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| Gustafson, Cole R.; Wilson, William W.; Dahl, Bruce L.. |
| Malt barley is an important specialty crop in the Northern Plains and growers mitigate risk with federally subsidized crop insurance and production contracts. However, growers face considerable risk due to "coverage gaps" in crop insurance that result in uncertain indemnity payments due to uncertainty of their crop meeting contract specifications. A stochastic dominance model is developed to evaluate alternative risk efficient strategies for growers with differing risk attitudes and production practices (irrigation vs. dryland). Results show that efficient choices are highly dependent on risk attitudes for dryland growers, but not irrigated growers. Sensitivities with respect to acceptance risk and level of crop insurance subsidization are presented.... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Crop insurance; Malting barley; Stochastic dominance; Stochastic efficiency; Risk and Uncertainty. |
| Ano: 2006 |
URL: http://purl.umn.edu/21095 |
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| Buschena, David E.; Gray, Richard S.; Severson, Ethan. |
| Substantial changes have taken place recently in the regulation of agricultural trade in North America. The effect of these changes on trade in agricultural commodities is of particular interest to producers and policymakers in the Northern Plains and Rockies region. In this paper, we discuss specifically the malt barley production, malting, and brewing industries in light of these new trade agreements and their ramifications. We evaluate the incentives that free trade provides for mergers between barley malting firms, and then we assess the consequences of these mergers on the realized gains from trade for consumers, barley producers, and malting firms. The globalization of markets has fundamentally changed the world in which economic agents operate.... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Malting barley; Industry concentration; Free trade agreement; Industrial Organization; Q1; F1. |
| Ano: 1998 |
URL: http://purl.umn.edu/29168 |
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