigate the potential role of off-farm employment as a risk management tool among farm operators....

Purpose – The purpose of this paper is to determine if a single dominant measure defines farm size and farm performance consistently over a ten-year time period, or if alternative measures are needed. The paper also seeks to determine the correlation between farm size and farm performance and...

Purpose – The purpose of this paper is to explore the impact of the levels of inaccuracy associated with three different premium estimation methods, one of which attempts to mimic the protocol currently used by the Risk Management Agency (RMA), on the actuarial performance of the US crop...

Purpose – The purpose of this paper is to determine if there are positive microeconomic effects from a state-funded loan participation program on farm productivity and investment behavior. Design/methodology/approach – The authors take the approach that access to credit solves a liquidity...

Purpose – The purpose of this paper is to examine a new insurance policy against natural disasters. Design/methodology/approach – The authors propose an optimisation model, which involves both the insurer and the farmer. The farmer decides to insure his farm if and only if insurance improves...