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Government support, transfer efficiency, and moral hazard within heterogeneous regions in Canadian Agriculture AgEcon
Thibodeau, David R.; Clark, J. Stephen.
This study estimates the transfer efficiency of government payments on Canadian agriculture. Three measures of efficiency are used: (1) the capitalization of support into farmland values, (2) the rate of income stabilization, and (3) the effect of past government support on the variance of income. We derive transfer efficiency estimates by applying panel econometric techniques to provincial time series data. With regard to the capitalization formula, we find that the capitalization of government into farmland values is homogeneous across provinces. We estimate the rate of capitalization at approximately $11.76 for every $1.00 increase in government support. A substantial amount of heterogeneity was found for the stabilization equation. Four homogeneous...
Tipo: Conference Paper or Presentation Palavras-chave: Land values; Income stabilization; Moral Hazard; Non-stationarity; Agricultural and Food Policy; Land Economics/Use; Risk and Uncertainty.
Ano: 2009 URL: http://purl.umn.edu/51806
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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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