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| Registros recuperados: 34 | |
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| Rejesus, Roderick M.; Nelson, Carl H.. |
| This paper develops a theoretically consistent behavioral model of farmer decision-making that allows for analysis of the relative impacts of the determinants of SSI value. The model departs from previous literature by assuming that SSI reduces uncertainty, but not eliminate it. Results show that increasing the accuracy (or the "level of informativeness") of SSI, increasing initial wealth, improving management ability to reduce uncertainty in the posterior, and increasing the uncertainty in the prior, increases the value of SSI. Furthermore, mean input use is found to decrease, as SSI becomes more "informative." On the other hand, the value of SSI is found to be decreasing as relative risk aversion increases. These results have policy implications for... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management; Research Methods/ Statistical Methods. |
| Ano: 2000 |
URL: http://purl.umn.edu/21779 |
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| Rejesus, Roderick M.; Heisey, Paul W.; Smale, Melinda. |
| Sources of yield growth in wheat are investigated based on a stylized framework of technical change. Evidence suggests that the relative contribution of input intensification to yield growth has diminished in recent years and is likely to continue to decline in the future. One potential source of yield growth in wheat during the medium to long term is improved efficiency of input use, rather than input intensification, through sustainable wheat production practices rather than pure input increases. Other large gains could be made with continuous adoption of newer and better modern varieties based on advances in wheat breeding. Wide crossing and biotechnology could improve the stability of wheat yields in the intermediate term; their long-term impact on... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Crop Production/Industries. |
| Ano: 1999 |
URL: http://purl.umn.edu/7693 |
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| Mutuc, Maria Erlinda M.; Mohanty, Samarendu; Malaga, Jaime E.; Rejesus, Roderick M.. |
| In 1995, the Agreement on Textiles and Clothing (ATC) provided for the calculated liberalization of the textiles and apparel sectors over a 10-year period ending in 2005, except for some safeguard measures ending on December 31, 2008. These safeguard measures allowed for import restrictions by the U.S. on certain categories of cotton apparel from China. Using a 57-equation, annual econometric, price equilibrium simulation model of the U.S. cotton and cotton apparel markets, results point to lower cotton apparel prices in the U.S. by as much as $ 0.25 per kilogram while cotton prices decline by less than $ 0.01 per kilogram once these safeguards expire. In the baseline scenario, quotas are removed in 2009-2015 except for the safeguards. In the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Crop Production/Industries; International Relations/Trade. |
| Ano: 2008 |
URL: http://purl.umn.edu/6066 |
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| Velandia, Margarita M.; Rejesus, Roderick M.; Knight, Thomas O.; Sherrick, Bruce J.. |
| Factors affecting the adoption of crop insurance, forward contracting, and spreading sales are analyzed using multivariate and multinomial probit approaches that account for simultaneous adoption and/or correlation among the three risk management adoption decisions. Our empirical results suggest that the decision to adopt crop insurance, forward contracting, and/or spreading sales are correlated. Richer insights can be drawn from our multivariate and multinomial probit analysis than from separate, single-equation probit estimation that assumes independence of adoption decisions. Some factors significantly affecting the adoption of the risk management tools analyzed are proportion of owned acres, off-farm income, education, age, and level of business risks. |
| Tipo: Journal Article |
Palavras-chave: Adoption decisions; Crop insurance; Forward contracting; Multinomial probit; Multivariate probit; Risk management; Spreading sales; Agribusiness; Agricultural Finance; Crop Production/Industries; Demand and Price Analysis; Risk and Uncertainty; G22; Q12; Q18. |
| Ano: 2009 |
URL: http://purl.umn.edu/48751 |
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| Rejesus, Roderick M.. |
