We analyze the sensitivity of crop management under current and future climate scenarios to changes in economic boundary conditions. In particular, we focus on the effects of changing price risks. We combine a bio-economic modeling approach and a crop growth model CropSyst with an economic model...

The objective of this research is to incorporate the relationship between forage yields and rainfall levels to find optimal weights on insurance intervals using Pasture, Rangeland, and Forage Rainfall Index (PRF-RI) insurance. Unlike earlier models, actuarial fairness of the insurance product is...

In recent years, the possibility of increasing production of legumes, whose area of cultivation has decreased, is being considered. It has been influenced by the yield variability which adversely affected the profitability of these plants cultivation. This paper attempts to assess the risk in...

The paper presents an analysis of wheat yields variability in the voivodeships of Poland. The main aim of the study was to find out what are the statistical relationships between the wheat yield variability and the following factors: arable area, size of wheat production area, share of arable...

The paper presents an analysis of the wheat yields variability in voivodeships of Poland. The main aim of the study is to present several possible indicators for the crop variability in the context of production risk. It is found that ignoring the long-term yield trends leads to a serious...

Pesticides are widely used by crop producers in developed countries to combat risk associated with pests and diseases. However, their indiscriminate use can lead to various environmental spillovers that may alter the agricultural production environment thus contributing to production risk. This...

In developing countries across Asia, food marketing parastatals have played an important role in agricultural policy, especially with regard to government efforts to stabilize food prices. Three broad market failures constitute the primary arguments for this form of government intervention: a...

Modern methods of quantitative risk analysis, specifically value-at-risk and expected shortfall approach, provide comprehensive and coherent risk evaluation throughout entire distribution of outcomes and can take agricultural business from the realm of uncertainty to specific, quantified risks....

Drawing on the method developed by Just and Pope (1978, 1979), this paper separately analyzes the marginal contributions of both regular input factors and climate factors to mean output and to production risk in Chinese inland aquaculture. Furthermore, the net change in output following a 1°C...

Korea imports all of its primary energy, which leads to high dependency and vulnerability related to its energy supply. Efficiency in the use of energy is a way to reduce dependency and emissions. This study provides empirical results of the stochastic production process in energy use. Special...