Consulta: subjectFacets:"Negative exponential utility function"
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Data/hora: 17/06/2024 02:45:41

ACRE: A Revenue-Based Alternative to Price-Based Commodity Payment Programs
Provedor de dados: 31
Autores: Cooper,   Joseph C.
This paper develops a stochastic model for estimating the probability density function of the Average Crop Revenue Election (ACRE), a revenue-based commodity support payment that is offered under the 2008 Farm Act as an alternative to the traditional suite of price-based commodity payments, that is, marketing loan benefits and counter-cyclical payments.  We minimize the potential for miss-specification bias in the model by using nonparametric and semi-nonparametric approaches as specification checks in the model. Our simulation results show that adding ACRE revenue payments to gross revenue reduced the downside risk in revenue for corn, wheat, and soybean farmers in 2009 in the four locations examined, with reductions ranging from 4% to 25%.   Integrating...
Tipo: Conference Paper or Presentation
Palavras-chave: Domestic support; Average crop revenue election; Loan deficiency payments; Counter-cyclical payments; Revenue; Price; Corn; Yield; Pairs bootstrap; Kernel density; Semi-nonparametric; Combinatorial optimization; Negative exponential utility function; Agricultural and Food Policy; Demand and Price Analysis.
Ano: 2009
URL: http://purl.umn.edu/49180