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Registros recuperados: 34
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Fiscal and Farm Level Consequences of “Shallow Loss” Commodity Support AgEcon
Cooper, Joseph C.; Delbecq, Benoit A.; Davis, Christopher G..
As with the 2008 Farm Act, the 2012 Farm Act is likely to have some sort of revenue-based support for producers of qualifying crops. Much debate over the negotiations on the 2012 Farm Act focuses on new programs for providing producers with support payments covering “shallow losses” in revenue. The main goal of this paper is to develop an approach to examine the sensitivity of the farmer’s downside risk protection and federal budgetary costs of marginal changes in the deductible in shallow loss program scenarios based on the Average Risk Coverage (ARC) program in the Senate’s April 26th draft of the 2012 Farm Bill. We find that average payments are elastic with respect to the revenue program’s coverage rate. In addition, using this approach, the paper...
Tipo: Presentation Palavras-chave: Agricultural Finance; Public Economics.
Ano: 2012 URL: http://purl.umn.edu/124199
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A Revenue-Based Alternative to the Counter-Cyclical Payment Program AgEcon
Cooper, Joseph C..
This paper develops a stochastic model for comparing payments to U.S. corn producers of a revenue-based counter-cyclical payment (R-CCP) that is offered as an alternative in the 2007 House "Farm Bill" (H.R. 2419) to the current price-based CCP (P-CCP). We minimize the potential for miss-specification bias in the model by using nonparametric and semi-nonparametric approaches as specification checks in the model. Using this model, the paper examines the sensitivity of the density function for payments to changes in expected price levels. A mean-variance utility function approach is used to assess producer preferences for choice of CCP program alternative. The results show that as risk reduction instruments at the farm level, there appears to be little...
Tipo: Conference Paper or Presentation Palavras-chave: Domestic support; Counter-cyclical payments; Revenue; Price; Corn; Yield; Pairs bootstrap; Kernel density; Semi-nonparametric; Combinatorial optimization; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2008 URL: http://purl.umn.edu/6197
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A Joint Framework for Analysis of Agri-Environmental Payment Programs AgEcon
Cooper, Joseph C..
This paper presents an approach for simultaneously estimating farmers' decisions to accept incentive payments in return for adopting a bundle of environmentally benign management practices. Using the results of a multinomial probit analysis of surveys of over 1,000 farmers facing ten adoption decisions in an EQIP-type program, we show how the farmers' perceptions of the desirability of various bundles changes with the offer amounts and with which practices are offered in the program.
Tipo: Conference Paper or Presentation Palavras-chave: Incentive payments; EQIP; Simulated multivariate normal; Multinomial probit; Simulated maximum likelihood estimation; Best management practices; Environmental Economics and Policy.
Ano: 2001 URL: http://purl.umn.edu/20493
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Estimating the Costs of Revenue Deficiency Programs AgEcon
Cooper, Joseph C..
This paper develops an approach to empirically demonstrate how the within-season distribution of U.S. domestic commodity support for corn differs between current-style approaches of support and revenue-based support. From a purely economic standpoint, the results show the revenue-based payment scenarios to be preferable at the national level to the uncoordinated forms of support currently in use, even in a situation where the annual mean payments are set equal across the support scenarios. For revenue-based support, the variability around the total expected annual payment is lower, and perhaps more importantly, the probability of high payments is lower. These results suggest advantages to this type of support, both in terms of lower budgetary uncertainty –...
Tipo: Conference Paper or Presentation Palavras-chave: Domestic support; Marketing loan benefits; Counter-cyclical payments; Disaster assistance; Revenue support; Corn; Nonparametric; Semi-nonparametric; Bootstrap; Financial Economics.
Ano: 2007 URL: http://purl.umn.edu/9699
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Detecting Starting Point Bias in Dichotomous-Choice Contingent Valuation Surveys AgEcon
Alberini, Anna; Veronesi, Marcella; Cooper, Joseph C..
