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Registros recuperados: 9
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Managing Crop Production Risk with Crop Index Insurance Products AgEcon
Deng, Xiaohui; Barnett, Barry J.; Yu, Yingzhuo; Hoogenboom, Gerrit.
Index crop insurance products can eliminate the asymmetric information problem inherent in farm-level multiple peril crop insurance. Purchasers of index insurance products are, however, exposed to basis risk. This study examines the feasibility of various index insurance products for corn farms in southern Georgia. Index insurance products considered are based on county yields, cooling degree days, and predicted yields from a crop simulation model.
Tipo: Conference Paper or Presentation Palavras-chave: Risk and Uncertainty.
Ano: 2005 URL: http://purl.umn.edu/35607
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Effect of Water Price on the Multicrop Production Decision: Appling Fixed Allocatable Input Model in Georgia AgEcon
Yu, Yingzhuo; Mullen, Jeffrey D.; Hoogenboom, Gerrit.
This study applies the fixed allocatable input model to test the effect of water price on the multiple production decision in Georgia, U.S. The limited dependent variable models are applied and intensive data are analyzed in this study to estimate the decision for crop choice, land allocation, product supply, and water demand functions at crop-level. In order to investigate the effect of water price on crop-level demand, the total water price effect on farm water demand is decomposed the intensive margin and extensive margin.
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/35479
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Farm-Level Risk Management Using Irrigation and Weather Derivatives AgEcon
Lin, Shanshan; Mullen, Jeffrey D.; Hoogenboom, Gerrit.
An agronomic crop growth model—the Decision Support System for Agro-Technology Transfer—and a constant relative risk aversion utility function are used to examine corn irrigation strategies in Mitchell County, Georgia. Precipitation contracts are designed to help farmers manage risk. Three conclusions originate from the findings. First, the optimal irrigation strategy can greatly increase producers’ certainty-equivalent revenue. Second, changes in water pricing policy would have a limited impact on the amount of water used. And third, across levels of risk preference, the precipitation contracts are not effective in increasing certainty-equivalent revenue or reducing cumulative water use.
Tipo: Journal Article Palavras-chave: Irrigation risk management; Water pricing policy; Weather derivative contract; Agribusiness; Environmental Economics and Policy; Farm Management; Food Consumption/Nutrition/Food Safety; D8; G22; Q15; Q25.
Ano: 2008 URL: http://purl.umn.edu/46986
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Spatial and Temporal On-Farm Risk Management - Crop Production Scheduling and Index Insurance Strategies AgEcon
Lin, Shanshan; Mullen, Jeffrey D.; Hoogenboom, Gerrit.
An agronomic crop growth model, Decision Support System for Agro-Technology Transfer (DSSAT), is used to find optimal crop management strategies for cotton production in Mitchell, Miller, and Lee Counties in Georgia during the past 10 years. Planting date and irrigation threshold are the two variables optimized to maximize farmer's expected utility. A decreasing absolute risk aversion - constant relative risk aversion (DARA-CRRA) utility function is used to examine crop management decision that can be influenced by changes in inter-temporal risk behavior. Comparison is made from management perspective - one is dynamic crop management strategy that varies each year; one is static (constant) strategy over 10 years. Based on the best crop management...
Tipo: Conference Paper or Presentation Palavras-chave: Irrigation; Planting Date; Risk Management; Weather Derivative Contract; Basis Risk; Agribusiness; Agricultural Finance; Crop Production/Industries; Farm Management; Financial Economics; Risk and Uncertainty.
Ano: 2009 URL: http://purl.umn.edu/49350
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Non-Parametric Analysis of ENSO Impacts on Yield Distributions: Implications for GRP Contract Design AgEcon
Nadolnyak, Denis A.; Novak, James L.; Vedenov, Dmitry V.; Paz, Joel O.; Fraisse, Clyde W.; Hoogenboom, Gerrit.
The paper reports preliminary results of non-parametric analysis of historical and crop model generated peanut yield series in the Southwest Georgia. The results suggest ENSO phase dependent differences in yield distributions that are similar for both the simulated and actual series. The differences are magnified in GRP insurance premiums.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/34858
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DECISION SUPPORT FOR FREEZE PROTECTION USING ARTIFICIAL NEURAL NETWORKS AgEcon
McLendon, Ronald W.; Hoogenboom, Gerrit.
Paper and PowerPoint Presentation
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries.
Ano: 2005 URL: http://purl.umn.edu/32863
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Valuation of Agricultural Weather Information Networks AgEcon
Al Hassan, Mohammed; Mullen, Jeffrey D.; Hoogenboom, Gerrit.
Tipo: Conference Paper or Presentation Palavras-chave: Weather Information; Networks; Irrigation; Crop Production/Industries; Farm Management; Production Economics; Resource /Energy Economics and Policy; Risk and Uncertainty.
Ano: 2010 URL: http://purl.umn.edu/60910
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Alternative Crop Insurance Indexes AgEcon
Deng, Xiaohui; Barnett, Barry J.; Hoogenboom, Gerrit; Yu, Yingzhuo; Garcia y Garcia, Axel.
Three index-based crop insurance contracts are evaluated for representative south Georgia corn farms. The insurance contracts considered are based on indexes of historical county yields, yields predicted from a cooling degree-day production model, and yields predicted from a crop-simulation model. For some of the representative farms, the predicted yield index contracts provide yield risk protection comparable to the contract based on historical county yields, especially at lower levels of risk aversion. The impact of constraints on index insurance choice variables is considered and important interactions among constrained, conditionally optimized, choice variables are analyzed.
Tipo: Journal Article Palavras-chave: Area yield insurance; Cooling degree days; DSSAT; Group risk plan; Agribusiness; Crop Production/Industries; G13; G22; Q12.
Ano: 2008 URL: http://purl.umn.edu/45521
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Evaluating the Efficiency of Crop Index Insurance Products AgEcon
Deng, Xiaohui; Barnett, Barry J.; Hoogenboom, Gerrit; Yu, Yingzhuo; Garcia, Axel.
Index crop insurance products can eliminate the asymmetric information problem inherent in farm-level multiple peril crop insurance. Purchasers of index insurance products are, however, exposed to basis risk. This study evaluates the efficiency of various index insurance products to reduce farm yield loss for representative corn farms in southern Georgia. Index insurance products considered are based on county yields, cooling degree days, and predicted yields from a crop simulation model.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries; Risk and Uncertainty.
Ano: 2006 URL: http://purl.umn.edu/35333
Registros recuperados: 9
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