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| Registros recuperados: 31 | |
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| Velandia, Margarita M.; Rejesus, Roderick M.; Knight, Thomas O.; Sherrick, Bruce J.. |
| Factors affecting the adoption of crop insurance, forward contracting, and spreading sales are analyzed using multivariate and multinomial probit approaches that account for simultaneous adoption and/or correlation among the three risk management adoption decisions. Our empirical results suggest that the decision to adopt crop insurance, forward contracting, and/or spreading sales are correlated. Richer insights can be drawn from our multivariate and multinomial probit analysis than from separate, single-equation probit estimation that assumes independence of adoption decisions. Some factors significantly affecting the adoption of the risk management tools analyzed are proportion of owned acres, off-farm income, education, age, and level of business risks. |
| Tipo: Journal Article |
Palavras-chave: Adoption decisions; Crop insurance; Forward contracting; Multinomial probit; Multivariate probit; Risk management; Spreading sales; Agribusiness; Agricultural Finance; Crop Production/Industries; Demand and Price Analysis; Risk and Uncertainty; G22; Q12; Q18. |
| Ano: 2009 |
URL: http://purl.umn.edu/48751 |
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| Thompson, Troy N.; Knight, Thomas O.; Boren, Billy D.. |
| The 50/92 and 0/92 reduced planting alternatives of the 1985 farm bill allow farm program participants more flexibility in making production decisions. Specifically, these provisions relax the incentive to produce inherent in earlier commodity programs that linked deficiency payments directly to harvested acreage. This study examined the value of this additional decision flexibility for crop producers in the Blacklands of Central Texas. The results suggest that the reduced planting alternatives would not be used by, and have no value for risk neutral producers, but have substantial value for risk averse producers who would reduce planted acreage in years when yield expectations are low. |
| Tipo: Journal Article |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 1990 |
URL: http://purl.umn.edu/30010 |
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| Shaik, Saleem; Coble, Keith H.; Knight, Thomas O.. |
| A two-stage simultaneous equation is utilized to model the choice of whether to purchase insurance and the choice of whether to purchase yield or revenue insurance using subjectively elicited survey data. Our results show an elasticity of demand for crop insurance that remains largely unchanged from earlier estimates (-0.40), but the elasticity for choices between yield and revenue insurance is found to be relatively more elastic (-0.76). Finally the link between adverse selection and the demand for insurance is examined. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Demand and Price Analysis. |
| Ano: 2005 |
URL: http://purl.umn.edu/19319 |
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| Knight, Thomas O.; Lovell, Ashley C.; Rister, M. Edward; Coble, Keith H.. |
| Agricultural lenders have a stake in and are in a position to influence their borrowers' management decisions. Risk management practice adoption is an area in which lenders might want to exercise this influence. This study employs logistic statistical models to estimate lenders' influence on crop producers' decisions regarding use of three alternative risk management practices: federal multiple-peril crop insurance, crop hail and fire insurance, and forward contracting. Results suggest lenders can exert significant influence on these decisions but that poor communication between lenders and borrowers likely reduces this influence. |
| Tipo: Journal Article |
Palavras-chave: Agricultural Finance; Risk and Uncertainty. |
| Ano: 1989 |
URL: http://purl.umn.edu/30092 |
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| Vergara, Oscar; Martin, Steven W.; Coble, Keith H.; Knight, Thomas O.; Patrick, George F.; Baquet, Alan E.. |
| A univariate Tobit model of extension educators' provision of risk management educational training was conducted in Mississippi, Texas, Indiana, and Nebraska. A complementary relationship exists between percent of time devoted to agricultural responsibilities and the provision of risk management training courses. The results indicate that, as extension educators perceive farmers to be more knowledgeable of risk management tools, their provision of risk management education decreases. On the other hand, the provision of risk management courses increase as extension educators perceive themselves as being more knowledgeable on the use of risk management tools. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Teaching/Communication/Extension/Profession. |
| Ano: 2003 |
URL: http://purl.umn.edu/35245 |
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| Mitchell, Paul D.; Knight, Thomas O.. |
| A primary change to crop insurance contained in the USDA's Farm Bill Proposal is Supplemental Deductible Coverage (SDC). SDC would allow farmers who purchase individual crop insurance coverage to purchase GRP in the amount of the individual policy deductible. GRP indemnities would be accelerated compared with the current GRP policy. Analysis indicates that SDC provides substantial benefits in terms of certainty equivalent gains. The largest benefits are realized by low risk farmers, compared to others in the county, and farmers whose yields are highly correlated with the county yield. Optimal individual policy coverage levels generally decrease when SDC is taken. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 2007 |
URL: http://purl.umn.edu/92125 |
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| Coble, Keith H.; Knight, Thomas O.; Patrick, George F.; Baquet, Alan E.. |
| Changes in the risk environment and tools available to manage risk have resulted in an increased need for risk management skills among farmers and ranchers. In response the USDA initiated a risk management education competitive grants program in the spring of 1998. This is the first report from one of the grant-funded projects. The project's primary objective is to provide supporting research that will contribute to the design and implementation of effective risk management education programs, policies and tools. This report provides selected summary statistics, without analysis, from a survey of crop producers conducted as part of the first phase of the project. Over 1,800 usable producer responses from Mississippi, Texas, Indiana, and Nebraska are... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Risk Insurance Marketing Policy; Risk and Uncertainty. |
| Ano: 1999 |
URL: http://purl.umn.edu/15805 |
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| Patrick, George F.; Peiter, Amy J.; Knight, Thomas O.; Coble, Keith H.; Baquet, Alan E.. |
| Hog producers in Indiana and Nebraska were surveyed about sources of risk, effectiveness of risk management strategies, and prior participation in and desire for additional risk management education. Ownership of hogs by the producer, size of the operation, and age did have significant effects on ratings of both sources of risk and effectiveness of risk management strategies. Probit analysis found age, prior attendance, knowledge and prior use of the tool, level of integration, and concern about price and performance risk have significant effects on interest in further education about production contracts, futures and options, packer marketing contracts, and financial management. |
| Tipo: Journal Article |
Palavras-chave: Financial management; Futures and options; Packer marketing contracts; Production contracts; Risk attitudes; Risk management; D81; D83; Q12; Q16. |
| Ano: 2007 |
URL: http://purl.umn.edu/37110 |
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| Rejesus, Roderick M.; Knight, Thomas O.; Jaramillo, Mauricio; Coble, Keith H.; Patrick, George F.; Baquet, Alan E.. |
| This article examines farmers’ preferences for various risk management information sources. Our results suggest that information from risk management experts, in-depth materials studied on their own, and popular press outlets tend to be preferred and are ranked highly by producers. Using a regression model to investigate farmer/farm attributes that affect preference for a particular risk management information source, we find that younger farmers with college education, higher leverage, assets greater than $1 million, risk-loving attitudes, and who have used professional services (marketing consultants) tend to prefer information from risk management experts, the Internet, and marketing clubs/other producers. On the other hand, producers who prefer... |
| Tipo: Journal Article |
Palavras-chave: Crop insurance; Extension; Information sources; Outreach; Risk management; Risk and Uncertainty. |
| Ano: 2008 |
URL: http://purl.umn.edu/44742 |
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| Registros recuperados: 31 | |
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