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Registros recuperados: 65
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POTENTIAL IMPACTS OF CHANGES TO GOVERNMENT PAYMENT LIMITS FOR MISSISSIPPI FARMS AgEcon
Miller, J. Corey; Coble, Keith H.; Vergara, Oscar; Broyles, Meredith E..
This paper examines the issue of government payment limits and how changes to these limits could impact program crops producers in Mississippi. Economic factors affecting the incidence of payment limits on various program crops are also discussed. The latest proposed change to payment limits, bill S. 667, is evaluated in contrast to the provisions of the current farm bill. Data from other states are also examined in order to obtain a better understanding of the regional differences in the application of payment limits.
Tipo: Working or Discussion Paper Palavras-chave: Farm Management.
Ano: 2003 URL: http://purl.umn.edu/15797
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Are Our Agricultural Risk Management Tools Adequate for a New Era? AgEcon
Barnett, Barry J.; Coble, Keith H..
Tipo: Journal Article Palavras-chave: Risk; Commodity programs; Insurance; Agricultural Finance; Risk and Uncertainty; D80; G11; Q18.
Ano: 2008 URL: http://purl.umn.edu/94700
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Impacts of the SURE Standing Disaster Assistance Program on Producer Risk Management and Crop Insurance Programs AgEcon
Anderson, John D.; Barnett, Barry J.; Coble, Keith H..
This research investigates the potential effects of the row crop provisions of the standing disaster assistance program (SURE) in the 2008 Farm Bill. Results suggest little impact on producer crop insurance purchase decisions, though the program does seem to provide an incentive for mid-level coverage. Payments under the program should be expected to differ considerably across geographic regions and levels of diversification, with the program providing the greatest benefit to undiversified producers in more risky production regions.
Tipo: Conference Paper or Presentation Palavras-chave: Crop insurance; Disaster assistance; Farm Bill; SURE; Agricultural and Food Policy; Farm Management; Risk and Uncertainty; Q12; Q18.
Ano: 2009 URL: http://purl.umn.edu/49304
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An International Comparison of the Effects of Government Agricultural Support on Food Budget Shares AgEcon
Miller, J. Corey; Coble, Keith H..
This study evaluates econometrically the effect of government support to agriculture on a measure of the affordability of food in 10 Organization for Economic Cooperation and Development (OECD) countries. The panel model we construct specifically utilizes two values calculated by the OECD: Producer Support Estimates as a percentage of gross farm receipts and the Consumer Nominal Protection Coefficient. These two variables represent transfers from taxpayers to agricultural producers through government programs and transfers from consumers to government through protectionist measures, respectively. By using dummy variables, we find implications for groups of countries on the basis of their relative levels of support and protection.
Tipo: Journal Article Palavras-chave: Agricultural policy; Obesity; Agribusiness; Agricultural and Food Policy; Food Consumption/Nutrition/Food Safety; I18; Q18.
Ano: 2008 URL: http://purl.umn.edu/47196
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Customizable Area Whole Farm Insurance (CAWFI) AgEcon
Chalise, Lekhnath; Coble, Keith H.; Barnett, Barry J..
The customizable area whole farm insurance (CAWFI) was designed and compared with no insurance program and currently available whole farm insurance based on farm level yield (CFWFI). The CAWFI yields higher certainty equivalents over no insurance program, but lower to CFWFI; CAWFI has fairly small indemnity compared with CFWFI.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural and Food Policy; Crop Production/Industries; Production Economics; Risk and Uncertainty.
Ano: 2011 URL: http://purl.umn.edu/98900
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More than Mean Effects: Modeling the Effect of Climate on the Higher Order Moments of Crop Yields AgEcon
Tack, Jesse B.; Harri, Ardian; Coble, Keith H..
The objective of this article is to propose the use of moment functions and maximum entropy techniques as a flexible way to estimate conditional crop yield distributions. We present a moment based model that extends previous approaches in several dimensions, and can be easily estimated using standard econometric estimators. Upon identification of the yield moments under a variety of climate and irrigation regimes, we utilize maximum entropy techniques to analyze the distributional impacts from switching regimes. We consider the case of Arkansas, Mississippi, and Texas upland cotton to demonstrate how climate and irrigation affect the shape of the yield distribution, and compare our findings to other moment based approaches. We empirically illustrate...
Tipo: Presentation Palavras-chave: Risk; Climate change; Moments; Entropy; Yield; Cotton; Crop Production/Industries; Production Economics; Research Methods/ Statistical Methods; Risk and Uncertainty.
Ano: 2012 URL: http://purl.umn.edu/123330
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Agricultural Insurance as an Environmental Policy Tool AgEcon
Coble, Keith H.; Hanson, Terrill R.; Miller, J. Corey; Shaik, Saleem.
