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Registros recuperados: 4
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Evaluation of an index-based risk management contract for agricultural activities AgEcon
Weynants, Stephanie; Gaspart, Frederic; Frahan, Bruno Henry de.
This paper proposes and evaluates area index-based financial contracts for specific farm activities. These financial contracts allow not only for removing moral hazard and adverse selection as index insurances do, but also for adding more flexibility and, hence, better risk protection. The evaluation of these financial contracts uses FADN farm data of Belgium from 1990 to 2007. Area indexes based on yield and yield-in-value perform well in stabilising revenues from some farm activities, but badly from some others. The variation in the estimated actuarially fair premiums across agricultural area shows the importance of designing those financial contracts according to homogenous agricultural area.
Tipo: Presentation Palavras-chave: Agricultural risk management; Index insurance; Financial contract; Belgium; Risk and Uncertainty; D81; Q12; Q18.
Ano: 2012 URL: http://purl.umn.edu/122483
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Modelling the impact of private quality standards on the fresh fruit and vegetable supply chains in developing countries AgEcon
Fontaine, Damien; Gaspart, Frederic; Frahan, Bruno Henry de.
Stricter quality requirements and greater uses of private quality standards have a considerable impact on the fresh fruit and vegetable supply chain in developing countries. In particular, the future of small-scale production is in doubt. This paper presents a theoretical game theory model to study the impact of quality requirements on producer and consumer welfare within certified supply chains. The model shows that total producer welfare is maximized at higher quality levels where farmers who are efficient in the production of quality products participate, whilst less efficient producers are excluded. In addition, the model provides useful insights on welfare and poverty impact of increased competition and changes in private standard certification costs.
Tipo: Conference Paper or Presentation Palavras-chave: Fruit and vegetables; Private quality standards; Game theory; Crop Production/Industries.
Ano: 2008 URL: http://purl.umn.edu/44378
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FARM HOUSEHOLD INCOMES AND REFORMING THE CAP AgEcon
Frahan, Bruno Henry de; Nkunzimana, Tharcisse; De Blander, Rembert; Gaspart, Frederic; Sumner, Daniel A..
Low and variable farm income has been a main rationale for heavy government intervention in agricultural markets and income transfers to farmers whether in Europe in response to disruptive agricultural imports and low world prices at the end of the 19th century or in the US in response to the Great Depression. While the future of the Common Agricultural Policy (CAP) is again discussed and new directions are examined, it is fundamental to know to what extent low and variable farm income is still a problem in contemporary European agriculture and a valid rationale for designing the new CAP. In this context, this paper first examines the income level and distribution of farm households compared to those of non-farm households for a selection of OECD...
Tipo: Conference Paper or Presentation Palavras-chave: Farm household income; Poverty; Common Agricultural Policy; European Union; OECD.; Agricultural and Food Policy; Political Economy; Research Methods/ Statistical Methods; Q10; Q18..
Ano: 2008 URL: http://purl.umn.edu/44814
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A Panel Data Analysis of the Determinants of Farmland Price: An Application to the Effects of the 1992 Cap Reform in Belgium AgEcon
Duvivier, Romain; Gaspart, Frederic; Frahan, Bruno Henry de.
This study identifies the effects of the 1992 and subsequent CAP reforms on arable farmland price in Belgium. We first propose a brief literature review of studies identifying the determinants of farmland price. Afterwards, we use a panel data set to estimate a capitalization model of farmland price. We first show that the compensatory payments introduce by the 1992 CAP reform exert a positive effect on the arable farmland price in Belgium. We also identify a structural break in the land price equation after the adoption of the new support instruments as well as a regional break between Wallonia and Flanders.
Tipo: Conference Paper or Presentation Palavras-chave: Farmland price; Land market; Common Agricultural Policy; Capitalization of agricultural support; Agricultural and Food Policy; Land Economics/Use; Q10; Q15; Q18.
Ano: 2005 URL: http://purl.umn.edu/24577
Registros recuperados: 4
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