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| Registros recuperados: 18 | |
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| Buschena, David E.; Ziegler, Lee. |
| Revenue insurance, only recently introduced for major crops in the U.S., has captured a considerable share of the multiple-peril insurance market. This study evaluates the predictive reliability of using price distributions inferred from options markets to rate revenue insurance products. We find for periods early in the crop growing season that price distributions inferred from options trades offer greater reliability than distributions based on historical futures trades. Options-based price distributions should receive further consideration in crop revenue insurance rating, but current administrative constraints must be considered. |
| Tipo: Journal Article |
Palavras-chave: Risk and Uncertainty. |
| Ano: 1999 |
URL: http://purl.umn.edu/30806 |
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| Buschena, David E.; McNew, Kevin. |
| Put options have been recommended as a substitute for price support programs (Gardner, 1977), and subsidized option purchases have received some support in lieu of subsidized insurance programs. Put options are an interesting alternative to price supports because their market-determined price levels allow for flexibility and adjustments to relevant current and expected market conditions. One difficulty with the use of put options as a substitute for commodity price supports is the relative thinness of these options markets for some commodities. Market thinness is defined here as the absence of traders willing to take the necessary opposite position in the market in lieu of a relatively large price premium, particularly for a large number of contracts.... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
| Ano: 2005 |
URL: http://purl.umn.edu/19271 |
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| Buschena, David E.; Smith, Vincent H.; Di, Hua. |
| Market-oriented policy reforms have potentially important effects on farm-level grain production and utilization decisions in developing countries. This paper provides an empirical evaluation of the potential effects of market liberalization in China on farm-level wheat consumption, market sales, and on-farm storage. The results indicate that price changes have economically important impacts on utilization decisions by farm families through both income and substitution effects and that off- farm income also appears to be significant. The potential to earn off-farm income is also shown to be an important factor in grain utilization decisions. Storage is affected by government procurement policies as well as by more traditional food and income security... |
| Tipo: Working or Discussion Paper |
Palavras-chave: China; Wheat; Grain storage; Procurement quotas; Household allocation decisions; Agricultural and Food Policy; Q18. |
| Ano: 2000 |
URL: http://purl.umn.edu/29244 |
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| Batastini, John; Buschena, David E.. |
| The reintroduction of the gray wolf to Montana and other western states has to date largely pitted ranchers against environmental groups, with the U.S. Fish and Wildlife Service (USFWS) as the central agency for this reintroduction. There is also another group affected by wolves that to date have had little influence on this reintroduction. Hunters have diverse views on wolves, and accordingly have not spoken with one voice concerning their reintroduction. This lack of a common view is mirrored by the Rocky Mountain Elk Foundation's (one of the largest hunting groups in North America) evolving policy statements in 1995 and 2003 that specifically addresses that their membership will take different sides to wolf reintroduction, and that the group supports... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2007 |
URL: http://purl.umn.edu/9729 |
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| Mastel, Mike; Buschena, David E.. |
| The performance of the grain transportation industry, historically low real grain prices, and decreasing government support for grain prices have renewed interest in local grain prices and shipping costs. An understanding of the relationship between local cash prices and futures prices is an important part of minimizing the price risk associated with growing and merchandising grain. The ability to recognize the seasonal patterns between these prices offers improved profit potential for marketing grain. A Montana producer's decision of when and how to market his/her crop can have a great impact on net profit. Farm managers can use cash sales at or after harvest, forward contracting with a local grain elevator, or hedging with the use of futures and options... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Grain marketing; Futures; Basis; Freight rates; Marketing strategies; Marketing; Q1. |
| Ano: 2000 |
URL: http://purl.umn.edu/29176 |
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| Buschena, David E.; Zilberman, David. |
| This article reviews two major approached used in the past for risk analysisthe expected utility approach and the use of safety rulesand endeavors to reconcile their applicability and use in light of the recent nonexpected utility risk literature and working using the mean-Gini coefficient for risk analysis. This leads to the identification of several "reduced form" hypotheses that hold under a variety of theoretical structures and to a discussion of some empirical evidence regarding these hypotheses. The major lesson of recent research of individual behavior under risk is that it is not always consistent with the expected utility approach; in short, there is no generic model for evaluating behavior under risk. |
| Tipo: Journal Article |
Palavras-chave: Risk and Uncertainty. |
| Ano: 1994 |
URL: http://purl.umn.edu/30756 |
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| Buschena, David E.; Gray, Richard S.; Severson, Ethan. |
| Substantial changes have taken place recently in the regulation of agricultural trade in North America. The effect of these changes on trade in agricultural commodities is of particular interest to producers and policymakers in the Northern Plains and Rockies region. In this paper, we discuss specifically the malt barley production, malting, and brewing industries in light of these new trade agreements and their ramifications. We evaluate the incentives that free trade provides for mergers between barley malting firms, and then we assess the consequences of these mergers on the realized gains from trade for consumers, barley producers, and malting firms. The globalization of markets has fundamentally changed the world in which economic agents operate.... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Malting barley; Industry concentration; Free trade agreement; Industrial Organization; Q1; F1. |
| Ano: 1998 |
URL: http://purl.umn.edu/29168 |
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| Buschena, David E.; Smith, Vincent H.; Di, Hua. |
| Market-oriented policy reforms often have important effects on farm-level grain production and utilisation decisions in developing countries. China’s grain farmers are of particular interest because of China’s importance in world grain markets and because of China’s recent major agricultural policy advances and retrenchments. An empirical evaluation of market liberalisation among farmers located in two provinces in China on farm-level wheat consumption, market sales and on-farm storage during 1994 is presented. The results indicate that policymakers should account for such changes in farm household behaviour in designing and assessing the consequence ofmarket liberalisation programs for agricultural sectors in developing countries. |
| Tipo: Article |
Palavras-chave: China; Grain storage; Household allocation decisions; Procurement quotas; Wheat; Crop Production/Industries. |
| Ano: 2005 |
URL: http://purl.umn.edu/118442 |
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| Registros recuperados: 18 | |
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