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| Registros recuperados: 22 | |
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| Paulson, Nicholas D.; Schnitkey, Gary D.. |
| The 2008 Farm Bill provided an option for receiving commodity program payments through existing programs or a new revenue-based alternative – the Average Crop Revenue Election (ACRE) program. ACRE is a state-level revenue program which, if elected, replaces the price-based countercyclical program. Enrollment requires the forfeiture of 20 percent of a producer’s direct payments and reduces loan rates by 30 percent. This article provides estimates of long-term expected ACRE payments for corn, soybean, and wheat acres across a variety of states. Within the cornbelt, expected ACRE payments are similar across regions for each of the crops considered, and will likely exceed the required reduction in direct payments. Outside of the cornbelt, expected ACRE... |
| Tipo: Journal Article |
Palavras-chave: Farm Management; Production Economics. |
| Ano: 2010 |
URL: http://purl.umn.edu/96411 |
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| Paulson, Nicholas D.; Babcock, Bruce A.. |
| The successful expansion of the U.S. crop insurance program has not eliminated ad hoc disaster assistance. An alternative currently being explored by members of Congress and others in preparation of the 2007 farm bill is to simply remove the ad hoc part of disaster assistance programs by creating a standing program that would automatically funnel aid to hard-hit regions and crops. One form such a program could take can be found in the area yield and area revenue insurance programs currently offered by the U.S. crop insurance program. The Group Risk Plan (GRP) and Group Risk Income Protection (GRIP) programs automatically trigger payments when county yields or revenues, respectively, fall below a producer-elected coverage level. The per-acre taxpayer... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural and Food Policy; Risk and Uncertainty. |
| Ano: 2007 |
URL: http://purl.umn.edu/9842 |
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| Paulson, Nicholas D.; Babcock, Bruce A.. |
| The production literature has shown that inputs such as fertilizer can be defined as risk-increasing. However, farmers also consistently overapply nitrogen. A model of optimal input use under uncertainty is used to address this paradox. Using experimental data, a stochastic production relationship between yield and soil nitrate is estimated. Numerical results show that input uncertainty may cause farmers to overapply nitrogen. Survey data suggest that farmers are risk averse, but prefer small chances of high yields compared to small chances of crop failures when expected yields are equivalent. Furthermore, yield risk and yield variability are not equivalent. |
| Tipo: Journal Article |
Palavras-chave: Corn; Nitrogen fertilizer; Risk-increasing; Yield risk; Crop Production/Industries. |
| Ano: 2010 |
URL: http://purl.umn.edu/97853 |
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| Paulson, Nicholas D.; Babcock, Bruce A.. |
| The increase in vertical integration in agriculture has been motivated by many factors including the evolving demand of consumers as well as factors specific to agricultural markets (i.e. production and price uncertainty and farm policy). The literature on agricultural contracts has focused more on contracting in the livestock sector relative to crop production under contract, most likely due to the fact that contracting in livestock production has been historically more prevalent. However, crop production under contract has also realized extensive growth, especially in the markets for crops with specialty traits. This paper provides a theoretical model of a contracting relationship between a risk-neutral monopsonistic processor of a specialty crop and... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
| Ano: 2007 |
URL: http://purl.umn.edu/9856 |
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| Paulson, Nicholas D.; Ginder, Roger G.. |
| The biodiesel industry in the United States has realized significant growth over the past decade through large increases in annual production and production capacity and a transition from smaller batch plants to larger-scale continuous producers. The larger, continuous-flow plants provide operating cost advantages over the smaller batch plants through their ability to capture co-products and reuse certain components in the production process. This paper uses a simple capital budgeting model developed by the authors along with production data supplied by industry sources to estimate production costs, return-on-investment levels, and break-even conditions for two common plant sizes (30 and 60 million gallon annual capacities) over a range of biodiesel and... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Biodiesel; Biofuels; Feedstock; Production costs; Return on investment; Resource /Energy Economics and Policy. |
| Ano: 2007 |
URL: http://purl.umn.edu/10006 |
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| Registros recuperados: 22 | |
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