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| Registros recuperados: 12 | |
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| Carriquiry, Miguel A.; Babcock, Bruce A.. |
| New production technologies, consumers who are more discriminating, and the need for improved coordination are among the forces driving the move from spot markets to contracts. Some worry that this tendency will result in the disappearance of spot markets, or at least that they will become too thin to be of help for an efficient price discovery process. Other authors point to the reduction in welfare of independent producers resulting from contracting in oligopsonistic industries. While a large body of literature is available tackling the contract versus spot market decision, much less is known about the reasons that lead to procurement in both markets. This paper provides a simple model to study how fundamental economic factors influence the contracting... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Contract markets; Contracting in agriculture; Specialty grains; Spot markets; Yield risk; Marketing. |
| Ano: 2004 |
URL: http://purl.umn.edu/18634 |
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| Babcock, Bruce A.; Carriquiry, Miguel A.. |
| New production technologies, consumers who are more discriminating, and the need for improved coordination are among the forces driving the move from spot markets to contracts. Some worry that this tendency will result in the disappearance of spot markets, or at least that they will become too thin to be of help for an efficient price discovery process. Other authors point to the reduction in welfare of independent producers resulting from contracting in oligopsonistic industries. While a large body of literature is available tackling the contract versus spot market decision, much less is known about the reasons that lead to procurement in both markets. This paper provides a very simple model to study how fundamental economic factors influence the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Contracting in agriculture; Spot markets; Yield risk; Marketing. |
| Ano: 2002 |
URL: http://purl.umn.edu/18404 |
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| Kobus, Pawel. |
| The paper is dedicated to the relationship of data aggregation level and yield variability. For that purpose yields of the major crop plants in Poland are analysed i.e.: winter wheat, triticale, rye, barley, oat, mixed cereals, rape and sugar beet. The research are based on data from Polish FADN from years 2004 – 2009. The samples’ size ranged from 531 to 2893, depending on the plant crop. In the paper six levels of data aggregation are examined, that is: farm, district, powiat1, voivodship, region and country. It was found out that the degree of yield variability reduction (observed with data aggregation) is crop specific. Nevertheless, the relationship between aggregation level and yield variability can be approximated by the same formula for all of the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Yield risk; Aggregation level; Risk and Uncertainty. |
| Ano: 2011 |
URL: http://purl.umn.edu/114712 |
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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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| Woodard, Joshua D.; Garcia, Philip. |
| Previous studies identify limited potential efficacy of weather derivatives in hedging agricultural exposures. In contrast to earlier studies which investigate the problem at low levels of aggregation, we find using straight forward temperature contracts that better weather hedging opportunities exist at higher levels of spatial aggregation. Aggregating production exposures reduces idiosyncratic (i.e. localized or region specific) risk, leaving a greater proportion of the total risk in the form of systemic weather risk which can be effectively hedged using weather derivatives. The aggregation effect suggests that the potential for weather derivatives in agriculture may be greater than previously thought, particularly for aggregators of risk such as... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Weather derivatives; Spatial aggregation; Corn; Yield risk; Crop insurance; Hedging; Risk and Uncertainty. |
| Ano: 2007 |
URL: http://purl.umn.edu/9832 |
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| Yu, Tian; Babcock, Bruce A.. |
| Favorable weather conditions for dryland crop production, including a proper amount of heat and rainfall during the growing season, are critical factors determining yield outcomes. Weather conditions however, are randomly distributed across regions and over time, thus influencing the temporal and geographical patterns of measured crop yield. Failure to account for weather factors when estimating crop yield distributions, time trends or productivity gains can lead to spurious conclusions regarding technology improvement, yield risk and skewness of yield. This paper addresses some limitations in the literature that result from not taking into account weather, and proposes an approach to incorporate weather into modeling yield. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Corn yield; Distribution; Trend; Yield risk; Agricultural Finance. |
| Ano: 2010 |
URL: http://purl.umn.edu/60908 |
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| Visit Limsombunchai; Sanit Kao-ian. |
| Objectives of this study were to investigate the cost and return to farmers on their corn production classified by varieties in Tak Fa district, Nakhon Sawan province in 2009 crop year. Out of 122 farm samples, 75, 13, 19 and 15 farms were found using variety A, B, C and others, respectively. The results showed that most of the farms had a similar production pattern. In addition, it was found that variety B had the highest cost of production, average yield, revenue and net profit (3,667.3 Baht/Rai 1,112.9 Kg./Rai 4,218.0 Baht/Rai and 550.7 Baht/Rai, respectively). Furthermore, the results indicated that variety C had the lowest yield risk while variety B had the lowest price risk. The study suggested that variety A was appropriate for the risk adverse... |
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Palavras-chave: Corn seed; Return to farmers; Yield risk; Price risk; ข้าวโพดเลี้ยงสัตว์; การผลิต; ปัจจัยการผลิต; พันธุ์; เมล็ดพันธุ์; ต้นทุน; ผลตอบแทน; รายได้; กำไร; ผลผลิต; ราคา; ความเสี่ยง; จ.นครสวรรค์ อ.ตากฟ้า. |
| Ano: 2010 |
URL: http://anchan.lib.ku.ac.th/agnet/handle/001/4689 |
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| Registros recuperados: 12 | |
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