We examine starting point bias in CV surveys with dichotomous choice payment questions and follow-ups, and double-bounded models of the WTP responses. We wish to investigate (1) the seriousness of the biases for the location and scale parameters of WTP in the presence of starting point bias; (2) whether or not these biases depend on the distribution of WTP and on the bids used; and (3) how well a commonly used diagnostic for starting point bias—a test of the null that bid set dummies entered in the right-hand side of the WTP model are jointly equal to zero—performs under various circumstances. Because starting point bias cannot be separately identified in any reliable manner from biases caused by model specification, we use simulation approaches to address...
Tipo: Working or Discussion Paper Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2005 URL: http://purl.umn.edu/12230
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Economic Aspects of Revenue-Based Commodity Support AgEcon
Cooper, Joseph C..
Interest in revenue-based commodity support is evident in the Food, Conservation and Energy Act of 2008 (the 2008 Farm Bill), which gives eligible producers the option of participating in the Average Crop Revenue Election (ACRE) program in return for reductions and eliminations of payments under more traditional programs. This report examines how the uncertainty in U.S. domestic commodity support payments for corn may differ between traditional-style approaches (defined as price-based payments plus yield-based disaster payments) to support and two revenue-based support scenarios. Variability around the total expected annual payment was found to be lower under revenue-based support, as was the probability of high payments. These results suggest potential...
Tipo: Report Palavras-chave: Domestic commodity support; Revenue-based support; Marketing loan benefits; Countercyclical payments; Disaster assistance; Federal crop insurance; Agricultural and Food Policy; Crop Production/Industries; Demand and Price Analysis; Financial Economics.
Ano: 2009 URL: http://purl.umn.edu/55838
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Modeling Acreage Response and US Farm Policy In a New Market Environment AgEcon
Cooper, Joseph C.; Goodwin, Barry K.; Piggott, Nicholas E..
Replaced with revised version of poster 9/2/11.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural and Food Policy.
Ano: 2011 URL: http://purl.umn.edu/103679
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Acreage Decisions When Risk Preferences Vary AgEcon
Arnade, Carlos Anthony; Cooper, Joseph C..
This presentation summarizes an AAEA poster.
Tipo: Conference Paper or Presentation Palavras-chave: Risk preferences; Acreage decision; Soybeans; Corn; Wheat; Crop Production/Industries; Risk and Uncertainty.
Ano: 2010 URL: http://purl.umn.edu/61005
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Prediction of Loan Deficiency Payments AgEcon
Cooper, Joseph C.; Plato, Gerald E..
This paper develops a stochastic model for estimating potential loan deficiency payments to U.S. corn producers in a discrete-dynamic context. We minimize the potential for misspecification bias by using nonparametric and semi-nonparametric approaches as specification checks in the model. The model permits the forecast at planting time of the resulting empirical distribution of LDP payments for that crop year. Using this model, the paper examines the sensitivity of this distribution to changes in expected price levels.
Tipo: Conference Paper or Presentation Palavras-chave: Domestic support; Loan deficiency payments; Marketing loan benefits; Corn; Yield; Agricultural Finance.
Ano: 2007 URL: http://purl.umn.edu/9717
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ACRE: A Revenue-Based Alternative to Price-Based Commodity Payment Programs AgEcon
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
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Crop Insurance, Disaster Payments and Land Use Change: The Effect of Sodsaver on Incentives for Grassland Conversion AgEcon
Claassen, Roger; Cooper, Joseph C.; Carriazo, Fernando.
Subsidized crop insurance may encourage conversion of native grassland to cropland. The Sodsaver provision of the 2008 farm bill could deny crop insurance on converted land in the Prairie Pothole states for 5 years. Supplemental Revenue Assistance payments, which are linked to crop insurance purchases, could also be withheld. Using representative farms, we estimate that Sodsaver would reduce expected crop revenue by up to 8% and expected net return by up to 20%, while increasing the standard deviation of revenue by as much as 6% of market revenue. Analysis based on elasticities from the literature suggests that Sodsaver would reduce grassland conversion by 9% or less.
