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Registros recuperados: 147 | |
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Babcock, Bruce A.; Hart, Chad E.. |
The Agricultural Risk Protection Act greatly increased the expected marginal net benefit of farmers buying high-coverage crop insurance policies by coupling premium subsidies to coverage level. This policy change, combined with cross-sectional variations in expected marginal net benefits of high-coverage policies, is used to estimate the role that premium subsidies play in farmers' crop insurance decisions. We use county data for corn, soybeans, and wheat to estimate regression equations that are then used to obtain insight into two policy scenarios. We first estimate that eventual adoption of actuarially fair incremental premiums, combined with current coupled subsidies, would increase farmers' purchase of high-coverage policies by almost 400 percent... |
Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural Risk Protection Act; Crop insurance; Premium subsidies; Risk and Uncertainty. |
Ano: 2005 |
URL: http://purl.umn.edu/18494 |
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Babcock, Bruce A.; Beghin, John C.; Fuller, Frank H.; Mohanty, Samarendu; Fabiosa, Jacinto F.; Kaus, Phillip J.; Fang, Cheng; Hart, Chad E.; Matthey, Holger; de Cara, Stephane; Kovarik, Karen; Womack, Abner W.; Young, Robert E., II; Westhoff, Patrick C.; Trujillo, Joe; Brown, D. Scott; Adams, Gary M.; Willott, Brian; Madison, Daniel; Meyer, Seth D.; Kruse, John R.. |
Tipo: Report |
Palavras-chave: Crop Production/Industries; Livestock Production/Industries. |
Ano: 2001 |
URL: http://purl.umn.edu/32052 |
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Adams, Gary M.; Babcock, Bruce A.; Young, Robert E., II; Beghin, John C.; Westhoff, Patrick C.; Fuller, Frank H.; Brown, D. Scott; Fabiosa, Jacinto F.; Willott, Brian; Fang, Cheng; Madison, Daniel; Hart, Chad E.; Meyer, Seth D.; Matthey, Holger; Kruse, John R.; de Cara, Stephane. |
Tipo: Working or Discussion Paper |
Palavras-chave: Crop Production/Industries. |
Ano: 2001 |
URL: http://purl.umn.edu/18292 |
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Babcock, Bruce A.; Beghin, John C.; Duffy, Michael D.; Feng, Hongli; Hueth, Brent; Kling, Catherine L.; Kurkalova, Lyubov A.; Schneider, Uwe A.; Secchi, Silvia; Weninger, Quinn; Zhao, Jinhua. |
As Congress develops new farm legislation, some are lobbying for a new partnership between U.S. taxpayers and farmers. In exchange for an annual transfer of $10 to $20 billion from taxpayers to agriculture, farmers would do much more to enhance environmental quality. An attractive feature of a new partnership is that paying for an improved environment provides a clear and justifiable rationale for farm program payments, something that is lacking under current farm programs. By changing management practices and land use, farmers can provide cleaner water, cleaner air, better wildlife habitat, lower net greenhouse gas emissions, and improved long-run soil quality. Private profit maximizers largely ignore the value of these environmental goods. Hence, the... |
Tipo: Working or Discussion Paper |
Palavras-chave: Land Economics/Use; Resource /Energy Economics and Policy. |
Ano: 2001 |
URL: http://purl.umn.edu/36920 |
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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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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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Hennessy, David A.; Babcock, Bruce A.; Hayes, Dermot J.. |
The efficiency of redistribution of a government provided revenue insurance program is compared with the 1990 farm program. The results indicate the revenue insurance would be more efficient because it would provide subsidies when and only when revenue is low and marginal utility is high, and it works on the component of the objective function (revenue) that is of greatest relevance to producers. Simulation results indicate that a revenue insurance scheme that guarantees 75 percent of expected revenue to risk-averse producers could provide approximately the same level of benefits as the 1990 program, at as little as one-fourth the cost. |
Tipo: Working or Discussion Paper |
Palavras-chave: Risk and Uncertainty. |
Ano: 1997 |
URL: http://purl.umn.edu/18628 |
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Babcock, Bruce A.; Hart, Chad E.; Adams, Gary M.; Westhoff, Patrick C.. |
This paper presents a detailed report of the representative farm analysis (summarized in FAPRI Policy Working Paper #01-00). At the request of several members of the Committee on Agriculture, Nutrition, and Forestry of the U.S. Senate, we have continued to analyze the impacts of the Farmers' Risk Management Act of 1999 (S. 1666) and the Risk Management for the 21st Century Act (S. 1580). Earlier analysis reported in FAPRI Policy Working Paper #04-99 concentrated on the aggregate net farm income and government outlay impacts. The representative farm analysis is conducted for several types of farms, including both irrigated and non-irrigated cotton farms in Tom Green County, Texas; dryland wheat farms in Morton County, North Dakota and Sumner County, Kansas;... |
Tipo: Working or Discussion Paper |
Palavras-chave: Crop insurance; Farm analysis; Representative farm analysis; Revenue; Risk and Uncertainty. |
Ano: 2000 |
URL: http://purl.umn.edu/18389 |
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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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Babcock, Bruce A.; Pautsch, Gregory R.. |
This study develops a model based on the yield potential of various soil types in 12 Iowa counties to estimate the potential value of switching from uniform to variable fertilizer rates. Results indicate modest increases in the gross returns over fertilizer costs, ranging from $7.43 to $1.52 per acre. The net profitability of variable-rate technology (VRT) is sensitive to the per acre costs of moving to a VRT program. Under the assumptions of the model, applying variable rates would increase yield by 0.05 to 0.5 bushels per acre, and would reduce fertilizer costs by $1.19 to $6.83 per acre. |
Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
Ano: 1998 |
URL: http://purl.umn.edu/31195 |
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Registros recuperados: 147 | |
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