| This article examines the extent to which actual crop insurance indemnification behavior conforms to the theoretical predictions of two ex post moral hazard models costly state verification and costly state falsification. A nonparametric regression technique is used to estimate the crop insurance indemnification profile for non-irrigated cotton in Texas. The results suggest that indemnification behavior in crop insurance is more in line with the costly state falsification paradigm. Thus, crop insurers seem to indemnify based on the assumption that it is not easy to verify actual ex post loss magnitude and eliminate the asymmetric information held by the insured farmers. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2002 |
URL: http://purl.umn.edu/19650 |
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| Mutuc, Maria Erlinda M.; Pan, Suwen; Rejesus, Roderick M.. |
| A three-step estimation method and a Nonlinear Quadratic Almost Ideal Demand System (NQAIDS) are used to assess the vegetable demand behavior of rural and urban households in the Philippines. The results show that most of the expenditure and own-price elasticities of the vegetables analyzed are near or larger than unitary in both rural and urban areas. For majority of the vegetable commodities, there are no significant differences in the expenditure, own-price, and cross-price elasticities of urban households relative to rural households. Only demand for cabbage and tomatoes in the urban areas tend to be statistically different compared to rural areas. The demand behavior information gleaned from the analysis provides important insights that could help... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Community/Rural/Urban Development; Consumer/Household Economics. |
| Ano: 2006 |
URL: http://purl.umn.edu/35483 |
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| Rejesus, Roderick M.; Little, Bertis B.; Lovell, Ashley C.; Cross, Mike H.; Shucking, Michael. |
| This article analyzes anomalous patterns of agent, adjuster, and producer claim outcomes and determines the most likely pattern of collusion that is suggestive of fraud, waste, and abuse in the federal crop insurance program. Log-linear analysis of Poisson-distributed counts of anomalous entities is used to examine potential patterns of collusion. The most likely pattern of collusion present in the crop insurance program is where agents, adjusters, and producers nonrecursively interact with each other to coordinate their behavior. However, if a priori an intermediary is known to initiate and coordinate the collusion, a pattern where the producer acts as the intermediary is the most likely pattern of collusion evidenced in the data. These results have... |
| Tipo: Journal Article |
Palavras-chave: Abuse; Collusion; Crop insurance; Empirical analysis; Fraud; Waste; G22; Q12; Q18; Q19. |
| Ano: 2004 |
URL: http://purl.umn.edu/43393 |
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| Escalante, Cesar L.; Rejesus, Roderick M.. |
| Simulation-optimization techniques are employed to analyze changes in farmland control arrangements as a result of using different constructs of intertemporal risk behavior. Risk behavior based on constant absolute risk aversion (CARA) and constant relative risk aversion (CRRA) mean-standard deviation functions are used to achieve this objective. Specfically, a multi-period programming framework for a representative grain farm is developed to explore farmland control decisions under these two behavioral assumptions. Our results suggest that the use of a CRRA behavioral construct in analyzing farmland control decisions produce predictions that are more consistent with observed farm behavior. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management. |
| Ano: 2005 |
URL: http://purl.umn.edu/19113 |
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| Rejesus, Roderick M.; Knight, Thomas O.; Jaramillo, Mauricio; Coble, Keith H.; Patrick, George F.; Baquet, Alan E.. |
| This article examines farmers’ preferences for various risk management information sources. Our results suggest that information from risk management experts, in-depth materials studied on their own, and popular press outlets tend to be preferred and are ranked highly by producers. Using a regression model to investigate farmer/farm attributes that affect preference for a particular risk management information source, we find that younger farmers with college education, higher leverage, assets greater than $1 million, risk-loving attitudes, and who have used professional services (marketing consultants) tend to prefer information from risk management experts, the Internet, and marketing clubs/other producers. On the other hand, producers who prefer... |
| Tipo: Journal Article |
Palavras-chave: Crop insurance; Extension; Information sources; Outreach; Risk management; Risk and Uncertainty. |
| Ano: 2008 |
URL: http://purl.umn.edu/44742 |
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| Registros recuperados: 34 | |
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