Tipo: Journal Article Palavras-chave: Bootstrap; Crop insurance; Grassland; Joint densities; Sodsaver; Supplemental Revenue Assistance; Agricultural and Food Policy; Production Economics; Risk and Uncertainty; Q2.
Ano: 2011 URL: http://purl.umn.edu/104623
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An Analysis of Demand Elasticities for Fluid Milk Products in the U.S. AgEcon
Davis, Christopher G.; Blayney, Donald P.; Cooper, Joseph C.; Yen, Steven T..
This study examines retail fluid milk products purchase data from Nielsen 2005 home scan data. The demand for seven categories of fluid milk products were estimated: whole milk, whole flavored milk, reduced fat milk, flavored reduced fat milk, buttermilk, canned milk and all other fluid milk products. Analyses of the purchases of seven fluid milk categories based on the Nielsen 2005 home scan retail data are used to determine the roles marital status, age, race, education, female employment status and location play in the empirical estimations of aggregate demand elasticities. To derive the demand elasticities, a censored translog demand system is used. The results reveal that price and income are the main determinants of demand for fluid milk products...
Tipo: Conference Paper or Presentation Palavras-chave: Nielsen home scan retail data; Milk demand; Elasticities; Fluid milk; Reduced fat milk; Whole milk; Flavored milk; Canned milk; Buttermilk; Non-linear AIDS; Censored translog demand system; Consumer/Household Economics; Demand and Price Analysis; C25; D12; Q11.
Ano: 2009 URL: http://purl.umn.edu/51791
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COMPARISON OF ENVIRONMENTAL QUALITY-INDUCED DEMAND SHIFTS USING TIME-SERIES AND CROSS-SECTION DATA AgEcon
Loomis, John B.; Cooper, Joseph C..
Almost all applications of the Travel-Cost-Method demand function which include site quality variable(s) are multisite models. The results of this study serve as a note of warning that using the demand equation derived from multisite cross-sectional data to perform a benefit-cost analysis of changes in quality at a single site may not accurately predict the resulting change in the number of trips to that site. In this situation, estimates of the benefits of quality improvements may be unreliable.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis; Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 1990 URL: http://purl.umn.edu/32508
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ENVIRONMENTAL EFFECTS OF AGRICULTURAL LAND-USE CHANGE: THE ROLE OF ECONOMICS AND POLICY AgEcon
Lubowski, Ruben N.; Bucholtz, Shawn; Claassen, Roger; Roberts, Michael J.; Cooper, Joseph C.; Gueorguieva, Anna; Johansson, Robert C..
This report examines evidence on the relationship between agricultural land-use changes, soil productivity, and indicators of environmental sensitivity. If cropland that shifts in and out of production is less productive and more environmentally sensitive than other cropland, policy-induced changes in land use could have production effects that are smaller-and environmental impacts that are greater-than anticipated. To illustrate this possibility, this report examines environmental outcomes stemming from landuse conversion caused by two agricultural programs that others have identified as potentially having important influences on land use and environmental quality: Federal crop insurance subsidies and the Conservation Reserve Program (CRP), the Nation's...
Tipo: Report Palavras-chave: Conservation Reserve Program (CRP); Crop insurance; Erosion; Extensive margin; Farm policy; Imperiled species; Land use; Land-use change; Land quality; Nutrient loss; Soil productivity; Environmental Economics and Policy; Land Economics/Use.
Ano: 2006 URL: http://purl.umn.edu/33591
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Benefits of Safer Drinking Water: The Value of Nitrate Reduction AgEcon
Crutchfield, Stephen R.; Cooper, Joseph C.; Hellerstein, Daniel.
