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| Registros recuperados: 13 | |
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| Makki, Shiva S.; Somwaru, Agapi. |
| In recent years, the crop insurance program has emerged as an important part of the U.S. farm policy. Farmers responded to the crop insurance program with increased participation nationwide. At issue is whether the rapid expansion of the program has worsened the asymmetric information problems in crop insurance markets. This paper investigates the presence of adverse selection in cotton insurance markets. Our results reject the conditional independence of the choice of insurance contracts and risk of loss, implying the presence of informational asymmetries between the insurer and insured in Texas cotton insurance markets. Results show that actual premium rates are significantly different from both pure and fair premium rates. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2002 |
URL: http://purl.umn.edu/19827 |
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| Makki, Shiva S.; Johnson, D. Demcey; Somwaru, Agapi. |
| The paper analyzes the role of counter-cyclical (CC) payments in stabilizing farm incomes and investigates whether the payments could affect farmers planting decisions. Our analysis, based on representative farmer approach, finds that CC payments provide a relatively modest enhancement to farm welfare. However, much depends on market price conditions, which change from year to year, and on base acreage (which is determined by planting history). The paper finds little evidence of interaction between revenue insurance and CC payments. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 2005 |
URL: http://purl.umn.edu/19508 |
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| Ahearn, Mary Clare; Collender, Robert N.; Diao, Xinshen; Harrington, David H.; Hoppe, Robert A.; Korb, Penelope J.; Makki, Shiva S.; Morehart, Mitchell J.; Roberts, Michael J.; Roe, Terry L.; Somwaru, Agapi; Vandeveer, Monte; Westcott, Paul C.; Young, C. Edwin. |
| The studies in this report analyze the effects of decoupled payments in the Federal Agriculture Improvement and Reform (FAIR) Act on recipient households, and assess land, labor, risk management, and capital market conditions that can lead to links between decoupled payments and production choices. Each study contributes a different perspective to understanding the response of U.S. farm households and production to decoupled income transfers. Some use new microdata on farm households collected through USDA's Agricultural Resource Management Survey (ARMS), initiated in 1996, and its predecessor survey. These data are used to compare household and producer behavior and outcomes before and after the FAIR Act. Other studies use applied or conceptual models to... |
| Tipo: Report |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 2004 |
URL: http://purl.umn.edu/33981 |
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| Makki, Shiva S.; Tweeten, Luther G.; Miranda, Mario J.. |
| This study assesses storage and trade of wheat in an integrated global economy. Domestic and international linkages are analyzed using a dynamic rational expectations model of the world wheat market. The results of this study demonstrate the importance of endogenizing both storage and trade in studying commodity markets. Results suggest an optimal US buffer stock level of 150 million bushel. Results indicate that past government stockholdings have not followed efficient market outcomes. Private markets likely would perform better in the absence of government market distortions. Results indicate that elimination of the Export Enhancement Program by the US and of export restitution payments by the EU is unlikely to have a major impact on wheat exports from... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Crop Production/Industries; International Relations/Trade. |
| Ano: 1995 |
URL: http://purl.umn.edu/51214 |
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| Makki, Shiva S.; Somwaru, Agapi; Bolling, H. Christine. |
| This paper analyzes the determinants of foreign direct investments by the U.S. food-processing industry in developed and developing countries. We find that market size, per-capita income, and trade openness significantly affect U.S. food-processing firms' decisions to invest abroad, but their influence differs between developed and developing countries. Economic development is positively associated with FDI in developing countries but negatively associated in developed countries. Market size is a major determinant of FDI only in developed economies. Trade openness seems to be important for sales by U.S. foreign affiliates in both developed and developing countries and for exports to developed country markets. |
| Tipo: Journal Article |
Palavras-chave: International Relations/Trade. |
| Ano: 2004 |
URL: http://purl.umn.edu/27558 |
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| Makki, Shiva S.; Somwaru, Agapi. |
| This report analyzes farmers' choice of crop insurance contracts and tests for the presence of asymmetric information in the market for multiple yield and revenue insurance products. Farmers' risk characteristics, their level of income, and the cost of insurance significantly affect their choices of yield and revenue insurance products as well as their selections of alternative coverage levels. Empirical analysis indicates that, in the presence of asymmetric information, high-risk farmers are more likely to select revenue insurance contracts and higher coverage levels. The results also indicate that premium rates do not accurately reflect the likelihood of losses, implying asymmetrical information in the crop insurance market. |
| Tipo: Report |
Palavras-chave: Asymmetric information; Adverse selection; Crop insurance; Revenue insurance; Risk management; Risk and Uncertainty. |
| Ano: 2001 |
URL: http://purl.umn.edu/33587 |
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| Makki, Shiva S.; Somwaru, Agapi; Bolling, H. Christine. |
| This paper analyzes the determinants of foreign direct investments by the U.S. food processing industry in developed and developing countries. We find that market size, per capita income, openness of the economy, inflation rate, and exchange rate significantly affect U.S. food processing firms' decisions to invest abroad, but their influence differs between developed and developing countries. Per capita income, which is an indicator of economic development, is positively associated with FDI in developing countries, but negatively associated with FDI in developed countries. Foreign affiliate sales and exports are generally found to be substitutes in developed countries and complements in developing countries. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Development. |
| Ano: 2003 |
URL: http://purl.umn.edu/22035 |
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| Registros recuperados: 13 | |
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