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| Registros recuperados: 11 | |
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| Briner, Simon; Finger, Robert. |
| Applying a bio-economic whole farm model we assess the impact of price and weather risk as well as different risk management strategies on the variability of the income in Swiss suckler cow production. We consider different on-farm risk management strategies such as the flexible adjustment of herd size, fodder composition and feed stocks, as well as an income insurance. Our results show that without any risk-management income variability is rather high, with coefficient of variation (CV) of income ranging from 26% to 31%. Taking on-farm risk management strategies into account it is possible to reduce income variability significantly (CV 12-15%), but causes only low reductions of mean income levels. Our results also indicate that income insurance is not... |
| Tipo: Presentation |
Palavras-chave: Weather risk; Bio-economic whole farm model; Suckler cow; Income insurance; Farm Management; Risk and Uncertainty; Q12; Q18. |
| Ano: 2012 |
URL: http://purl.umn.edu/122547 |
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| El Benni, Nadja; Finger, Robert; Mann, Stefan. |
| The study examines the effect of agricultural policy reforms on income variability of Swiss farmers. The observed heterogeneity in income risks across farms and time is explained with farm and regional characteristics. FADN data are used to construct coefficients of variation of total household income and gross revenues at farm-level over the period 1992-2009. Applying linear mixed effect models the effects of off-farm income, direct payments, farm size, specialisation and liquidity on gross revenue and household income variability in three different production regions are measured. The switch from market-based support to direct payments decreased the variability of farm revenues and household income. Off-farm income has a positive and farm size a negative... |
| Tipo: Presentation |
Palavras-chave: Income risk; Agricultural policy; Direct payments; Risk and Uncertainty; Q12; Q14; Q18. |
| Ano: 2012 |
URL: http://purl.umn.edu/122532 |
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| Finger, Robert. |
| The level of natural hedge, i.e. the (negative) correlation between price and yield levels, is an important determinant for farmers’ income risks and their demand for risk management instruments. The natural hedge is often approximated with correlations observed at more aggregated levels, e.g. the county level. This induces biases because the natural hedge at the farm-level is smaller than on more aggregated levels. In this paper, we put this idea one step forward and investigate the empirical relationship between price-yield correlations and the underlying crop acreage, using farm-level data for 5 crops in Switzerland. We find that, for instance, a 1% increase in area under maize and intensive barley leads to a change in the correlation by -0.02 and... |
| Tipo: Presentation |
Palavras-chave: Price-yield correlation; Aggregation bias; Crop insurance; Risk and Uncertainty; Q1; G2. |
| Ano: 2012 |
URL: http://purl.umn.edu/122538 |
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| El Benni, Nadja; Finger, Robert. |
| We analyse the development of income inequality in Swiss agriculture for the period 1990-2009. To this end, Gini coefficients are estimated using FADN data. Furthermore, we estimate concentration ratios and Gini elasticities for market income, direct payments and off-farm income. Our analysis is separated for the three production regions in Swiss agriculture: valley, hill and mountain regions. This study is motivated by the fact that Swiss agricultural policy reforms resulted in dramatic changes of the importance of different income sources in the here considered period. Our results show that household income inequality increased only slightly between 1990 and 2009. Furthermore, agricultural policy reforms affected the income inequality differently in the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural and Food Policy; Agricultural Finance. |
| Ano: 2011 |
URL: http://purl.umn.edu/114346 |
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| Finger, Robert. |
| Production and price risks affect optimal nitrogen use as well as the effects of nitrogen taxation if farmers’ risk aversion is taken into account. Our empirical analysis for Swiss maize production shows that risk-aversion leads to lower levels of nitrogen application, and nitrogen taxes lead to higher reductions of nitrogen use for risk-averse than for risk-neutral farmers. Moreover, risk-averse farmers face lower abatement costs. Sensitivity analyses, that consider expected shocks in price and yield variability in Swiss maize production, show that these differences between risk-averse and risk-neutral farmers will increase further. Thus, agricultural policies should consider farmers’ risk-preferences as well as potential increases in farmers’ income risks. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Crop Production/Industries; Risk and Uncertainty. |
| Ano: 2011 |
URL: http://purl.umn.edu/114356 |
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| Lehmann, Niklaus; Finger, Robert. |
| We investigate impacts of climate change (CC) and likely increases in price risks on income, income variability, utility and on adaptation responses in crop production in Western Switzerland. To this end, a bio-economic model is used that combines a crop growth model with an economic decision model non-parametrically using genetic algorithms. Our analysis focuses on the farm-level, which enables us to integrate a much wider set of potential adaptation responses in our analysis. The model is applied to four scenarios that represent likely changes in environmental conditions due to CC as well as increasing price risks due to market liberalization, and combinations thereof. It shows that CC has the larger influence on farm-level income and utility as well as... |
| Tipo: Presentation |
Palavras-chave: Genetic Algorithms; Agricultural Modeling; Climate Change; Price risks; Risk and Uncertainty; Q12. |
| Ano: 2012 |
URL: http://purl.umn.edu/122533 |
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| Finger, Robert; Lehmann, Niklaus. |
| We analyze determinants of hail insurance use of Swiss farmers, covering the period 1990-2009 using FADN panel data. Mixed effect logistic regression models are estimated to identify the most important farm and farmer characteristics that determine insurance use. In addition, information on local hail risk is taken into account in these models. It shows that larger farms, with specialization on crop production, and with larger local hail risks are more likely to adopt the hail insurance. Moreover, insurance users are usually older and better educated. Since the early 1990s, Swiss agricultural policy has reduced price support and introduced general and ecological direct payments. This has led to a much higher importance of direct payments for farmers’... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2011 |
URL: http://purl.umn.edu/114355 |
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| Registros recuperados: 11 | |
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