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| Registros recuperados: 56 | |
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| Babcock, Bruce A.; Fabiosa, Jacinto F.; Matthey, Holger; Isik, Murat; Tokgoz, Simla; Elobeid, Amani E.; Hart, Chad E.; Full, Frank. |
| The Uruguay Round Agreement on Agriculture (URAA) provided a continuing mandate for progressive reforms to liberalize world agricultural markets. A new round of negotiation was put into motion in early 2000 and later formalized in what is now called the Doha Round. The Doha Round negotiation follows the same principle laid out in the URAA, with the introduction of three reform anchors: market access, export competition, and reduction of domestic support. This paper specifies the new schedule of commitments for each member country under the proposed modalities and assesses the potential market impacts of these changes for world agricultural markets. We specifically focus on grains, oilseeds, sugar, cotton, livestock, poultry, and dairy markets. |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade. |
| Ano: 2003 |
URL: http://purl.umn.edu/18659 |
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| Babcock, Bruce A.; Beghin, John C.; Mohanty, Samarendu; Fuller, Frank H.; Fabiosa, Jacinto F.; Chaudhary, Sudhir; Kaus, Phillip J.; Fang, Cheng; Hart, Chad E.; Kovarik, Karen. |
| This document briefly summarizes the impacts of the European Union's Common Agricultural Policy (CAP) reforms on the European agricultural sector and on international agricultural trade. Objectives of the CAP reform (as stated in EU Commission documents) are: to ensure the environmental viability of European agriculture, and to protect the livelihood of European farmers. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 1999 |
URL: http://purl.umn.edu/18282 |
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| Babcock, Bruce A.; Hart, Chad E.. |
| The Agricultural Risk Protection Act (ARPA) has largely met its objectives of inducing farmers to increase their use of the crop insurance program. Both insured acreage and coverage levels have increased dramatically in response to ARPA's large increase in premium subsidies. An unintended consequence of the larger subsidies is a dramatic increase in the incentive for farmers to insure their crops under optional units, that is, insurance at the field level rather than at the farm or crop level. The expected rate of return to farmers who choose to invest additional premium dollars to move to optional unit coverage ranges from a low of 61 percent at the 85 percent coverage level to 144 percent at the 65 percent coverage level. This explains why the majority... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural Risk Protection Act (ARPA); Crop insurance; Optional units; Crop Production/Industries; Risk and Uncertainty. |
| Ano: 2005 |
URL: http://purl.umn.edu/18297 |
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| Hayes, Dermot J.; Babcock, Bruce A.; Fabiosa, Jacinto F.; Tokgoz, Simla; Elobeid, Amani E.; Yu, Tun-Hsiang (Edward); Dong, Fengxia; Hart, Chad E.; Chavez, Eddie C.; Pan, Suwen; Carriquiry, Miguel A.; Dumortier, Jerome. |
| We examined four evolution paths of the biofuel sector using a partial equilibrium world agricultural sector model in CARD that includes the new RFS in the 2007 EISA, a two-way relationship between fossil energy and biofuel markets, and a new trend toward corn oil extraction in ethanol plants. At one extreme, one scenario eliminates all support to the biofuel sector when the energy price is low, while the other extreme assumes no distribution bottleneck in ethanol demand growth when the energy price is high. The third scenario considers a pure market force driving ethanol demand growth because of the high energy price, while the last is a policy-induced shock with removal of the biofuel tax credit when the energy price is high. Standard results hold where... |
| Tipo: Journal Article |
Palavras-chave: Biofuel; EISA; Ethanol; Tax credit; World agricultural sector model; Agribusiness; Consumer/Household Economics; Crop Production/Industries; Demand and Price Analysis; International Relations/Trade; Livestock Production/Industries; Political Economy; Production Economics; Resource /Energy Economics and Policy; Q13; Q18; Q38. |
| Ano: 2009 |
URL: http://purl.umn.edu/53093 |
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| Hayes, Dermot J.; Babcock, Bruce A.; Fabiosa, Jacinto F.; Tokgoz, Simla; Elobeid, Amani E.; Yu, Tun-Hsiang (Edward); Dong, Fengxia; Hart, Chad E.; Chavez, Eddie C.; Pan, Suwen; Carriquiry, Miguel A.; Dumortier, Jerome. |
| We examine four scenarios for the evolution of the biofuel sector using a partial equilibrium model of the world agricultural sector. The model includes the new Renewable Fuels Standard in the 2007 energy act, the two-way relationship between fossil energy and biofuel markets, and a new trend toward corn oil extraction in ethanol plants. At one extreme, one scenario eliminates all support to the biofuel sector when the energy price is low, while the other extreme assumes no distribution bottleneck in ethanol demand growth when the energy price is high. Of the remaining two scenarios, one considers a pure market force driving ethanol demand growth because of the high energy price while the other is a policy-induced shock with removal of the biofuel tax... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Biofuels; EISA; Ethanol; Tax credit; World agricultural sector model.; Agricultural and Food Policy. |
| Ano: 2009 |
URL: http://purl.umn.edu/48597 |
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| Binfield, Julian C.R.; Donnellan, Trevor; Hanrahan, Kevin F.; Hart, Chad E.; Westhoff, Patrick C.. |
| In 2003 an agreement was finalized to instigate arguably the most significant reform of the European Union's (EU) Common Agricultural Policy (CAP) since its inception. In the Luxembourg Agreement many of the direct payments that have been linked to production are decoupled and instead provided in the form of a land-based payment. The reforms did not include any significant changes to either EU border support or the ability of the EU to utilize export subsidies that have been widely criticized by other nations. Even though the reforms do not directly address trade in agricultural products it is argued that World Trade Organization (WTO) concerns played a significant role in the designs of the reforms. In this paper an analysis of the Luxembourg reforms and... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Relations/Trade. |
