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production often causes deforestation and soil erosion while the organic coffee production system does not. In addition, the … organic coffee. This will be determined by researching the distribution of quantity on representative plots. This will help … identify any size or scale economies. Determining the difference in profit per acre between organic and conventional coffee …
Persistent link: https://www.econbiz.de/10009421095
Often analysts must conduct risk analysis based on a small number of observations. This paper describes and illustrates the use of a kernel density estimation procedure to smooth out irregularities in such a sparse data set for simulating univariate and multivariate probability distributions.
Persistent link: https://www.econbiz.de/10005484011
Risk aversion is the primary reason for farmers to use forward pricing methods to hedge against price risk. Previous international research on farmers’ forward pricing behaviour found inconsistent results with respect to the relationship between risk aversion and the use of forward...
Persistent link: https://www.econbiz.de/10005064567
We focus on a simple framework on wheat producer behaviour in a context of price output uncertainty. More precisely, we establish a relationship between ex post output price level and allocative inefficiency that allows to characterize farmers’ risk preferences. Given this analysis, the...
Persistent link: https://www.econbiz.de/10005039450
Climate Change is expected to improve crop production conditions significantly in northern Europe. In some studies a significant increase in agricultural production is expected in northern Europe while drought is becoming gradually more severe in Southern Europe and France due to climate change....
Persistent link: https://www.econbiz.de/10005460402
Persistent link: https://www.econbiz.de/10009020428
This study focuses on managing cotton production and marketing risks using combinations of irrigation levels, put options (as price insurance), and crop insurance. Stochastic cotton yields and prices are used to simulate a whole-farm financial statement for a 1,000 acre furrow irrigated cotton...
Persistent link: https://www.econbiz.de/10009645946
The risks associated with farming activities are likely to increase in the future. It, therefore, appears worthwhile to analyse new risk management instruments. This paper investigates weather derivatives for which a market has already emerged in the USA. Contrary to traditional financial...
Persistent link: https://www.econbiz.de/10009443671
With the advent of the WTO’s Doha Development Agenda, as well as the MillenniumDevelopment Goals aiming to reduce poverty by 50 percent by 2015, poverty impacts oftrade reforms have attracted increasing attention. This has been particularly true ofagricultural trade reform due to the...
Persistent link: https://www.econbiz.de/10009446160
The objective of this paper is to study the effect of agricultural policies on marketing decisions as well as the link between marketing and production decisions. We develop an analytical model to study how policies affect marketing decisions and conditions under which the two types of decisions...
Persistent link: https://www.econbiz.de/10010878776