This paper develops an analytical model able to represent the decisions of an individual risk averse farmer facing … variability in both prices and yields. A comprehensive set of stylised risk reducing policy measures is represented. A calibration … between policy measures and market strategies in terms of impacts on production, welfare and risk. Risk reducing strategies …

decisions of an individual risk averse farmer facing variability in both prices and yields. A set of stylised risk market … between government payments and the farmers’ use of risk market instruments in terms of the potential crowding out of such … of production and the use of risk market instruments that are endogenous. Single farm payment mitigates farmer’s efforts …

decisions of an individual risk averse farmer facing variability in both prices and yields. A set of stylised risk market … between government payments and the farmers’ use of risk market instruments in terms of the potential crowding out of such … of production and the use of risk market instruments that are endogenous. Single farm payment mitigates farmer’s efforts …