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Registros recuperados: 12
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New Market Realities Affect Crop Program Choices AgEcon
Dismukes, Robert; Young, C. Edwin.
Despite higher commodity prices, producers must still mitigate and manage risks.
Tipo: Article Palavras-chave: Agricultural and Food Policy; Marketing.
Ano: 2008 URL: http://purl.umn.edu/122580
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Portfolio Allocation and Alternative Structures of the Standard Reinsurance Agreement AgEcon
Vedenov, Dmitry V.; Miranda, Mario J.; Dismukes, Robert; Glauber, Joseph W..
This paper examines how insurance companies participating in delivery of crop insurance would change patterns of portfolio allocation across reinsurance funds in reaction to the 2005 Standard Reinsurance Agreement. The returns of insurance companies under the SRA are calculated using a simulation model. An heuristic allocation rule is introduced in order to imitate portfolio allocation strategies of participating companies. The main conclusion of the analysis is that the bulk of changes in portfolio allocations are likely to be caused by the introduction of "retained net book quota share" reinsurance rather than adjustments in the cession limits and retention requirements for the Assigned Risk Fund.
Tipo: Journal Article Palavras-chave: Crop insurance; Portfolio allocation strategies; Reinsurance funds; Standard Reinsurance Agreement; Risk and Uncertainty.
Ano: 2006 URL: http://purl.umn.edu/10145
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FARMERS' VEG RISK PERCEPTIONS AND ADOPTION OF VEG CROP INSURANCE AgEcon
Bard, Sharon K.; Stewart, Robert K.; Hill, Lowell D.; Hoffman, Linwood A.; Dismukes, Robert; Chambers, William.
Producer survey results are analyzed to determine factors influencing value-enhanced grain (VEG) risk perceptions and VEG crop insurance adoption. VEG production is perceived to be riskier than commodity production. VEG types, input costs, and production problems affect risk perceptions. Factors including previous insurance use impact VEG crop insurance adoption.
Tipo: Conference Paper or Presentation Palavras-chave: Risk and Uncertainty.
Ano: 2003 URL: http://purl.umn.edu/22203
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Economic Analysis of the Standard Reinsurance Agreement AgEcon
Vedenov, Dmitry V.; Miranda, Mario J.; Dismukes, Robert; Glauber, Joseph W..
The paper presents an economic analysis of the Standard Reinsurance Agreement (SRA), the contract that governs the relationship between the Federal Crop Insurance Corporation and the private insurance companies that deliver crop insurance products to farmers. The paper outlines provisions of the SRA and describes the modeling methodology behind the SRA simulator, a computer program developed to assist crop insurers and policymakers in assessing the economic impact of the Agreement. The simulator is then used to analyze how the SRA affects returns from underwriting crop insurance at various levels of aggregation.
Tipo: Conference Paper or Presentation Palavras-chave: Risk and Uncertainty.
Ano: 2004 URL: http://purl.umn.edu/20345
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Whole-Farm Approaches to a Safety Net AgEcon
Dismukes, Robert; Durst, Ron L..
In recent farm policy debates, proposals for a whole-farm revenue safety net program have been put forward that could provide a farm-income safety net for a wide variety of farming activities. These proposals include income- stabilization accounts and whole-farm revenue insurance. Risk protection from income-stabilization accounts would depend on the reserves in individual accounts and the structure of program benefits. Experience with farm savings accounts in Canada and Australia suggests that lack of adequate account balances and buildup of balances beyond the level required for risk management can reduce program effectiveness. Whole-farm revenue insurance could overcome these problems since coverage would not depend on the farmer's ability to build an...
Tipo: Report Palavras-chave: Agricultural and Food Policy; Risk and Uncertainty.
Ano: 2006 URL: http://purl.umn.edu/33893
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PARTICIPATION IN MULTIPLE-PERIL CROP INSURANCE: RISK ASSESSMENTS AND RISK PREFERENCES OF CRANBERRY GROWERS AgEcon
Dismukes, Robert; Allen, P. Geoffrey; Morzuch, Bernard J..
To investigate the poor participation rate of cranberry growers in the multiple-peril crop insurance program, a sample of 15 Massachusetts growers was interviewed. According to their risk preferences, a much greater proportion of growers should have insured, than actually did. A possible solution is to match the distribution used by the insurer closer to that believed by the grower. Adjusting each grower's historical yield series for trend brought the historical and subjective mean yields much closer. However, an aggregate test found the effect of adjustment to be insignificant, implying that the avenue for increased participation lies elsewhere.
Tipo: Journal Article Palavras-chave: Risk and Uncertainty.
