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This study examines the membership structure of a large centralized cooperative from an organizational workability view. Structure is created by dividing membership organizationally, i.e., assigning different roles and tasks to different groups of members, as well as to individual members, and...
Persistent link: https://www.econbiz.de/10005014853
Az agrárgazdaság nemzetközi kutatási irányzatait abból a célból tekintettük át, hogy a jövőben azokhoz a magyarországi kutatás is felzárkózhasson. Ehhez két közelítési módot alkalmaztunk: egyrészt a jelenlegi (főként a 2000-es) évtized szakirodalma alapján próbáltuk...
Persistent link: https://www.econbiz.de/10008504310
Participation in federal crop insurance programs has been encouraged through premium subsidies. The current subsidy … depends on contract features as well as coverage levels. This type of subsidy rule causes farmers to choose contract designs … and coverages that are not efficient for managing risk, in order to capture subsidy. Farmers are found to be as well off …
Persistent link: https://www.econbiz.de/10005484234
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/10010880150
Mechanization and technological advancement has been the cornerstone of agricultural prosperity in the United States and has served as a flagship to the rest of the world. Farm machinery and equipment sales for the three largest manufactures in 2011 reached nearly $60 billion and higher sales...
Persistent link: https://www.econbiz.de/10010880651
We consider a political economy where government cares about risk-averse farmers’ loss of income and yet incurs political cost if it provides monetary support to farmers. Government evaluates three options: 1) ex-post disaster aid; 2) ex-ante insurance option with perfect information; 3)...
Persistent link: https://www.econbiz.de/10010881023
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Persistent link: https://www.econbiz.de/10010909584
The first 50 years of the Federal crop insurance program were marked by low enrollment levels. To boost program participation, legislation in 1994 and 2000 increased premium subsidies. In the years since, the jump in enrollment coupled with high commodity prices caused significant increases in...
Persistent link: https://www.econbiz.de/10010920056
Economic research on decadal climate variability (DCV) is scarce. DCV refers to ocean-related climate influences of duration from seven to twenty years. The DCV phenomena and their phases are associated with variations in crop and water yields. This paper examines the value of DCV information in...
Persistent link: https://www.econbiz.de/10010920200