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| Anton, Jesus; Giner, Celine. |
| This paper develops an analytical model able to represent the decisions of an individual risk averse farmer facing variability in both prices and yields. A comprehensive set of stylised risk reducing policy measures is represented. A calibration of the model is used to run Monte-Carlo simulations and to obtain optimal responses. The main focus is the interaction between policy measures and market strategies in terms of impacts on production, welfare and risk. Risk reducing strategies that cover different sources of risk, such as price and yield variability, may be complementary for the farmers. Counter-cyclical area payments create incentives to bring land into production and their capacity to reduce farming risk is mitigated by the potential crowding out... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Risk; Welfare; Policy; Insurance; Counter-cyclical; Agricultural and Food Policy; Risk and Uncertainty; D81; Q12. |
| Ano: 2005 |
URL: http://purl.umn.edu/24578 |
