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El Nino Southern Oscillation (ENSO) teleconnections imply anomalous weather conditions around the globe, causing yield shortages, price changes, and even civil unrests. Extreme ENSO events may cause catastrophic damages to crop yields, thus amplifying downside risk for producers. This study...
Persistent link: https://www.econbiz.de/10009421065
the period 1995-2009 to estimate the implied skewness parameter separately for each trading day. An economic explanation … is then presented for inter-year variations in implied skewness based on the theory of storage. After controlling for … skewness, as predicted by the theory of storage. Furthermore, intra-year dynamics of implied skewness reflect the fact that …
Persistent link: https://www.econbiz.de/10009444328
specifically considering the impact of Bt on the mean, variance, and skewness of yields. Assessing the skewness effects of Bt … skewness effects of Bt within a damage abatement specification. Our results indicate that Bt corn do not have a statistically … significant risk-reducing (i.e., variance-reducing) or downside risk-reducing (i.e., skewness-increasing) effect, the main benefit …
Persistent link: https://www.econbiz.de/10010916699
This study investigates the impact of climate change adaptation on farm households’ downside risk exposure (e.g., risk of crop failure) in the Nile Basin of Ethiopia. The analysis relies on a moment-based specification of the stochastic production function. We estimate a simultaneous equations...
Persistent link: https://www.econbiz.de/10009322808
the period 1995-2009 to estimate the implied skewness parameter separately for each trading day. An economic explanation … is then presented for inter-year variations in implied skewness based on the theory of storage. After controlling for … skewness, as predicted by the theory of storage. Furthermore, intra-year dynamics of implied skewness reflect the fact that …
Persistent link: https://www.econbiz.de/10009020946
approach in this study. We also use the flexible moments approach of Antle (1983) to estimate skewness of yield. We estimate a … residuals of the mean function to estimate the marginal effect of each input on variance and skewness of yield. The results show … that there is not a systematic relationship between the presence of GM traits and variance and skewness of yield, and the …
Persistent link: https://www.econbiz.de/10009021442
A theoretical optimal hedging model is developed to determine potential demand from Australianfarmers for a hedging tool to remove the economic consequences of climate related variability inwheat yield. In the past, financial instruments have been developed to hedge price risk on capitalmarkets;...
Persistent link: https://www.econbiz.de/10009445045
This study examines the economic potential of producing a wheat (Triticum aesitivum) and grain sorghum (Sorghum bicolor …
Persistent link: https://www.econbiz.de/10009445784
examined for reduction in yield and gross farm income variability, including deficiency payments, using farm-level wheat yield …
Persistent link: https://www.econbiz.de/10010878845
interest in the futures markets. In this paper, we concentrate on the European wheat futures markets (feed and milling) and the … CBOT’s wheat contract as a comparison. The purpose of the paper is to study whether those markets still allow substitution …
Persistent link: https://www.econbiz.de/10010909996