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| Pigeon, Mathieu; Frahan, Bruno Henry de; Denuit, Michel. |
| Recently, the European Commission proposed to introduce several risk management tools in the rural development pillar 2 of the CAP. One of them consists in providing co-financing support to mutual funds compensating farmers who experience a severe drop in their farm income. This paper analyses this new farm income stabilization tool for the Walloon region in Belgium, considering separately three groups of farms (crop, dairy and cattle farms). Relying on FADN data from 1997 to 2007, this analysis focuses on estimating the probability that such regional mutual funds would need to intervene to compensate farm net incomes and, in that case, the expected amount of each farm income compensation and the total expected amount of compensation. The budgetary... |
| Tipo: Presentation |
Palavras-chave: Agricultural risk management; Income stabilisation; Belgium; European Union; Risk and Uncertainty; D81; Q12; Q18.. |
| Ano: 2012 |
URL: http://purl.umn.edu/122485 |
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| Wallace, Garry E.; Samsul Huda, A.K.. |
| In recent decades farmers have used financial instruments such as cash forward contracts to lock-in a price for increasing proportions of their crop through different stages of the production cycle. Given the high variability of the Australian climate this practice has inherent risk with drought induced crop failure being significantly probable. Under failed crop conditions farmers buy themselves out of the contracted position at prevailing prices thereby compounding the financial burden of crop failure. This paper reports on the role of the relatively recent developments in climate prediction, based on the SOI phase system, to develop crop yield probability distributions using regression approximation and to evaluate the Value at Risk of establishing a... |
| Tipo: Article |
Palavras-chave: Canola crop; Agricultural risk management; Farm Management. |
| Ano: 2005 |
URL: http://purl.umn.edu/123144 |
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| Vedenov, Dmitry V.; Barnett, Barry J.. |
| This study analyzes efficiency of weather derivatives as primary insurance instruments for six crop reporting districts that are among the largest producers of corn, cotton, and soybeans in the United States. Specific weather derivatives are constructed for each crop/district combination based on analysis of several econometric models. The performance of the designed weather derivatives is then analyzed both in- and out-of-sample. The primary findings suggest that the optimal structure of weather derivatives varies widely across crops and regions, as does the risk-reducing performance of the optimally designed weather derivatives. Further, optimal weather derivatives required rather complicated combinations of weather variables to achieve reasonable fits... |
| Tipo: Journal Article |
Palavras-chave: Agricultural risk management; Crop insurance; Index insurance; Weather derivatives; Risk and Uncertainty. |
| Ano: 2004 |
URL: http://purl.umn.edu/30916 |
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| Frost, Mark; Parton, Kevin A.. |
| The Australian dollar is considered primarily a commodity-based currency. The high level of commodity-based exports in Australia’s trade balance is given as an explanation. Accordingly changes in world commodity prices should bring commensurate changes in the value of the Australian dollar, such that changes in world commodity prices are only partially transmitted to the Australian economy and local farm-gate prices. If this relationship holds, then local farm-gate prices should be significantly less volatile than their respective world price. Variances in local prices would be due to local factors (e.g. variances in local production) rather than variances in the world price and international factors. This paper examines the farm-gate prices of Australia’s... |
| Tipo: Article |
Palavras-chave: Farm economics; Farm business management; Agricultural risk management; Commodity prices; Farm Management. |
| Ano: 2005 |
URL: http://purl.umn.edu/123139 |
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| Vale, Sonia Maria Leite Ribeiro do; Pereira, Vanessa da Fonseca; Lima Neto, Antonio Carlos; Sant'Anna, Julio Cezar Oliveira. |
| The agriculture sector has particular characteristics, general and unfavorable, which make its participants exposed to risks, and increase the complexity of making decisions. However, little is known about how farmers perceive risk in their activity. Based on a research done in the Zona da Mata region in the State of Minas Gerais, this work shows the view of a group of milk producers about the risks which they are exposed to, and also, describes the tools used by them as managing responses to these risks. Firstly, the farmers answered about the importance of the different kinds of risks in their business, and next, pointed out the methods they use to manage them. The results show the lack of a formal risk managing strategy, which has been substituted up to... |
| Tipo: Journal Article |
Palavras-chave: Agricultural risk management; Information; Risk and Uncertainty. |
| Ano: 2007 |
URL: http://purl.umn.edu/54599 |
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