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| Registros recuperados: 147 | |
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| Fuller, Frank H.; Beghin, John C.; Boland, Michael A.; Babcock, Bruce A.; Foster, William E.. |
| We assess the international competitiveness of the dairy industries in Argentina and Chile, combining recent market intelligence gathered from field visits with quantitative simulations of global policy reform scenarios. Both countries exhibit strong potential for export growth but face significant internal and external barriers to expanding their dairy industries. Global policy reforms would resolve some of the international obstacles to their expansion. Argentina has great potential, but it is handicapped by its current macroeconomic policies, trade policy distortions, and the uncertainty associated with policy implementation. Chile is more limited in terms of natural capacity for expansion, but it has a positive trade and investment environment. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Argentina; Agricultural trade policy; Chile; Comparative advantage; Competitiveness; Dairy processing; Exports; Milk production; Production Economics; International Relations/Trade. |
| Ano: 2006 |
URL: http://purl.umn.edu/18708 |
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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.; Fabiosa, Jacinto F.; Matthey, Holger; Isik, Murat; Tokgoz, Simla; Elobeid, Amani E.; Hart, Chad E.; Saak, Alexander E.; Fuller, Frank H.; Kovarik, Karen; Womack, Abner W.; Young, Robert E., II; Westhoff, Patrick C.; Brown, D. Scott; Willott, Brian; Madison, Daniel; Meyer, Seth D.; Kruse, John R.; Binfield, Julian C.R.. |
| Tipo: Report |
Palavras-chave: Crop Production/Industries; Livestock Production/Industries. |
| Ano: 2003 |
URL: http://purl.umn.edu/32053 |
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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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| Babcock, Bruce A.; Hayes, Dermot J.; Griffin, Steven C.. |
| Building on recent work by Mirand and Glauber (1997), this report shows that it is feasible to use exchange-based contracts as a substitute for the Standard Reinsurance Agreement (SRA). The contract we analyze here is a Group Revenue Contract, which would allow producers to guarantee against reductions in county-level revenues. The insurance company would then purchase put options on an exchange-based revenue contract to protect against statewide revenue shortfalls. The analysis suggests that this reinsurance tool would eliminate most though not all of the systemic risk associated with this product. The insurance company would have to purchase supplemental reinsurance to complement the exchange-based product, but the level of reinsurance needed would not... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Exchange-based revenue; Agricultural insurance; Reinsurance; Risk management; Risk and Uncertainty. |
| Ano: 1999 |
URL: http://purl.umn.edu/18408 |
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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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| Registros recuperados: 147 | |
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