Consulta: subjectFacets:"Semi-nonparametric"
Registros recuperados: 4
Data/hora: 12/06/2024 02:12:24

Estimating the Costs of Revenue Deficiency Programs
Provedor de dados: 31
Autores: Cooper,   Joseph C.
This paper develops an approach to empirically demonstrate how the within-season distribution of U.S. domestic commodity support for corn differs between current-style approaches of support and revenue-based support. From a purely economic standpoint, the results show the revenue-based payment scenarios to be preferable at the national level to the uncoordinated forms of support currently in use, even in a situation where the annual mean payments are set equal across the support scenarios. For revenue-based support, the variability around the total expected annual payment is lower, and perhaps more importantly, the probability of high payments is lower. These results suggest advantages to this type of support, both in terms of lower budgetary uncertainty –...
Tipo: Conference Paper or Presentation
Palavras-chave: Domestic support; Marketing loan benefits; Counter-cyclical payments; Disaster assistance; Revenue support; Corn; Nonparametric; Semi-nonparametric; Bootstrap; Financial Economics.
Ano: 2007
URL: http://purl.umn.edu/9699

Globally Flexible Modeling of County-Level Acreage Response for Primary U.S. Field Crops
Provedor de dados: 31
Autores: Cooper,   Joseph C.; Arnade,   Carlos Anthony.
This study takes the standard acreage response model that stems from an expected utility framework, accounting for both price and yield variability, and nests it within a flexible semi-nonparametric (SNP) model consistent with farm-level decision models for computationally tractable results. We use county-level data to estimate the response of farmers’ planting preferences to changes in revenue and other variables.
Tipo: Conference Paper or Presentation
Palavras-chave: Acreage response; Elasticities; Field crops; Semi-nonparametric; Risk; Agricultural and Food Policy; Crop Production/Industries; Farm Management; Land Economics/Use; Production Economics; Research Methods/ Statistical Methods; Risk and Uncertainty.
Ano: 2011
URL: http://purl.umn.edu/103240

A Revenue-Based Alternative to the Counter-Cyclical Payment Program
Provedor de dados: 31
Autores: Cooper,   Joseph C.
This paper develops a stochastic model for comparing payments to U.S. corn producers of a revenue-based counter-cyclical payment (R-CCP) that is offered as an alternative in the 2007 House "Farm Bill" (H.R. 2419) to the current price-based CCP (P-CCP). We minimize the potential for miss-specification bias in the model by using nonparametric and semi-nonparametric approaches as specification checks in the model. Using this model, the paper examines the sensitivity of the density function for payments to changes in expected price levels. A mean-variance utility function approach is used to assess producer preferences for choice of CCP program alternative. The results show that as risk reduction instruments at the farm level, there appears to be little...
Tipo: Conference Paper or Presentation
Palavras-chave: Domestic support; Counter-cyclical payments; Revenue; Price; Corn; Yield; Pairs bootstrap; Kernel density; Semi-nonparametric; Combinatorial optimization; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2008
URL: http://purl.umn.edu/6197

ACRE: A Revenue-Based Alternative to Price-Based Commodity Payment Programs
Provedor de dados: 31
Autores: Cooper,   Joseph C.
This paper develops a stochastic model for estimating the probability density function of the Average Crop Revenue Election (ACRE), a revenue-based commodity support payment that is offered under the 2008 Farm Act as an alternative to the traditional suite of price-based commodity payments, that is, marketing loan benefits and counter-cyclical payments.  We minimize the potential for miss-specification bias in the model by using nonparametric and semi-nonparametric approaches as specification checks in the model. Our simulation results show that adding ACRE revenue payments to gross revenue reduced the downside risk in revenue for corn, wheat, and soybean farmers in 2009 in the four locations examined, with reductions ranging from 4% to 25%.   Integrating...
Tipo: Conference Paper or Presentation
Palavras-chave: Domestic support; Average crop revenue election; Loan deficiency payments; Counter-cyclical payments; Revenue; Price; Corn; Yield; Pairs bootstrap; Kernel density; Semi-nonparametric; Combinatorial optimization; Negative exponential utility function; Agricultural and Food Policy; Demand and Price Analysis.
Ano: 2009
URL: http://purl.umn.edu/49180