| Ano: 2004 |
URL: http://purl.umn.edu/20020 |
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| Hart, Chad E.; Smith, Darnell B.. |
| This study estimates average per acre indemnity payments for Iowa corn for traditional multiple-peril crop insurance and two new revenue insurance products, Crop Revenue Coverage and Income Protection. Yield and price difference distributions are formed and employed in 1,000 simulation runs. From these simulations, corn yields for all 99 Iowa countries and futures prices are collected. These are used to calculate per acre indemnities under the three insurance products. Income Protection has the smallest per acre indemnities across the state, followed by multiple-peril and Crop Revenue Coverage. Per acre indemnities are the lowest in northwest Iowa and highest in southeast Iowa. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Crop Production/Industries. |
| Ano: 1996 |
URL: http://purl.umn.edu/18326 |
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| Babcock, Bruce A.; Hart, Chad E.. |
| The United States Congress is currently devising the next farm bill. One of the many factors influencing the debate is the effect of trade agreements into which the United States has entered. Under the World Trade Organization's Agreement on Agriculture, government spending on trade-distorting agricultural policies (referred to as "amber box" policies) has been limited. However, if the policy is considered non-trade-distorting ("green box"), then spending on such a policy is not constrained under the agreement. We explore the possible construction of a green box policy that is countercyclical to factors related to agriculture. The policy is based on our interpretation of the green-box requirements; other interpretations are possible. The policy we... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 2001 |
URL: http://purl.umn.edu/18309 |
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| Hart, Chad E.; Babcock, Bruce A.. |
| Demand is growing for counter-cyclical farm program payments. One proposal, Supplemental Income Payments for Producers (SIPP), would pay farmers when national farm revenue falls below a certain percentage of average national farm revenue for a crop within a year. The cost of this policy at the 95 percent payment trigger level would have averaged $1.47 billion per year had it been in place from 1977 to 1999. Corn farmers would have received 40 percent of payments, soybean farmers 20 percent, wheat farmers 23 percent, cotton farmers 7 percent, and rice farmers 3 percent. One problem with a national revenue approach is that farmers in a particular state or region could suffer yield losses but still not receive a payment. An alternative policy that addresses... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 2000 |
URL: http://purl.umn.edu/18320 |
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| Babcock, Bruce A.; Hart, Chad E.; Hayes, Dermot J.. |
| Increased crop insurance subsidies have increased the demand for insurance at coverage levels higher than the traditional level of 65 percent. Premium rates for higher levels of yield insurance under the Federal Actual Production History (APH) program equal the premium rate at the 65 percent coverage level multiplied by a rate relativity factor that varies by coverage level but not by crop or region. In this paper, we examine the consistency of these constant rate relativity factors with the laws of probability by determining the maximum 65 percent premium rate that is consistent with a well-defined yield distribution. We find that more than 50 percent of U.S. counties have premium rates for corn, soybeans, and wheat that are not consistent with the laws... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2002 |
URL: http://purl.umn.edu/18345 |
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| Hart, Chad E.; Babcock, Bruce A.. |
| This paper provides a one-year forward-looking analysis of a revenue countercyclical farm program. The basis for the revenue countercyclical farm program originates from the National Corn Growers Association's (NCGA) farm bill proposal. We explore several options under this program. The options consist of various crop loan rate levels for corn and soybeans. The amount and distribution of payments to producers under the various NCGA options and the Agricultural Act of 2001 (House Resolution 2646) are examined and compared against expected payments under the current array of farm programs. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 2001 |
URL: http://purl.umn.edu/18300 |
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| Hart, Chad E.; Smith, Darnell B.. |
| This study estimates the government costs of federal crop insurance under the framework of the Crop Insurance Reform Act of 1994. The history of federal crop insurance is outlined to examine how MPCI has evolved. The 1994 Act addressed two of the major problems of MPCI: low participation and additional disaster assistance. Total government costs for the FCIC and MPCI are estimated to be more than $2 billion, on average, from 1996 to 2003, with half of this amount being in the form of premium subsidies paid by the government. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Risk and Uncertainty. |
| Ano: 1996 |
URL: http://purl.umn.edu/18504 |
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| Xu, Feng; Hart, Chad E.; Smith, Darnell B.; Meyers, William H.. |
| This study estimates the government cost of revenue assurance, one of the many proposals for the 1995 Farm Bill. Under the assumptions of nonnegativity and normality of revenue, a formula for computing the government cost of revenue assurance is derived. This formula is employed to estimate per acre revenue assurance costs at the 70, 75, and 80 percent levels of expected revenue coverage. These costs are compared with results from previous studies and with crop insurance premiums. The relative impacts of changes in yield mean, yield standard deviation, and price-yield correlation are also explored through metamodel analysis. The costs estimated for revenue assurance show that this program would result in substantial budget savings over the current program. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Risk and Uncertainty. |
| Ano: 1995 |
URL: http://purl.umn.edu/18560 |
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| Registros recuperados: 56 | |
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