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Registros recuperados: 122 | |
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Heidelbach, Olaf. |
Recent academic discussion regarding crop insurance in developing and transition countries has focused on weather index insurance. But empirical analyses of such schemes based on farm level data cannot be found in the literature, though this insurance type shows clear advantages compared to multiple-peril crop insurance and revenue insurance. Recent empirical applications of risk and stochastic programming models focus on the optimisation of production planning, while literature on the effects of crop insurance on the farm level mainly focuses on the empirical investigation of reductions in farm income variance. The novelty of this paper is that it integrates regionally-adapted insurance products and expert-evaluated technology choices into a programming... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Risk; Risk management; Insurance; Agriculture; Kazakhstan; Crop Production/Industries; Risk and Uncertainty; Q12; Q14; G22; D82. |
Ano: 2006 |
URL: http://purl.umn.edu/25243 |
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Goodwin, Barry K.. |
The U.S. government has been extensively involved in providing income support and risk management policies for U.S. farmers over the last 65 years. Risk management policies have included crop insurance, disaster relief, and in recent years, revenue insurance. Recent policy changes signaled an intention on the part of policy makers, at least in principle, to move U.S. agriculture toward the free market. Low commodity prices and localized droughts, however, have brought about renewed calls for direct income assistance. In this paper, we discuss the role of the government in providing policies to address income shortfalls and risk in agriculture. Problems and inconsistencies with policies are identified and discussed. Implications for international markets... |
Tipo: Journal Article |
Palavras-chave: Agriculture; Crop insurance; Government policy; Risk management; Agricultural and Food Policy; Risk and Uncertainty. |
Ano: 2000 |
URL: http://purl.umn.edu/14700 |
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Dillon, Carl R.. |
Production risk includes yield and days suitable for fieldwork variability. Both were modeled using biophysical simulation and a mean-variance, chance-constrained mathematical programming formulation representing a Kentucky corn, soybean, and wheat producer. While crop diversification, planting date, and maturity group can be used to reduce the types of risk considered, interaction between the two influences how production practices are used to manage risk. For the conditions studied, plant population alterations were less effective for risk reduction of either component. The study provides evidence of the importance of the consideration of both elements of production risk in whole farm planning. |
Tipo: Journal Article |
Palavras-chave: Days suitable for fieldwork; Mathematical programming; Risk management; Crop Production/Industries; Risk and Uncertainty. |
Ano: 1999 |
URL: http://purl.umn.edu/15382 |
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Charlier, Christophe; Valceschini, Egizio. |
In response to sanitary crisis, risk management has become a central issue for food producers and distributors in Europe. Organisational responses to sanitary risks usually implying traceability have been conceived by firms. One of the main tasks here is to deal with coordination of the different operators of a food chain. The European Union has developed a regulatory framework with the Regulation 178/2002. This regulation sets a mandatory traceability considered as a risk management tool. Traceability that was considered as a private initiative has therefore become an obligation with this regulation. This paper tries to evaluate if the problem of the operators coordination on specific traceability practices that any private organisational of a food chain... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Traceability; Risk management; Food safety; Agribusiness; Industrial Organization; I18; K32; Q18.. |
Ano: 2006 |
URL: http://purl.umn.edu/7718 |
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Steen, Marie. |
Information on price-quantity relationships will enable flower producers to reduce risk and raise profits through better timing of rotations as well as better utilization of limited greenhouse space. The present paper presents econometric evidence on such price-quantity relationships for major species of cut flowers at the Dutch flower auctions. Specifically, an inverse linear approximate almost ideal demand model with seasonal adjustments is applied. This paper is introducing trigonometric functions as a flexible and inexpensive alternative that outperforms standard seasonal dummies. Major findings are that all flexibilities (quantity elasticities) are strongly significant. Own price flexibilities are negative as expected. The own flexibilities vary... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Risk management; Cut flower production; Inverse linear AIDS; Seasonality; Trigonometric functions; Demand and Price Analysis; Q11; D12. |
Ano: 2006 |
URL: http://purl.umn.edu/25441 |
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Rejesus, Roderick M.; Knight, Thomas O.; Jaramillo, Mauricio; Coble, Keith H.; Patrick, George F.; Baquet, Alan E.. |
This article examines farmers’ preferences for various risk management information sources. Our results suggest that information from risk management experts, in-depth materials studied on their own, and popular press outlets tend to be preferred and are ranked highly by producers. Using a regression model to investigate farmer/farm attributes that affect preference for a particular risk management information source, we find that younger farmers with college education, higher leverage, assets greater than $1 million, risk-loving attitudes, and who have used professional services (marketing consultants) tend to prefer information from risk management experts, the Internet, and marketing clubs/other producers. On the other hand, producers who prefer... |
Tipo: Journal Article |
Palavras-chave: Crop insurance; Extension; Information sources; Outreach; Risk management; Risk and Uncertainty. |
