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Is Area Yield Insurance Competitive with Farm Yield Insurance? AgEcon
Barnett, Barry J.; Black, J. Roy; Hu, Yingyao; Skees, Jerry R..
This article compares risk reduction from MPCI and GRP crop insurance contracts. The analysis extends and improves on the existing area-yield insurance literature in four important respects. First, the geographical scope greatly exceeds that of previous work. Second, unlike previous efforts, the area is not assumed to consist only of those farms included in the analysis. Third, the analysis is based on the actual GRP indemnity function rather than the area-yield indemnity function commonly used in the literature. Fourth, the analysis avoids the questionable assumption that GRP scale can be optimized at the individual farm level. Even with a number of conservative assumptions favoring MPCI relative to GRP, results indicate that at least for some crops and...
Tipo: Journal Article Palavras-chave: Area yield insurance; Multiple Peril Crop Insurance; Risk reduction; Risk and Uncertainty.
Ano: 2005 URL: http://purl.umn.edu/31216
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Late Planting Decisions with Crop Insurance: Decision Guidelines for Michigan Farmers in Spring 2011 AgEcon
Betz, Roger; Schweikhardt, David B.; Black, J. Roy; Hilker, James H..
Michigan has had unusually wet planting conditions in 2011, leading to substantial acreage that has not been planted at this late date. Farmers who purchased crop insurance have many options available to them. This paper addresses the major crop insurance decisions that farmers will face during the next 30 days.
Tipo: Working or Discussion Paper Palavras-chave: Crop insurance; Prevented planting; Risk management; Farm management; Corn returns; Soybean returns; Agricultural and Food Policy; Crop Production/Industries; Farm Management; Risk and Uncertainty.
Ano: 2011 URL: http://purl.umn.edu/108905
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ADJUSTED GROSS REVENUE PILOT INSURANCE PROGRAM: RATING PROCEDURE (REPORT PREPARED FOR THE RISK MANAGEMENT AGENCY BOARD OF DIRECTORS) AgEcon
Black, J. Roy.
The focus of this paper is on outlining the procedures used to estimate the premium rates for the Adjusted Gross Revenue (AGR) insurance plan. The AGR rating procedures draw substantially on rating procedures used in products currently reinsured and subsidized by Risk Management Agency/USDA (RMA); thus, the principal focus here is on those features that are a specific to AGR. The outline, briefly, the procedures used in rating existing products to set the stage for describing AGR rating procedures. The focus of AGR is on farms whose principal revenue streams are from NAP crops as contrasted to farms whose crops can be insured under a plan reinsured and subsidized by RMA; however, the procedures must recognize and take advantage of the fact that crops with...
Tipo: Working or Discussion Paper Palavras-chave: Risk and Uncertainty.
Ano: 2000 URL: http://purl.umn.edu/11721
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Michigan Production Costs for Tart Cherries by Production Region AgEcon
Black, J. Roy; Nugent, James; Rothwell, Nikki; Thornsbury, Suzanne; Olynk, Nicole J..
The weighted average cost of producing tart cherries in Michigan on a representative farm in 2009 is $0.36/lb. This cost was averaged across the three main production regions in Michigan and weighted by average per acre production for each region as published by the Michigan Agricultural Statistics Service. --Costs vary across the main production regions and by farm size. Costs are about $0.04/lb less for mid-sized farms in Northwest Michigan and $0.08/lb and $0.10/lb in West Central and Southwest Michigan, respectively. --This report was developed through interviews with tart cherry growers and other experts in each of the three main growing regions in 2005 and 2006. Many of the numbers were updated in 2009. --The cost of production calculation is based...
Tipo: Working or Discussion Paper Palavras-chave: Tart cherry; Costs; Production; Michigan; Agribusiness; Crop Production/Industries; Q100; Q120.
Ano: 2010 URL: http://purl.umn.edu/98205
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PRICING AND USE OF DROUGHT-STRESSED AND IMMATURE CORN AS SILAGE FOR DAIRY CATTLE AgEcon
Black, J. Roy; Schwab, Gerald; Bucholtz, Herb; Rust, Steven R..
No abstract available.
Tipo: Working or Discussion Paper Palavras-chave: Demand and Price Analysis.
Ano: 1996 URL: http://purl.umn.edu/11678
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PRICING AND USE OF DROUGHT-STRESSED AND IMMATURE CORN AS SILAGE FOR BEEF CATTLE AgEcon
Black, J. Roy; Schwab, Gerald; Rust, Steven R.; Buskirk, Dan.
No abstract available.
Tipo: Working or Discussion Paper Palavras-chave: Demand and Price Analysis.