This paper examines the possibility that insurance for row crops, livestock, and aquaculture can be used effectively to encourage producers to adopt practices that will improve environmental behavior. Examples of agricultural environmental insurance are provided and considered in the context of alternative policy mechanisms. The current state of agricultural insurance and the nonagricultural environmental insurance market are explored. We also lay out the characteristics of an insurable risk along with the theoretical basis of insurance provision. An empirical example of an environmental insurance design is provided, and the behavioral implications of such a design are examined. Finally, we discuss important considerations that should be evaluated...
Tipo: Journal Article Palavras-chave: Environment; Insurance; Liability; D81; G22; H23; K13; Q18.
Ano: 2003 URL: http://purl.umn.edu/43214
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ACTUARIAL EFFECTS OF UNIT STRUCTURE IN THE U.S. ACTUAL PRODUCTION HISTORY CROP INSURANCE PROGRAM AgEcon
Knight, Thomas O.; Coble, Keith H..
This paper examines the effects of optional subdivision on APHP losses for wheat, corn, and soybeans. Thirty-seven state/crop programs are analyzed and the implications of the results are discussed in relation to newly developed crop and revenue insurance programs. The results illustrate the importance of incorporating actuarial experience into the premium rate structure and contract provisions of an insurance program.
Tipo: Journal Article Palavras-chave: Actual Production History Program (APHP); Crop insurance programs; Risk and Uncertainty.
Ano: 1999 URL: http://purl.umn.edu/15150
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MEASUREMENT OF PRICE RISK IN REVENUE INSURANCE: IMPLICATIONS OF DISTRIBUTIONAL ASSUMPTIONS AgEcon
Roberts, Matthew C.; Goodwin, Barry K.; Coble, Keith H..
A variety of crop revenue insurance programs is now available. These programs require measurement of price risk. This article investigates the appropriateness of distributional assumptions underlying current and proposed alternative actuarial methods. Our results find that prices are best modeled using a flexible mixture of normals distribution.
Tipo: Conference Paper or Presentation Palavras-chave: Demand and Price Analysis; Risk and Uncertainty.
Ano: 1998 URL: http://purl.umn.edu/20840
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UNDERSTANDING CROP INSURANCE PRINCIPLES: A PRIMER FOR FARM LEADERS AgEcon
Barnett, Barry J.; Coble, Keith H..
Federal policy-makers increasingly emphasize the Federal Crop Insurance Program as the primary federal risk management program for farmers. Farm leaders need to understand the underlying mechanics of insurance products if they are to effectively argue their interests and contribute constructively to future agricultural policy dialogue. Further they need to understand the unique circumstances created by the fact that the Federal Crop Insurance program functions as a public-private partnership between the U.S. government and private insurance companies. This manuscript describes both the fundamental features of insurance products and the political economy of the federal crop insurance program.
Tipo: Working or Discussion Paper Palavras-chave: Crop insurance; Revenue insurance; Insurability criteria; Risk and Uncertainty.
Ano: 1999 URL: http://purl.umn.edu/15784
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Crop Revenue and Yield Insurance Demand: A Subjective Probability Approach AgEcon
Shaik, Saleem; Coble, Keith H.; Knight, Thomas O.; Baquet, Alan E.; Patrick, George F..
A multinomial logit is utilized to model the choice of whether to purchase yield or revenue insurance using subjectively elicited survey data. Our results indicate that the demand for crop insurance is inelastic (-0.40), consistent with most earlier yield elasticity estimates, but the elasticity for choices between yield and revenue insurance is found to be relatively more elastic (-0.88).
Tipo: Journal Article Palavras-chave: Crop insurance; Elasticities; Multinomial logit model; Revenue demand; Subjective elicitation; Survey; Agribusiness; Crop Production/Industries; Demand and Price Analysis; Q18.
Ano: 2008 URL: http://purl.umn.edu/47256
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INVESTIGATING THE IMPLICATIONS OF MULTI-CROP REVENUE INSURANCE FOR PRODUCER RISK MANAGEMENT AgEcon
Miller, J. Corey; Coble, Keith H.; Barnett, Barry J..
This study investigates the potential for alternative multi-crop revenue insurance designs in comparison to single crop yield and revenue insurance designs. A non-parametric multi-crop insurance model is developed which subsumes the single crop designs. The results compare alternative designs in terms of rate levels and risk reduction gains for representative Mississippi producers.
Tipo: Working or Discussion Paper Palavras-chave: Crop insurance; Revenue insurance; Risk; Risk and Uncertainty.
Ano: 2000 URL: http://purl.umn.edu/15802
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The Evolution of Risk Management Education: An Evaluation of Past and Present Demand AgEcon
Garcia, Alexis Arthur B.; Belasco, Eric J.; Knight, Thomas O.; Coble, Keith H.; Mitchell, Paul D.; Rejesus, Roderick M..
Tipo: Conference Paper or Presentation Palavras-chave: Risk Management Education; Multivariate Ordered Probit; Production Economics; Risk and Uncertainty; Teaching/Communication/Extension/Profession.
