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| Ramaswami, Bharat; Birthal, Pratap Singh; Joshi, P.K.. |
| This paper is an empirical analysis of the gains from contract farming in the case of poultry production in the state of Andhra Pradesh in India. The paper finds that contract production is more efficient than noncontract production. The efficiency surplus is largely appropriated by the processor. Despite this, contract growers still gain appreciably from contracting in terms of lower risk and higher expected returns. Improved technology and production practices as well as the way in which the processor selects growers are what make these outcomes possible. In terms of observed and unobserved characteristics, contract growers have relatively poor prospects as independent growers. With contract production, these growers achieve incomes comparable to that of... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Contract Farming; Contracting; Poultry; Vertical Integration; Farm Management; Livestock Production/Industries. |
| Ano: 2006 |
URL: http://purl.umn.edu/58573 |
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| Ramaswami, Bharat; Singh, Jatinder. |
| Abstract The limited presence of futures exchanges in developing countries where commodity markets fall short of the ideal underscore the importance of understanding the relation between spot and futures markets. The paper examines the exceptional success of the soya oil contract at the National Board of Trade (NBOT) in India. The paper asks whether the NBOT contract exhibits the fundamental features of mature futures markets in terms of its use by hedgers. If the market offers arbitrage opportunities to hedgers and if such activity is significant, then the activities of commercial firms should affect the returns to their hedging portfolio i.e., change in basis. This insight is developed into an examination of the impact of soya oil imports on the basis.... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Basis; Hedging; Futures market; Spot markets; Soya oil; Marketing; G13; Q13. |
| Ano: 2007 |
URL: http://purl.umn.edu/7919 |
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| Pray, Carl E.; Ramaswami, Bharat. |
| This article attempts to measure the impact of Indias limited liberalization on the seed industry and on farmers. Using a unique data set on the structure, research, and sales of private seed firms at two points in time, 1987 and 1995, we provide evidence that liberalization increased the competitiveness of the seed industry, and increased the amount of research by Indian and foreign seed firms. Then, using government district level data and data collected from these firms, we show that private hybrids increased farmers yields. This suggests that Indian farmers are the true beneficiaries of liberalization and that policies that encourage more competition and more research will provide future benefits to farmers. |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 1999 |
URL: http://purl.umn.edu/34217 |
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| Bansal, Sangeeta; Ramaswami, Bharat. |
| Labeling of genetically modified (GM) foods is a contentious issue and internationally, there is sharp division whether such labeling ought to be mandatory. This debate has reached India where the government has proposed mandatory labeling. In this context, this paper evaluates the optimal regulatory approach to GM food labels. Mandatory labeling aims to provide greater information and correspondingly more informed consumer choice. However, even without such laws, markets have incentives to supply labeling. So can mandatory labeling achieve outcomes different from voluntary labeling? The paper shows that this is not the case in most situations. The paper goes on to explore the special set of circumstances, where mandatory labeling makes a difference to... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Genetically modified (GM) foods; Biosafety; Food labeling; India; Food Security and Poverty. |
| Ano: 2007 |
URL: http://purl.umn.edu/42409 |
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| Ramaswami, Bharat; Roe, Terry L.. |
| Earlier analyses of area yield crop insurance schemes used a reduced form linear relationship between individual and area yield. However, without knowledge of the structural framework, the analysis and design of alternative schemes is problematic. This paper resolves this problem. The paper characterizes the entire class of structural models equivalent to the reduced form. As a result, the beta, the slope coefficient of the reduced form is expressed as a function of structural parameters. Second, the structural model is used to analyze the relation between the aggregation (that determines area yields) and the risk reduction due to area yield insurance. Third, we consider optimal area yield insurance for an important class of structural models not... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Area Yield; Beta; Crop Insurance; Systemic Risks; Risk and Uncertainty; G22; Q14. |
| Ano: 2001 |
URL: http://purl.umn.edu/20638 |
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