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	Provedor de dados AgEcon (5) Autor Hennessy, David A. (5) Miao, Ruiqing (5) Babcock, Bruce A. (2) Feng, Hongli (2) Palavra-chave Crop Production/Industries (3) Risk and Uncertainty (3) Cellulosic biofuels (2) Investment (2) Land Economics/Use (2) Q18 (2) Resource /Energy Economics and Policy (2) Waivable mandate (2) Agricultural and Food Policy (1) Agro-environmental policy (1) Budget (1) Conservation reserve program (1) Crop failure (1) Crop insurance (1) Crop yields (1) D81 (1) Economic value (1) Environmental benefit index (1) Industrial Organization (1) Information (1) Mais... Tipo do documento Conference Paper or Presentation (3) Working or Discussion Paper (2) Ano 2011 (3) 2010 (2) País United States (5) Idioma Inglês (5)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 5 Primeira ... 1 ... Última Economic Value of Information: Wheat Protein Measurement AgEcon Miao, Ruiqing; Hennessy, David A.. In this paper we study U.S. wheat farmers’ willingness to pay for near infrared (NIR) sensor that can segregates wheat grains according to their protein concentration. We first develop a microeconomic optimization model of wheat farmers’ segregating and commingling decisions. Then we use U.S. wheat prices and stocks to estimate a wheat protein stock demand system. This allows us to establish the effects of changes in the protein profile of wheat stocks on protein premiums. The paper’s simulation section combines the results from the microeconomic optimization model and from the econometric estimations to simulate wheat farmers’ WTP for the sorting technology. Preliminary findings from the simulation show that a typical hard red winter (hard red spring)... Tipo: Conference Paper or Presentation Palavras-chave: Information; Economic value; Wheat; Protein; Market structure; Crop Production/Industries; Production Economics; Q12; Q16; D81. Ano: 2011 URL: http://purl.umn.edu/103974 Land Use Consequences of Crop Insurance Subsidies AgEcon Miao, Ruiqing; Feng, Hongli; Hennessy, David A.. There have long been concerns that federal crop insurance subsidies may significantly impact land use decisions. It is well known that classical insurance market information asymmetry problems can lead to a social excess of risky land entering crop production. Our conceptual model shows that the problem will arise absent any information failures. This is because the subsidy is i) proportional to acres planted, and ii) greatest for the most production risky land. Using farm-level data, we follow this observation through to establish the implications of subsidies for the extent of crop production, with particular emphasis on U.S. regions where the cropland growth is likely to have marked adverse environmental impacts. Simulation results show that when... Tipo: Working or Discussion Paper Palavras-chave: Crop insurance; Land use; Crop yields; Yield risk measurement; Agricultural and Food Policy; Crop Production/Industries; Land Economics/Use; Q15; Q18; Q24. Ano: 2011 URL: http://purl.umn.edu/103891 Investment in Cellulosic Biofuel Refineries: Do Renewable Identification Numbers Matter? AgEcon Miao, Ruiqing; Hennessy, David A.; Babcock, Bruce A.. A floor and trade policy in Renewable Identification Numbers (RINs) is the market mechanism by which U.S. biofuel consumption mandates are met. A conceptual model is developed to study the impact of RINs on stimulating investment in cellulosic biofuel refineries. In a two-period framework, we compare the first-period investment level (FIL) in three scenarios: (1) laissez-faire, (2) RINs under a nonwaivable mandate (NWM) policy, and (3) RINs under a waivable mandate (WM) policy. Results show that when firm-level marginal costs are constants, then RINs under WM policy do not stimulate FIL but they do increase the expected profit of more efficient investors. When firm-level marginal costs are not constants, however, RINs under WM policy stimulate FIL. RINs... Tipo: Working or Discussion Paper Palavras-chave: Cellulosic biofuels; Investment; Renewable Identification Numbers; Waivable mandate; Crop Production/Industries; Resource /Energy Economics and Policy; Risk and Uncertainty. Ano: 2010 URL: http://purl.umn.edu/94001 Land Retirement Program Design and Empirical Assessments In the Presence of Crop Insurance Subsidies AgEcon Hennessy, David A.; Miao, Ruiqing; Feng, Hongli. The U.S. Federal Government implements environmental, biofuels and crop insurance programs that influence land use. They are not well-integrated in that cost savings from crop insurance subsidies are not acknowledged when screening land for retirement or when calculating the cost of land retirement programs. We identify and evaluate an optimal benefit index for enrollment in a land retirement program that includes a sub-index to rank land according to insurance subsidy savings. All else equal, land ranked higher in the Lorenz stochastic order should be retired first. Empirical analysis based on field level data will be provided. Tipo: Conference Paper or Presentation Palavras-chave: Agro-environmental policy; Budget; Conservation reserve program; Crop failure; Environmental benefit index; Lorenz order; Land Economics/Use; Risk and Uncertainty; Q18; Q28. Ano: 2011 URL: http://purl.umn.edu/104002 Investment in Cellulosic Biofuel Refineries: Does the Waivable Mandate Matter? AgEcon Miao, Ruiqing; Babcock, Bruce A.; Hennessy, David A.. Renewable Fuel Standard (RFS) aims to support investment in cellulosic biofuel refineries by mandating a floor on the amount of biofuels being consumed in every calendar year. Tradable Renewable Identification Numbers (RINs) is the market mechanism by which the mandates are to be met. But the RFS allows for a waiver of the mandates. In this paper we construct a conceptual model to study the impact of RINs on stimulating investment in cellulosic biofuel refineries under a waivable mandate. In a two-period framework, we compare the first-period investment level in three scenarios: (1) laissez-faire, (2) non-waivable mandate implemented through RINs, and (3) waivable mandate implemented through RINs. We find that RINs associated with a waivable mandate may or... Tipo: Conference Paper or Presentation Palavras-chave: Cellulosic biofuels; Renewable identification numbers; Waivable mandate; Investment; Industrial Organization; Resource /Energy Economics and Policy; Risk and Uncertainty. Ano: 2010 URL: http://purl.umn.edu/61165 Registros recuperados: 5 Primeira ... 1 ... Última

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