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Registros recuperados: 32 | |
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Deng, Xiaohui; Barnett, Barry J.; Hoogenboom, Gerrit; Yu, Yingzhuo; Garcia y Garcia, Axel. |
Three index-based crop insurance contracts are evaluated for representative south Georgia corn farms. The insurance contracts considered are based on indexes of historical county yields, yields predicted from a cooling degree-day production model, and yields predicted from a crop-simulation model. For some of the representative farms, the predicted yield index contracts provide yield risk protection comparable to the contract based on historical county yields, especially at lower levels of risk aversion. The impact of constraints on index insurance choice variables is considered and important interactions among constrained, conditionally optimized, choice variables are analyzed. |
Tipo: Journal Article |
Palavras-chave: Area yield insurance; Cooling degree days; DSSAT; Group risk plan; Agribusiness; Crop Production/Industries; G13; G22; Q12. |
Ano: 2008 |
URL: http://purl.umn.edu/45521 |
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Martin, Steven W.; Barnett, Barry J.; Coble, Keith H.. |
Production agriculture and agribusiness are exposed to many weather-related risks. Recent years have seen the emergence of an increased interest in weather-based derivatives as mechanisms for sharing risks due to weather phenomena. In this study, a unique precipitation derivative is proposed that allows the purchaser to specify the parameters of the idemnity function. Pricing methods are presented in the context of a cotton harvest example from Mississippi. Our findings show a potential for weather derivatives to serve niche markets within U.S. agriculture. |
Tipo: Journal Article |
Palavras-chave: Risk and Uncertainty. |
Ano: 2001 |
URL: http://purl.umn.edu/31155 |
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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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Zhang, Rui (Carolyn); Houston, Jack E.; Vedenov, Dmitry V.; Barnett, Barry J.. |
The high proportion of government payments in total crop farm income and the purchase of subsidized crop insurance have changed the income distribution of U.S. crop farmers. As a result, the risk management behaviors of U.S. crop farmers are affected by these programs in terms of the use of private market risk management tools, such as futures and options. The objective of this research is to investigate the effects of the government payments and federal crop insurance policies on the usage of futures and options by crop farmers from a downside risk management perspective. Results in this study suggest that both yield insurance and revenue insurance creates more hedging demands for futures. But revenue insurance decreases the buying of put options at the... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural and Food Policy; Agricultural Finance. |
Ano: 2007 |
URL: http://purl.umn.edu/9911 |
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Anderson, John D.; Barnett, Barry J.; Coble, Keith H.. |
This research investigates the potential effects of the standing disaster assistance program proposed in the Senate version of the 2008 Farm Bill. Results suggest no significant impact on producer crop insurance purchase decisions. Payments under the program should be expected to differ considerably across geographic regions and levels of diversification, with the program providing the greatest benefit to undiversified producers in more risky production regions (e.g., the Southern Plains). |
Tipo: Conference Paper or Presentation |
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Ano: 2008 |
URL: http://purl.umn.edu/48102 |
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Skees, Jerry R.; Barnett, Barry J.; Hartell, Jason G.. |
Markets for transferring catastrophic risk in agriculture are woefully lacking in developing countries. Even in developed countries, markets for transferring the risk of crop losses caused by natural hazards generally exist only with large government subsidies. However, such subsidies can be expensive, inefficient, and have detrimental implications that make future catastrophes even worse. In developing countries fiscal constraints limit the degree to which governments can subsidize markets for agricultural risk-sharing. Nonetheless, there are specific things governments can do to facilitate the development of these markets. This paper addresses the role of government in agricultural risk-sharing for natural disasters that impact crop yields or livestock... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural and Food Policy; Risk and Uncertainty; D8; H5; Q14; Q18; Q54. |
Ano: 2006 |
URL: http://purl.umn.edu/25548 |
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Registros recuperados: 32 | |
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