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Risk and Subsidies in Czech Agriculture - an ex-ante Analysis of Farmers´ Decision-making AgEcon
Jelinek, Ladislav; Foltyn, Ivan; Spicka, Jindrich; Ratinger, Tomas.
This paper deals with the ex-ante analysis of the effects of farm subsidies on farm behaviour. Beside that the risk factor is implemented in the farm model to reflect and quantify potential (negative) impact on farm results. A farm-level optimization model is used to assess the effects of different kind of policies and risk on production structure, income indicators and land use management. It appeared that a reasonable level of risk (via income variation) have impact, but not significant. If liberalisation would have happened (zero direct and disadvantageous payments) production would homogenised, 30% of land would remained abandoned, production and income would clearly decline. Other scenario points out that environmental objectives (here through more...
Tipo: Journal Article Palavras-chave: Agrarian policy; Risk assessment; Farm model; Direct payments; Agricultural and Food Policy; Farm Management; GA; IN.
Ano: 2010 URL: http://purl.umn.edu/99066
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Weather derivative design in agriculture – a case study of barley in the Southern Moravia Region AgEcon
Spicka, Jindrich.
The aim of this paper is to point out some problems of index estimation for the purposes of weather derivative valuation considering the particularities of agriculture. The assessment of the sensitivity of barley to weather over 40 years has been the basis for the design and valuation of weather derivative in the Czech Republic (The Southern Moravia Region). The analysis is based on regression modeling using temperature index and barley yield. The burn analysis based on parametric bootstrap is used as the method for the valuation of weather derivative contract. With the effective bootstrap tool, the burn analysis may easily be processed and the uncertainty about the pay-off, option price and statistics of probability distribution of revenues can be...
Tipo: Journal Article Palavras-chave: Weather derivative valuation; Agriculture; Risk management; Basis risk; Burn analysis; Agricultural and Food Policy; Research Methods/ Statistical Methods; Risk and Uncertainty; GA; IN.
Ano: 2011 URL: http://purl.umn.edu/116383
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Global trends in risk management support of agriculture AgEcon
Spicka, Jindrich.
The aim of this paper is to make an international comparison of risk management policies in OECD countries as well as in selected emerging economies. The results are based on the data from OECD Producer Support Estimates Database and General Services Support Estimates Database, a study of agricultural insurance schemes carried out by the European Commission and an overview of risk-related policy measures formulated by the OECD. The results indicate that all OECD countries have the price stabilizing support for at least some commodities. Although the share of market price support in the producer support estimates has been decreasing for a long time, it still remains an important component in most countries around the world. The analysis also revealed the...
Tipo: Journal Article Palavras-chave: Agriculture; Agricultural policy; Risk management; Market price support; Income stabilization; Community/Rural/Urban Development; Environmental Economics and Policy; Financial Economics; International Relations/Trade; GA; IN.
Ano: 2010 URL: http://purl.umn.edu/99224
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