Ano: 1996 URL: http://purl.umn.edu/11754
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2004 Business Analysis Summary Feeder Steers AgEcon
Black, J. Roy; Wittenberg, Eric.
This report summarizes the financial and production records of 8 Michigan feeder steer farms. To be included, the farms must have produced at least 50 percent of gross cash farm income from feeder steer sales. The records came from Michigan State University's TelFarm project and the Farm Credit Service system in Michigan. The values were pooled into averages for reporting purposes. Farm records were included if a farm financial summary was completed on 2004 data including beginning and ending balance sheets, plus income and expenses. The data were checked to verify that cash discrepancy was less than 10% of gross cash inflow and that debt discrepancy was less than $1,000. While considerable variation in the data exists, average values are reported in the...
Tipo: Working or Discussion Paper Palavras-chave: Livestock Production/Industries.
Ano: 2005 URL: http://purl.umn.edu/11815
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Getting More “Bang for the Buck”: Diversifying Subsidies Beyond Fertilizer and Policy Beyond Subsidies AgEcon
Burke, William J.; Jayne, Thomas S.; Black, J. Roy.
Input subsidies are the single greatest expenditure under poverty reduction programs in Zambia. Yet maize yields continue to fall well short of international standards. One major reason appears to be the yield limiting effects of acidity, which is highly common on Zambian soils. We suggest a diversification of the input subsidy scheme beyond fertilizer to include inputs that reduce acidity and raise the yield response to fertilizer application. We further discuss specific recommendations for diversifying productivity investments to put more emphasis on extension and agronomic research.
Tipo: Technical Report Palavras-chave: Food Security; Food Policy; Marketing; Agribusiness; Agricultural and Food Policy; Food Security and Poverty; Marketing.
Ano: 2012 URL: http://purl.umn.edu/123209
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Reduction of Yield and Income Risk Under Alternative Crop Insurance and Disaster Assistance Plans AgEcon
Carriker, Gordon L.; Williams, Jeffery R.; Barnaby, Glenn Arthur, Jr.; Black, J. Roy.
This study compares the effectiveness of five crop insurance/disaster assistance plans: an individual farm yield insurance plan similar to the current FCIC multi-peril program ; two area yield insurance plans; a farm yield disaster assistance plan; and an area yield disaster assistance plan. These methods are examined for reduction in yield and gross income variability with and without participation in the government deficiency payment programs using farm-level yield data from 98 dryland wheat farms and 38 dryland corn farms in Kansas . Although individual farm yield insurance is complex, suffers from moral hazard and adverse selection problems, and is likely to be the most expensive to administer , it provides more yield and gross income risk reduction...
Tipo: Working or Discussion Paper Palavras-chave: Crop Insurance; Crop Disaster Assistance; Risk; Wheat; Corn; Risk and Uncertainty.
Ano: 1990 URL: http://purl.umn.edu/118191
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YIELD AND INCOME RISK REDUCTION UNDER ALTERNATIVE CROP INSURANCE AND DISASTER ASSISTANCE DESIGNS AgEcon
Carriker, Gordon L.; Williams, Jeffery R.; Barnaby, Glenn Arthur, Jr.; Black, J. Roy.
This study compares the effectiveness of five crop insurance/disaster assistance plans: an individual farm-yield insurance plan similar to the current Federal Crop Insurance Corporation multiperil program, two area-yield insurance plans, a farm-yield disaster assistance plan, and an area-yield disaster assistance plan. These methods are examined for reduction in yield and gross income variability with and without participation in the government deficiency payment program using farm-level yield data from 98 dryland wheat farms and 38 dryland corn farms in Kansas. Although individual farm-yield insurance is complex, suffers from moral hazard and adverse selection problems, and is likely to be the most expensive to administer, it provides more yield and gross...
Tipo: Journal Article Palavras-chave: Risk and Uncertainty.
Ano: 1991 URL: http://purl.umn.edu/32588
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COST OF ONION PRODUCTION IN SOUTHERN MICHIGAN AgEcon
Dartt, Barbara; Black, J. Roy; Breinling, Jim; Morrone, Vicki.
This bulletin represents a tool that can help producers, consultants, educators, and agribusinesses working with producers estimate costs of production and expected profit based on "typical" onion management strategies found in Michigan. Because sorting and packing practices differ widely throughout the industry, this budget DOES NOT include the costs of sorting, packing and bagging. It represents the cost to produce onions up to their delivery to a packing facility. The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and profit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base.
Tipo: Working or Discussion Paper Palavras-chave: Crop Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/11764
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COST OF PROCESSING CARROT PRODUCTION IN WEST CENTRAL MICHIGAN AgEcon
Dartt, Barbara; Black, J. Roy; Breinling, Jim; Morrone, Vicki.
