A stochastic computer simulation model is used to estimate disaster payments under the Agriculture and Consumer Protection Act of 1973. The model uses a random yield generator and actuarial techniques. Simulated payments under 1976 program parameters and stochastic yields are estimated at $300...

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In this study, the structure of the South African wheat market is analysed using economic theory and econometric modelling techniques. The developed model is used to make baseline projections regarding the supply and use of wheat in South Africa and to analyse the impacts of various policy...

Paper for presentation at the Northeastern Agricultural & Resource Economics Association’s Workshop on Economics and Child Nutrition Programs, AAEA & NAREA Joint Annual Meeting, Pittsburgh, Pennsylvania, July 23, 2011.

We develop a two-stage, multinomial logit model of UK land use to investigate the impact of policychanges upon agriculture. The model utilizes a large panel database covering the entirety of Englandand Wales for 14 years between 1969 and 2004 integrated with the economic and physicalenvironment...

Recent literature about gravity models points out the importance of institutional frictions in the international market of agricultural products beyond the traditional economics variables as transport costs reducing the mass of trade in bilateral relationships. In particular, previous...

Seafood consumption in the U.S. has increased over the period 1990 to 2003. A large percentage of the seafood consumed in the U.S. is imported. The most important seafood products imported to the U.S. are shrimp, Atlantic salmon, tilapia, catfish, crayfish, mussels and a mixture of mollusks. In...

The production of biofuels in many countries is largely driven by the governmentstrategy and incentives that are in place. In South Africa the first round of thedevelopment of such a draft strategy took place in 2005 while the official stance onbiofuels was finalized in December of 2007. During...

The volatility of agricultural markets has increased remarkably in recent years. In spite of this, the way in which supply chain actors perceive market volatility has only rarely been analyzed. This paper seeks to close this research gap by presenting empirical findings about how the volatility...

Increasing demand for policy impact assessment regarding social,economic and environmental aspects asks for combined applicationof different models and tools. The paper discusses concepts andchallenges in linking models, taking CAPRI (Common AgriculturalPolicy Regionalised Impact) model as an...