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Factors Affecting Farmers’ Utilization of Agricultural Risk Management Tools: The Case of Crop Insurance, Forward Contracting, and Spreading Sales
Velandia, Margarita M.; Rejesus, Roderick M.; Knight, … - 2009
Factors affecting the adoption of crop insurance, forward contracting, and spreading sales areanalyzed using multivariate and multinomial probit approaches that account for simultaneousadoption and/or correlation among the three risk management adoption decisions. Our empiricalresults suggest...
Persistent link: https://www.econbiz.de/10009446302
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Cotton Futures Dynamics: Structural Change, Index Traders and the Returns to Storage
Power, Gabriel J.; Robinson, John R.C. - 2009
The commodity bull cycle of 2006-2008 and subsequent dramatic price decline have been asource of hardship for traditional commodity market participants such as producers andmerchant/shippers. The usefulness of futures markets has been called into question, especiallygiven that some market...
Persistent link: https://www.econbiz.de/10009446392
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Optimal Length of Moving Average to Forecast Futures Basis
Hatchett, Robert B.; Brorsen, B. Wade; Anderson, Kim B. - 2009
Futures prices when combined with a basis forecast provide a reliable way to forecast cashprices. The most popular method of forecasting basis is historical moving averages. Given therecent failure of longer moving averages proposed by previous studies, this research reassessespast...
Persistent link: https://www.econbiz.de/10009446394
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Cover and Contents Pages
2009
Includes cover page, journal info, contents page, and editorial information
Persistent link: https://www.econbiz.de/10009446503
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Pricing Options on Commodity Futures: The Role of Weather and Storage
Bozic, Marin; Fortenbery, T. Randall - 2011
hedging performance. In this paper we propose a novel arbitrage pricing model motivated from the economic theory of optimal …
Persistent link: https://www.econbiz.de/10009444328
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Optimal Coverage Level Choice with Individual and Area Plans of Insurance
Bulut, Harun; Collins, Keith J.; Zacharias, Thomas P. - 2011
We theoretically examine a farmer’s coverage demand with area and individual insurance plans as either separate or integrated options. The individual and area losses are assumed to be imperfectly and positively correlated. With actuarially fair rates, the farmer will fully insure with the...
Persistent link: https://www.econbiz.de/10009444562
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On the Systemic Nature of Weather Risk
Xu, Wei; Filler, Gunther; Odening, Martin; Okhrin, Ostap - 2009
Systemic weather risk is a major obstacle for the formation of private (nonsubsidized) crop insurance. This paper explores the possibility of spatial diversification of insurance by estimating the joint occurrence of unfavorable weather conditions in different locations. For that purpose copula...
Persistent link: https://www.econbiz.de/10009444820
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The Relative Performance of In-Sample and Out-of-Sample Hedging Effectiveness Indicators
Dahlgran, Roger A. - 2009
Hedging effectiveness is the proportion of price risk removed through hedging. Empiricalhedging studies typically … to a second group of data, and examinethe robustness of the hedging strategy by comparing the hedging effectiveness for … out-of-sample hedging effectiveness estimators. Through mathematical andsimulation analysis we determine the following: (a …
Persistent link: https://www.econbiz.de/10009446391
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Agricultural Arbitrage, Adjustment Costs, and the Intensive Margin
Tack, Jesse B.; LaFrance, Jeffrey T. - 2010
Farmland and capital are an important and rapidly expanding component of the agriculturaleconomy, and empirical evidence suggests that these assets are quasi-fixed in that adjustment costs are incurred when holdings are altered. Increased interest in the rate of return for investing in farmland...
Persistent link: https://www.econbiz.de/10009446523
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Measurement of Yield distribution: A Time-Varying Distribution Model
Tsung Yu, Yang - 2011
Regarding the nature of yield data, there are two basic characteristics that needs to be accommodated while we are about to model a yield distribution. The first one is the nonstationary nature of the yield distribution, which causes the heteroscedasticity related problems. The second one is the...
Persistent link: https://www.econbiz.de/10009444310