Nitrates in drinking water, which may come from nitrogen fertilizers applied to crops, are a potential health risk. This report evaluates the potential benefits of reducing human exposure to nitrates in the drinking water supply. In a survey, respondents were asked a series of questions about their willingness to pay for a hypothetical water filter, which would reduce their risk of nitrate exposure. If nitrates in the respondent's drinking water were to exceed the EPA minimum safety standard, they would be willing to pay $45 to $60, per household, per month, to reduce nitrates in their drinking water to the minimum safety standard. There are 2.9 million households in the four regions studied (White River area of Indiana, Central Nebraska, Lower...
Tipo: Report Palavras-chave: Water quality; Drinking water; Nitrates; Benefits; Contingent valuation; Resource /Energy Economics and Policy.
Ano: 1997 URL: http://purl.umn.edu/34025
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Voluntary Incentives for Reducing Agricultural Nonpoint Source Water Pollution AgEcon
Feather, Peter; Cooper, Joseph C..
Agricultural chemicals and sediment from cropland may reduce the quality of America's surface and ground water resources. The Clean Water Act stipulates that individual States are responsible for controlling agricultural nonpoint source pollution. Most State plans rely chiefly on education and technical assistance to promote the adoption of less polluting practices. Because profitability drives production decisions, these programs tend to be most successful when they promote inexpensive changes in existing practices. This report presents research findings on the success of incentive programs to control agricultural nonpoint source pollution.
Tipo: Report Palavras-chave: Environmental Economics and Policy.
Ano: 1995 URL: http://purl.umn.edu/33619
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ENVIRONMENTAL RISK AND AGRI-ENVIRONMENTAL POLICY DESIGN AgEcon
Horan, Richard D.; Claassen, Roger; Cooper, Joseph C..
Agricultural nonpoint pollution is inherently stochastic (e.g., due to weather). In theory, this randomness has implications for the choice and design of policy instruments. However, very few empirical studies have modeled natural variability. This paper investigates the importance of stochastic processes for the choice and design of alternative nonpoint instruments. The findings suggest that not explicitly considering the stochastic processes in the analysis can produce significantly biased results.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural and Food Policy; Environmental Economics and Policy.
Ano: 2000 URL: http://purl.umn.edu/21827
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The Impact of Risk and Farm Program Design on Cash Rents AgEcon
Ifft, Jennifer; Cooper, Joseph C.; Kuethe, Todd H..
Tipo: Presentation Palavras-chave: Agricultural and Food Policy; Risk and Uncertainty.
Ano: 2012 URL: http://purl.umn.edu/124334
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Crop Insurance, Disaster Payments, and Incentives for Land Use Change in Agriculture: A Preliminary Assessment AgEcon
Carriazo, Fernando; Claassen, Roger; Cooper, Joseph C..
Tipo: Conference Paper or Presentation Palavras-chave: Crop Insurance; Disaster Payments; Supplemental Revenue Assistance; Corn; Wheat; Agricultural and Food Policy; Research Methods/ Statistical Methods; Risk and Uncertainty.
Ano: 2009 URL: http://purl.umn.edu/49218
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The Economics of Nested Insurance: The Case of SURE AgEcon
Cooper, Joseph C.; Sproul, Thomas W.; Zilberman, David.
Traditionally, disaster assistance was available on an ad hoc basis, but the 2008 Farm Act provides a standing disaster assistance program known as Supplemental Revenue Assistance (SURE). This paper introduces a theory of nested insurance to evaluate the impact on of SURE on intensification, acreage and adoption. The results suggest that parameters of a government program like SURE may enhance the adoption and value of crop insurance to the farm sector. A quantitative understanding of the interdependencies between programs like SURE and crop insurance, taking into account the nature of the ad hoc alternative, is important in assessing the welfare impacts on farmers, as well as insurance companies. Both our theory and simulation exercise suggest that...
Tipo: Conference Paper or Presentation Palavras-chave: Nested insurance; SURE; Crops; Adoption; Ad hoc; Disaster assistance; Crop Production/Industries; Risk and Uncertainty.
Ano: 2010 URL: http://purl.umn.edu/61579
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