This bulletin represents a tool that can help producers, consultants, educators, and agribusinesses working with producers estimate costs of production and expected profit based on "typical" carrot management strategies found in west central Michigan. The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and profit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base.
Tipo: Working or Discussion Paper Palavras-chave: Crop Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/11687
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COST OF FRESH MARKET CELERY PRODUCTION IN SOUTHWESTERN MICHIGAN AgEcon
Dartt, Barbara; Black, J. Roy; Breinling, Jim; Morrone, Vicki.
This bulletin represents a tool that can help producers, consultants, educators, and agribusinesses working with producers estimate costs of production and expected profit based on "typical" celery management strategies found in southwestern Michigan. The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and profit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base.
Tipo: Working or Discussion Paper Palavras-chave: Crop Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/11777
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COST OF CABBAGE PRODUCTION IN MONROE COUNTY, MICHIGAN AgEcon
Dartt, Barbara; Black, J. Roy; Marks, Paul; Morrone, Vicki.
This bulletin represents a tool that can help producers, consultants, educators, and agribusinesses working with producers estimate costs of production and expected profit based on "typical" cabbage management strategies found in Monroe County, Michigan. The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and profit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base.
Tipo: Working or Discussion Paper Palavras-chave: Crop Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/11607
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COST OF FRESH MARKET SWEET CORN PRODUCTION IN MONROE COUNTY, MICHIGAN AgEcon
Dartt, Barbara; Black, J. Roy; Marks, Paul; Morrone, Vicki.
This bulletin represents a tool that can help producers, consultants, educators, and agribusinesses working with producers estimate costs of production and expected profit based on "typical" sweet corn management strategies found in Monroe County, Michigan. The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and profit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base.
Tipo: Working or Discussion Paper Palavras-chave: Crop Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/11647
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COST OF PROCESSING TOMATO PRODUCTION IN MONROE COUNTY, MICHIGAN AgEcon
Dartt, Barbara; Black, J. Roy; Marks, Paul; Morrone, Vicki.
This bulletin represents a tool that can help producers, consultants, educators, and agribusinesses working with producers estimate costs of production and expected profit based on "typical" tomato management strategies found in Monroe County, Michigan. The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and profit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base.
Tipo: Working or Discussion Paper Palavras-chave: Crop Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/11583
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COST OF CHIP POTATO PRODUCTION IN CENTRAL MICHIGAN AgEcon
Dartt, Barbara; Black, J. Roy; Smucker, Don.
This bulletin represents a tool that can help producers, consultants, educators, and agribusinesses working with producers estimate costs of production and expected profit based on "typical" chip potato production management strategies found in Montcalm County, Michigan. The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and profit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base.
Tipo: Working or Discussion Paper Palavras-chave: Crop Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/11765
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COST OF FRESH MARKET SWEET BELL PEPPER PRODUCTION IN MACOMB COUNTY, MICHIGAN AgEcon
Dartt, Barbara; Black, J. Roy; Stevens, Hannah; Morrone, Vicki.
This bulletin represents a tool that can help producers, consultants, educators, and agribusinesses working with producers estimate costs of production and expected profit based on "typical" sweet bell pepper management strategies found in Macomb County, Michigan. The tools and techniques these producers use do not vary substantially from typical practices found in other regions of the state. The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and profit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base.
Tipo: Working or Discussion Paper Palavras-chave: Crop Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/11698
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COST OF PUMPKIN PRODUCTION IN MACOMB COUNTY, MICHIGAN AgEcon
Dartt, Barbara; Black, J. Roy; Stevens, Hannah; Morrone, Vicki.
This bulletin represents a tool that can help producers, consultants, educators, and agribusinesses working with producers estimate costs of production and expected profit based on "typical" pumpkin management strategies found in Macomb County, Michigan. The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and procit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base.
Tipo: Working or Discussion Paper Palavras-chave: Crop Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/11688
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COST OF ASPARAGUS PRODUCTION IN WESTERN MICHIGAN AgEcon
Dartt, Barbara; Myers, Norm; Black, J. Roy; Bakker, John.
This bulletin was developed to help producers as well as educators and agribusinesses working with producers to estimate costs of production and expected profit based on "typical" asparagus management strategies found in northwestern Michigan. The budget included in this bulletin will allow users to revise inputs based on their management strategies and calculate their expected cost and profit. This flexibility provides a decision aid to search for systems that generate higher net returns to the farm's resource base. The brief outline of cultural and pest management practices included in this publication should be supplemented with publications from Michigan State University or from other Universities. See the References section for resources. Many are...
Tipo: Working or Discussion Paper Palavras-chave: Crop Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/11644
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