Showing 1 - 10 of 146
This paper investigates factors that impact marketing performance in the Canadian wheat market. Using data provided by the Canadian Wheat Board (CWB) for six crop years, results indicate that producers were not able to profitably use all marketing contracts offered by the CWB, earlier pricing...
Persistent link: https://www.econbiz.de/10010881534
The role of price risk in sow farrowings is investigated by using bivariate ARCH-M and GARCH-M models and a nonparametric kernel estimator. To account for the relevant time horizon of irreversible supply decisions, predictions for mean price and conditional price variance are iterated forward....
Persistent link: https://www.econbiz.de/10005805376
For production risk with identified physical causes, the nature of risk, production characteristics, risk preference, and prices determine optimal input use. Here, a two-way classification for pairs of inputs – each input as being risk increasing or decreasing and pairs as being risk...
Persistent link: https://www.econbiz.de/10005064451
Production uncertainty is commonly believed to be an impediment to the adoption of less pesticide-intensive methods in agriculture such as integrated pest management (IPM). To investigate the effects of pest control inputs on yields and yield variability, data from a cross-section of San Joaquin...
Persistent link: https://www.econbiz.de/10005525434
This paper uses conditional quantile regression to analyze the effects of genetically modified (GM) seed technology and management on production risk in agriculture, with an application to the distribution of corn yield in Wisconsin. Using the certainty equivalent (CE) as a welfare measure, our...
Persistent link: https://www.econbiz.de/10011168072
A framework is developed to examine organic crop insurance established by the Risk Management Agency (RMA). Given that the RMA links organic and conventional crop prices, the model is calibrated to reflect both markets to illustrate the impacts that pricing has on insurance coverage. Findings...
Persistent link: https://www.econbiz.de/10011143214
Government programs that help agricultural producers manage risk may have environmental consequences. In recent years, premium subsidies for crop insurance have been increased substantially to encourage greater producer participation. Using detailed, producer-level crop insurance contract data...
Persistent link: https://www.econbiz.de/10010881536
Futures markets have two main goals: price discovery and risk management. Because management decisions often have to be made on a time horizon longer than the time until expiration of the nearby futures contract, it is important to determine how well distant-delivery futures contracts are able...
Persistent link: https://www.econbiz.de/10010918107
This article reviews actuarial procedures used to calculate premium rates in the federal crop insurance program. Average yields are used as an important indicator of risk under current rating practices. The strength and validity of this relationship is examined using historical yield data drawn...
Persistent link: https://www.econbiz.de/10005330388
Wheat acreage responses to expected wheat price and price risk are reversed for program and nonprogram-planted acreage in the northern plains, central plains, southern plains, and U.S. Expected wheat price has a strong negative effect on program-complying wheat acreage. Government support prices...
Persistent link: https://www.econbiz.de/10005330396