Ano: 1989 URL: http://purl.umn.edu/28868
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Policy Implications of Crop Yield and Revenue Variability at Differing Levels of Disaggregation AgEcon
Coble, Keith H.; Dismukes, Robert; Thomas, Sarah E..
Revenue variability at different levels of aggregation has been the focus of several proposals to reform U.S. commodity programs with the 2007 farm bill. In this paper, we estimate revenue variability—year-to-year deviations from expected revenue—for corn, soybeans, and cotton at four levels of aggregation: national, state, county and farm. We examine the factors that cause revenue variability and how differences across crops and regions would affect producers’ risks. We find that national-level revenue variability is nearly double national-level yield variability. Spatial disaggregation increases price and yield variability, but yield variability increases more rapidly than price and revenue variability. A hypothetical national-level revenue...
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural and Food Policy.
Ano: 2007 URL: http://purl.umn.edu/9759
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Characteristics and Risk Management Needs of Limited-Resource and Socially Disadvantaged Farmers AgEcon
Dismukes, Robert; Harwood, Joy L.; Bentley, Susan E..
Small U.S. farms and those run by socially disadvantaged minority operators tend not to purchase insurance or to participate in insurance-type programs operated by USDA. This report traces the lack of use of such risk management measures to several characteristics of such farmers, who include females, blacks, American Indians, Asian/Pacific Islanders, and operators of Spanish origin. These farmers tend, more than the typical U.S. farm, to raise livestock rather than crops, and there are no government-sponsored insurance-type programs for livestock.
Tipo: Report Palavras-chave: Risk management; Crop insurance; Limited-resource farmers; Limited-opportunity farmers; Small farms; Socially disadvantaged farmers; Farm Management; Risk and Uncertainty.
Ano: 1997 URL: http://purl.umn.edu/33622
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Portfolio Allocation and Alternative Structures of the Standard Reinsurance Agreement AgEcon
Vedenov, Dmitry V.; Miranda, Mario J.; Dismukes, Robert; Glauber, Joseph W..
This paper analyzes effects of hypothetical changes in the Standard Reinsurance Agreement (SRA) on rates of return of private insurance companies participating in delivery of crop insurance. A computer simulation program is used to model companies'’ returns under the current and alternative SRA structures. A simple heuristic rule is used in order to simulate companies' behavior under counterfactual assumptions about the SRA structures.
Tipo: Conference Paper or Presentation Palavras-chave: Risk and Uncertainty.
Ano: 2004 URL: http://purl.umn.edu/20222
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An Economic Assessment of the 1999 Drought: Agricultural Impacts Are Severe Locally, but Limited Nationally AgEcon
Morehart, Mitchell J.; Gollehon, Noel R.; Dismukes, Robert; Breneman, Vincent E.; Heimlich, Ralph E..
While the 1999 drought has had severe financial impacts on agricultural producers in the drought regions, its impact on U.S. agricultural production has been limited. The drought will reduce commodity receipts relative to 1998 by an estimated $1.29 billion. Estimated farm net income losses, including expected yield losses, increases in expenses, and insurance indemnities, will total $1.35 billion, about 3 percent of expected 1999 U.S. net farm income. Drought impacts in areas of the Northeast designated as extreme and severe drought are expected to reduce farmers' net income by nearly $840 million. The regions affected, the crops grown in those regions, the increased use of irrigation, and crop insurance coverage limited the drought's impacts on...
Tipo: Report Palavras-chave: Agricultural Finance; Farm Management.
Ano: 1999 URL: http://purl.umn.edu/33655
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Risk Considerations in Supply Response: Implications for Counter-Cyclical Payments' Production Impact AgEcon
Lin, William W.; Dismukes, Robert.
This study investigates the role of risk in farmers' acreage decisions in the Northcentral region by revisiting an earlier study by Chavas and Holt and tests the null hypothesis regadring the effects of wealth and draw out implications for farmers' risk attitudes. Estimated model results are used to examine counter-cyclical payments' production impact for major field crops.
Tipo: Conference Paper or Presentation Palavras-chave: Risk; Supply response; Marketing loan programs; Counter-cyclical payments; Northcentral region; Corn; Soybeans; Wheat; Risk and Uncertainty.
Ano: 2005 URL: http://purl.umn.edu/19304
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RISK AND RISK MANAGEMENT IN ORGANIC AGRICULTURE: VIEW OF ORGANIC FARMERS AgEcon
Hanson, James C.; Dismukes, Robert; Chambers, William; Greene, Catherine R.; Kremen, Amy.
Tipo: Working or Discussion Paper Palavras-chave: Production Economics; Risk and Uncertainty.
Ano: 2003 URL: http://purl.umn.edu/28551
Registros recuperados: 12
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