Purpose – The purpose of this paper is to demonstrate how an organized framework for risk management called Risk Navigator SRM © can be practically applied to common risk management problems. Design/methodology/approach – The program makes complex risk principles easier to understand and...

Purpose – The purpose of this paper is to develop a dynamic computable general equilibrium (DCGE) model to analyze economy‐wide impacts of different types of public spending in China. A particular focus is placed on their impacts on food economy. Design/methodology/approach – In this...

Purpose – Developing nations need good cultivated land rental markets to foster rational resource use and to enhance productivity and equity. Can cultivated land rental markets emerge in the face of rapidly developing off‐farm labor markets? The purpose of this paper is to measure the...

Purpose – Investigating the characteristics of the transformation of China's agricultural growth and the institutional reforms during the whole transition period in the 1980s will help to understand China's economic and agricultural reform and offer some successful experiences to other...

Purpose – Pesticide residue is a stubborn problem affecting the quality and safety of agricultural products in China, and has not yet been fundamentally resolved. The purpose of this paper is to study farmers' perception of pesticide residues, as well as the main factors affecting their...

Purpose – The purpose of this paper is to identify factors that affect farm acceptance of the new seeds. This paper develops a Bivariate Probit model with adjusted sample selection bias to analyze Chinese farmers' sequential decision‐making process in their adoption of plant new varieties...

Purpose – The purpose of this paper is to identify the structural problem in the Chinese dairy sector. There exists a large number of low‐efficiency, small‐scale farms, and productivity inequality between small and large farms keeps increasing, which is a possible driving force behind the...

Purpose – The purpose of this paper is to examine the impacts of direct government payments on agricultural production and exports in the USA. Design/methodology/approach – Alternative regression models are estimated using the time‐series data of 1960 to 2010 from ERS/USDA to address the...

Purpose – Informal credit markets are very active in many developing countries, including China. Informal financial associations have become a major channel of borrowing. Using data from the 2006 Rural Household Survey, the purpose of this paper is to investigate farmers' borrowing choices...