Ano: 2008 |
URL: http://purl.umn.edu/44742 |
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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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Gunderson, Michael A.; Roucan, Maud; Boehlje, Michael; Gray, Allan W.. |
This teaching case focuses on the application of decision tools to assist managers making choices in an uncertain business climate. The case considers the difficult task of introducing a new product into the market. Under consideration is a sophisticated, surface-scanning technology that has applications in the food processing, food retail, and health industry sectors. Management of eMerge Interactive is faced with uncertainties in legislation, demand, and competitor response. The case can be used as part of a course in strategy and/or risk management where tools such as influence diagrams, scenario and payoff matrices, decision trees, and real options are introduced. |
Tipo: Journal Article |
Palavras-chave: Risk management; Influence diagrams; Payoff matrices; Decision trees; And real options; Marketing. |
Ano: 2006 |
URL: http://purl.umn.edu/8200 |
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Berg, Ernst; Starp, Michael. |
Recent and presumable future developments tend to increase the risk associated with farming activities. This causes an increasing importance of risk management. Farmers have a wide variety of possibilities to influence the risk exposure of their operations. Among them are the choice of the production program as well as marketing activities including forward pricing and hedging with futures and options. In total all these opportunities comprise a portfolio of activities which must be selected as to match the resources of the farm as well as the farmer's attitudes towards risk. The paper addresses this issue using a whole farm stochastic optimisation approach based on a risk-value framework. The paper starts with a discussion of risk-value models and the... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Downside risk; Risk management; Risk measure; Risk-value models; Stochastic optimisation; Risk and Uncertainty. |
Ano: 2006 |
URL: http://purl.umn.edu/25400 |
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Carriquiry, Miguel A.; Osgood, Daniel E.. |
Index insurance and probabilistic seasonal forecasts are becoming available in developing countries to help farmers manage climate risks in production. Although these tools are intimately related, work has not been done to formalize the connections between them. We investigate the relationship between the risk management tools through a model of input choice under uncertainty, forecasts, and insurance. While it is possible for forecasts to undermine insurance, we find that when contracts are appropriately designed, there are important synergies between forecasts, insurance, and effective input use. Used together, these tools overcome barriers preventing the use of imperfect information in production decision making. |
Tipo: Working or Discussion Paper |
Palavras-chave: Basis risk; Climate forecast; Index insurance; Input decisions; Insurance; Risk management; Farm Management; Risk and Uncertainty. |
Ano: 2008 |
URL: http://purl.umn.edu/6107 |
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Kloczko-Gajewska, Anna; Sulewski, Piotr. |
To answer the research question: what methods of protection against risk do Polish farmers use depending on the farm type, the sample was divided into clusters depending on farm characteristics. The results show that small farms use completely different risk management tools than medium and large farms, no matter what their main product is. There is also a significant difference between farms that have relatively large share of off-farm income and the remaining ones. Summing up, policy makers should prepare a diversified offer of risk management tools for farmers, depending on their needs. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Risk in agriculture; Risk management; Family farms. |
Ano: 2008 |
URL: http://purl.umn.edu/48109 |
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Morales, C.; Garrido, Alberto; Palinkas, Peter; Szekely, Csaba. |
This paper explores and analyzes farmers’ risk perceptions, risk management instruments’ demand and usage in five Member States (Hungary, Spain, the Netherlands, Germany and Poland). A survey completed by 1047 representative farmers of these EU Member Status collected information that allowed us to set apart two focus areas: the first looks at the declared importance of several sources of farms’ risk and income instability, and at the actual means that farmers pursue to manage and face them. The second area focuses on the demand for risk management instruments. The paper’s objective is to determine the factors that explain farmers’ responses in the first area, and based on those factors, analyse the demands for two instruments (insurance, and future &... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Risk; Risk management; Farmer’s perception.; Risk and Uncertainty. |
Ano: 2008 |
URL: http://purl.umn.edu/43956 |
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Pedersen, Michael Friis. |
Marketing of milk and meat in Denmark is dominated by two large cooperatives, Arla Foods in the dairy sector and Danish Crown in the pork sector. Members in these cooperatives practically have no possibility for price risk management on their main product. Futures markets for dairy and pork are not utilised, and it is suggested that the reason is prohibitively large basis risk. The events following the global financial crisis suggest increased need for price risk management in Danish agriculture. Since futures markets do not seem to be a viable solution, the paper explores an alternative. Reallocation of price risk among members in marketing cooperatives. Endowing members with a forward contracted share of delivery, and allowing for transfer at a market... |
Tipo: Presentation |
Palavras-chave: Futures; Hedging; Risk management; Marketing cooperatives; Agribusiness; Risk and Uncertainty; G13; G32; Q13; D61; D8. |
Ano: 2012 |
URL: http://purl.umn.edu/122529 |
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Registros recuperados: 122 | |
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