Economic risk management tools in agriculture have been the subject of renewed interest and profound evolution, not only for the their increasing diffusion in national policies in support of agriculture but also in relation to the important role that they could have in adapting agriculture to...

We analyze the impacts of agricultural subsidies on farm-level production decisions and input use under price, yield, and policy uncertainty for a risk-averse farmer. Using U.S. farm-level data and weighted ordinary least squares, we find that decoupled payments had little impact on agricultural...

Cover page and table of contents for issue 41/2

This study estimates how potential carbon policies targeted at reduction of greenhouse gas (GHG) emissions could affect selection of rice cultivars by conducting a life cycle assessment of GHG emissions and estimating the carbon sequestered for fourteen commonly sown rice cultivars across...

This paper develops and applies a methodology to assess the accuracy of historical loss-cost rating procedures, similar to those used by the U.S. Department of Agriculture’s Risk Management Agency (RMA), versus alternative parametric premium estimation methods. It finds that the accuracy...

This study examines the impact of publicly supported insurance on agricultural land values. The analysis employs confidential, nationally representative panel data on field-level pastureland values and exploits a natural experiment provided by gradual introduction of the Pasture, Rangeland, and...

With weather index insurance expanding and common property resources diminishing in low-income agricultural areas, it is essential to understand the potential effects of such insurance on resources that serve as vital input bases for low-income households. Using simple analytical constructs, we...