Credit markets are an essential economic institution. In developing countries, particularly in countries undergoing rapid social and economic transition, it is important to identify emerging credit demandand institute credit supply in a timely manner to facilitate economic transformation. This...

The influence of climate variability on agricultural production and financial risks faced by an individual or an institution has been the center of the public discussion in the recent years. The changing weather patterns and environmental conditions could cause substantial unpredicted economic...

This study examines the interaction between insurance, credit and liquidityconstraints using a stochastic dynamic model. A risk averse farmer whoseobjective is to manage both production and market risk is assumed tomaximize the expected utility of life-time consumption by using both arearevenue...

This article aims to explore the vertical integration decision of a beef processor from an integrated approach operations strategy andtransaction costs economic theory. In this research, vertical integration as a structural decision of operations strategy determinedby the occurrence of...

Rankings of different risk management portfolios including Average Crop Revenue Election (ACRE), traditional government payment programs, crop insurance and hedging in futures; and optimal choices of insurance coverage levels and hedge ratios are evaluated for a representative central Indiana...

The farm household structure is a complex set of inter-relationships between and among a variety of internal and external factors involving consumption, investment, and income-earning activities. In this paper we use ARMS data to explore the contribution of off-farm income to the viability of...

This study highlights some problems with using the Johansen cointegration statistics on data containing a negative moving average (NMA) in the error term of the data generating process. We use a Monte Carlo experiment to demonstrate that the asymptotic distribution of the Johansen cointegration...

The potential accession of Turkey to the EU, and the related adoption of the CAP by Turkey,is expected to influence agricultural markets in both the EU and Turkey. The extent of theaccession impacts depends on the one hand on the way the CAP will be implemented inTurkey, while on the other hand...

In diesem Beitrag wird der Frage nachgegangen, inwieweit Optimierungsansätze wie lineareProgrammierungsmodelle geeignet sind, bessere Entscheidungen als reale Entscheider zu treffen.Auch beleuchtet werden Unterschiede im Entscheidungsverhalten und in denProduktionsstrategien. Dazu lassen wir...

This paper explores two ideas to enhance the performance of agri-environmental contracting schemes: linking contract payments to environmental outcomes and putting the contracts up for tender. This paper investigates whether there are any gains to be had by combining the benefits of both...