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Although significant research has been done on managing farmers’ financial risk through federal programs such as … agricultural risk. Federal crop insurance could empower farmers to use their farm management skills to become more resilient to … who lower their risk of crop loss by investing in technically sound management practices that both reduce the risk of loss …
Persistent link: https://www.econbiz.de/10010878691
Crop insurance is widely used on major crops raised in the Northern Plains. Prospective reductions in the crop insurance premium subsidy are commonly expected to result in lower use of insurance. Corn and soybean producers in South Dakota responded to the shift in subsidy levels beginning in...
Persistent link: https://www.econbiz.de/10010879062
Crop insurance products can improve and stabilize economic performance. However, due to insurance market imperfections, the use of insurance products often requires governmental support. This paper analyses the actual impact of insurance products on the economic performance of cropping farms by...
Persistent link: https://www.econbiz.de/10010879312
Systemic weather risk is a major obstacle for the formation of private (nonsubsidized) crop insurance. This paper … at a national scale. Thus the possibility to reduce risk exposure by increasing the trading area of the insurance is …
Persistent link: https://www.econbiz.de/10010880150
There is growing concern about the impact of climate change on agriculture and the potential need for better risk … will increase weather and yield variability and will expose farmers to higher levels of risk. But it is not obvious what … variability, are presented for three different types of farms. The paper goes beyond indentifying the effectiveness of risk …
Persistent link: https://www.econbiz.de/10010880327
forward pricing are commonly used concurrently to manage crop revenue risk, the optimal combinations of these tools are … ratio which maximizes the certainty equivalent of a risk averse producer. The results generally reveal a lower optimal hedge …
Persistent link: https://www.econbiz.de/10010880649
We consider a political economy where government cares about risk-averse farmers’ loss of income and yet incurs … their risk). It is assumed that marginal political cost is high enough so that the possibility of monetary support to … their risks through fairly priced insurance In comparing 1) and 3), if the information problems prevent risk-averse farmers …
Persistent link: https://www.econbiz.de/10010881023
Government programs that help agricultural producers manage risk may have environmental consequences. In recent years …
Persistent link: https://www.econbiz.de/10010881536
Persistent link: https://www.econbiz.de/10010882870
Persistent link: https://www.econbiz.de/10010882871