Ano: 2010 URL: http://purl.umn.edu/61478
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UNDERSTANDING THE ECONOMIC FACTORS INFLUENCING FARM POLICY PREFERENCES AgEcon
Coble, Keith H.; Knight, Thomas O.; Patrick, George F.; Baquet, Alan E..
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural and Food Policy.
Ano: 2000 URL: http://purl.umn.edu/19578
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Risk Management Education: An Examination of Crop Producers' Participation in Recent Programs and of Their Desire for Additional Training AgEcon
Knight, Thomas O.; Coble, Keith H.; Patrick, George F.; Baquet, Alan E..
Risk management education has been a focus of U.S. farm policy since 1996. In support of significant ongoing United States Department of Agriculture (USDA) educational efforts, this study examines agricultural producers’ educational needs and interests. Data obtained through a survey of crop producers are used in probit models examining interest in additional training in five areas including forward contracting, futures and options, crop yield insurance, crop revenue insurance, and financial management. The study results should be useful in determining appropriate risk management education program content and in indentifying and tailoring to specific target audiences.
Tipo: Journal Article Palavras-chave: Commodity futures; Commodity options; Crop insurance; Forward contracting; Risk management; D81; D83; Q16.
Ano: 2003 URL: http://purl.umn.edu/43164
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Identifying Risk Factors Affecting Weather- and Disease-Related Losses in the U.S. Farm-Raised Catfish Industry AgEcon
Hanson, Terrill R.; Shaik, Saleem; Coble, Keith H.; Edwards, Seanicaa; Miller, J. Corey.
Two double-limit tobit models are used to identify significant risk factors that most affect farm-raised catfish losses from weather-related events and from disease outbreaks. Results of the weather loss model indicate that the variables for operator education level, number of ponds, pond water depth, production management strategy, past experience with severe losses from low oxygen levels from off-farm power outages, past experience with severe losses from diseases, and being in the South are statistically significant. Results of the disease loss model indicate that the variables for operator experience and pond water depth are significant. De-velopment of models explaining weather and disease losses through observable variables pro-vides a better...
Tipo: Journal Article Palavras-chave: Aquaculture; Tobit; Risk management; Columnaris; Enteric septicemia of catfish; Weather losses; Livestock Production/Industries; Risk and Uncertainty.
Ano: 2008 URL: http://purl.umn.edu/44736
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RISK MANAGEMENT IN U.S. COTTON PRODUCTION (PowerPoint Presentation) AgEcon
Coble, Keith H..
POWERPOINT PRESENTATION
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/33533
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Revenue Crop Insurance Demand AgEcon
Shaik, Saleem; Coble, Keith H.; Knight, Thomas O..
A two-stage simultaneous equation is utilized to model the choice of whether to purchase insurance and the choice of whether to purchase yield or revenue insurance using subjectively elicited survey data. Our results show an elasticity of demand for crop insurance that remains largely unchanged from earlier estimates (-0.40), but the elasticity for choices between yield and revenue insurance is found to be relatively more elastic (-0.76). Finally the link between adverse selection and the demand for insurance is examined.
Tipo: Conference Paper or Presentation Palavras-chave: Demand and Price Analysis.
Ano: 2005 URL: http://purl.umn.edu/19319
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AN ANALYSIS OF LENDERS' INFLUENCE ON AGRICULTURAL PRODUCERS' RISK MANAGEMENT DECISIONS AgEcon
Knight, Thomas O.; Lovell, Ashley C.; Rister, M. Edward; Coble, Keith H..
Agricultural lenders have a stake in and are in a position to influence their borrowers' management decisions. Risk management practice adoption is an area in which lenders might want to exercise this influence. This study employs logistic statistical models to estimate lenders' influence on crop producers' decisions regarding use of three alternative risk management practices: federal multiple-peril crop insurance, crop hail and fire insurance, and forward contracting. Results suggest lenders can exert significant influence on these decisions but that poor communication between lenders and borrowers likely reduces this influence.
Tipo: Journal Article Palavras-chave: Agricultural Finance; Risk and Uncertainty.
Ano: 1989 URL: http://purl.umn.edu/30092
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The Effect of Changing Government Subsidy Programs: An Analysis of Revenue at the Farm level AgEcon
Coble, Keith H.; Thomas, Sarah E.; Miller, J. Corey.
Producer revenue is simultaneously simulated for several hundred county-specific representative farms. The effects of current and alternative commodity programs are analyzed. In particular, two variations of revenue-triggered programs similar to plans proposed by the National Corn Growers Association are evaluated.
Tipo: Conference Paper or Presentation Palavras-chave: Risk; Commodity policy; Simulation; Agricultural and Food Policy; Risk and Uncertainty; Q180.
Ano: 2007 URL: http://purl.umn.edu/34931
Registros recuperados: 65
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