The complexity of managing physical and financial risk throughout the commodity production, processing and merchandising chain presents numerous challenges. To solve this problem commercials are increasingly turning to Energy and Commodity Transaction Risk Management (E/CTRM) systems. Still,...

This paper is designed to provide different explanations for the existence of credit-product interlinkage in backward agriculture. The paper shows that the credit market imperfection is not the only explanation for the existence of credit-product interlinkage. It can also be explained in terms...

Economists and economic historians have generally understood different forms of land tenure as arrangements for the supply of labor. This paper suggests a different interpretation -- that land-tenure arrangements be understood rather as arrangements for the supply of financing. The cost and...

Empirical analysis of rural credit market failure has been of key scientific and political interest in recent years. The aim of this paper is to give an overview of various methods for measuring credit rationing of farms employed in the literature. Furthermore, based on a common analytical...

This paper deals with the analysis of the impact of credit rationing on the farmer's economic equilibrium and the analysis of different policy scenarios in a derived neoclassical adjustment cost framework. The theoretical model is an optimal dynamic investment model, in which the upper bound on...

This paper investigates a viable alternative to traditional credit products through the development of risk-contingent credit for operating loans and farm mortgages and applies the concept to agricultural loans for pulse crops in India. We analyze daily commodity spot prices and design risk...

The paper presents the role and importance of land lease in structural changes in agriculture and its relations to efficiency of farming. It was demonstrated that land lease was a more efficient and cheaper method of increasing farm area (production scale) than land purchase. Research was held...

Index-based income insurance as a tool to insure the income of agriculturally active households has received certain attention in the scientific and development related discussion. Despite the convincing theoretical argumentation, the demand for these products stays behind expectations. Several...

Australian farmers face between three and ten times the level of production risk faced by farmers in competing countries worldwide (OECD-FAO, 2011). Consequently, in Australia, identical management plans may result in sharply contrasting distributions of financial outcomes. These differences...

This paper uses data on farmers' price expectations from a survey of randomly sampled smallholder farmers in Mozambique. Survey data show that across all crops most interviewed farmers expect prices to be higher in the lean season. Yet, farmers report selling most of their output shortly after...