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Registros recuperados: 5
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ECONOMIC RISK AND THE STRUCTURAL CHARACTERISTICS OF FARM BUSINESSES AgEcon
Barry, Peter J.; Escalante, Cesar L.; Bard, Sharon K..
Using longitudinal panel farm-level data, this study finds that income variability may be materially influenced by farm size. Econometric results suggest that policy analyses and other considerations of the distributional effects of, and response to, income variability for commercial scale family farms may concentrate on farm size and other structural variables.
Tipo: Conference Paper or Presentation Palavras-chave: Risk; Income variability; Farm size; Financial structure; Farm Management; Industrial Organization.
Ano: 2000 URL: http://purl.umn.edu/21778
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Economic Well-Being of Farm Households AgEcon
Jones, Carol Adaire; El-Osta, Hisham S.; Green, Robert C..
Farm subsidy programs were introduced in the 1930s largely due to concern for chronically low, and highly variable, incomes of US farm households. Today commodity-based support programs are still prominent, though income and wealth of the average farm household now exceed that of the average nonfarm households - by a large margin. Farm income continues to be highly variable, but the small set of farm households most at risk for income variability - because farm income represents more than one-third of household income - are those operating large farms. And they have substantial net worth, which cushions uncertain farm income.
Tipo: Report Palavras-chave: Farm households; Household income; Household wealth; Household net worth; Living expenses; Joint income-wealth indicator; Economic well-being; Financial well-being; Off-farm employment; Income variability; ERS; USDA; Consumer/Household Economics.
Ano: 2006 URL: http://purl.umn.edu/34095
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Risk and Income Risk Management Issues for Organic Crops in Greece AgEcon
Tzouramani, Irene; Karanikolas, Pavlos; Alexopoulos, George.
Drawing upon a comparative case study of organic and conventional farming in Western Greece, the aim of this study is threefold: firstly, to explore the organic and conventional farmers’ profile through a factor analysis. Secondly, to assess the economic viability of organic cultivation with respect to profitability and risk behaviour, through a Monte Carlo stochastic simulation model. Thirdly, to discuss the necessity for additional income insurance schemes. Research findings indicate that the organic cropping system currently stands out as the most economically viable alternative under the assumption of the existing payments; without payments, however, conventional agriculture would be preferred by all farmers, regardless of their degree of risk aversion
Tipo: Conference Paper or Presentation Palavras-chave: Organic crops; Income variability; Risk analysis; SERF; Agricultural policy.
Ano: 2008 URL: http://purl.umn.edu/48116
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PRODUCTION CONTRACTS, RISK SHIFTING, AND RELATIVE PERFORMANCE PAYMENTS IN THE PORK INDUSTRY AgEcon
Martin, Laura L..
Actual performance records of production contract farmers are used to assess the extent to which contract production reduces the risk borne by pork producers. Comparisons of contracting relative to independent market production reveal that farmers who enter into production contracts based on absolute performance measures reduce risks associated with variable income. Weak evidence is found that relative performance contracts, similar to those used in the broiler chicken industry, further reduce income variability. The effectiveness of such relative performance contracts will rely on several factors; among these are increased contract production and a more uniform pork production and processing system.
Tipo: Journal Article Palavras-chave: Absolute performance payment; Income variability; Pork industry; Production contracts; Relative performance payment; Risk shifting; Livestock Production/Industries.
Ano: 1997 URL: http://purl.umn.edu/15048
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FEASIBILITY OF INCOME INSURANCE IN EUROPEAN AGRICULTURE AgEcon
Meuwissen, Miranda P.M.; Huirne, Ruud B.M..
Liberalization of agricultural markets leads to new risks for European farmers. This paper studies the feasibility of income insurance schemes for European crop and livestock farmers. Different insurance topics, such as governmental reinsurance and the use of mutual insurance funds, are described and analyzed, using individual farm level data of different areas and commodities. In this paper it is argued that 'income' insurance in European agriculture should be restricted to yield-only insurance schemes that are organized per commodity and per region and in which governments play the role of 'lender of last resort.
Tipo: Conference Paper or Presentation Palavras-chave: Income variability; Income insurance; Crop and livestock farming; Risk and Uncertainty.
Ano: 1998 URL: http://purl.umn.edu/20947
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