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AN ANALYTICAL FRAMEWORK FOR DISCUSSING FARM BUSINESS INTERRUPTION INSURANCE FOR CLASSICAL SWINE FEVER AgEcon
Meuwissen, Miranda P.M.; Skees, Jerry R.; Black, J. Roy; Huirne, Ruud B.M.; Dijkhuizen, Aalt A..
This paper studies farm business interruption insurance for Classical Swine Fever epidemics. Insight into the size of risk is obtained by a very detailed Monte-Carlo simulation model that includes both epidemiological and economic factors. The paper also considers issues such as farmers’' and governments’' influence on the size of risk.
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries; Risk and Uncertainty.
Ano: 2000 URL: http://purl.umn.edu/21738
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An integrated chain risk analysis of genetic modification in livestock production chains AgEcon
Novoselova, Tatiana A.; Meuwissen, Miranda P.M.; Huirne, Ruud B.M..
This article presents an integrated consumer acceptance and supply chain risk analysis of genetic modification in livestock production chains. In general, results provide insight into feasibility of certain GM applications to be incorporated into pork chain. Overall, livestock producers can expect a cost reduction. Moreover, with the heterogeneous nature of consumer preferences there are some segments that wholly respond on the integration of different GM applications in the chain. However, in some cases, it is difficult to say whether the chain can respond to consumers'’ requirements.
Tipo: Conference Paper or Presentation Palavras-chave: Consumer/Household Economics.
Ano: 2006 URL: http://purl.umn.edu/21268
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An LP-Model to Analyse Economic and Ecological Sustainability in Dutch Dairy Farming AgEcon
van Calker, Klaas Jan; Berentsen, Paul B.M.; De Boer, Imke J.M.; Giesen, G.W.J.; Huirne, Ruud B.M..
Since the enactment of the Economic Growth and Tax Relief Reconciliation Act of 2001, owners and operators of farms and ranches have opportunities to evaluate new estate planning strategies for the transfer of farm businesses to subsequent generations. However, with provisions of the Act to be phased in over several years, consideration must be given to having a "staged" estate plan. Under provisions of the current law, estate tax is repealed in the year 2010, but if Congress does not act, the legislation sunsets and returns to prior law January 1, 2011. This fact provides planning challenges for owners and operators of farms and ranches as the phase-in of provisions, the repeal in 2010, and the return to prior law relative to estate planning and business...
Tipo: Conference Paper or Presentation Palavras-chave: Environmental Economics and Policy; Livestock Production/Industries.
Ano: 2003 URL: http://purl.umn.edu/24361
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Analysing Variation in Russian Dairy Farms, 1990-2001 AgEcon
Bezlepkina, Irina V.; Huirne, Ruud B.M.; Oude Lansink, Alfons G.J.M.; Oskam, Arie J..
Russian dairy enterprises underwent dramatic changes during 1990-2001. Not much is known about the position of these enterprises under the new conditions. This study examined a sample group of dairy enterprises in the Moscow region to try to identify similarities and divergences in historical background, performance, managerial and structural characteristics. A unique farm-level data set from 1990-2001 was used. Assessment of historical characteristics revealed that the currently most successful enterprises were those which in pre-reform years had already shown better economic performance. These farms also had, for the period studied, smaller percentages of reduced resources, no severe debt problems, and better overall management.
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries.
Ano: 2005 URL: http://purl.umn.edu/24444
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Analysis of Farm Development in Dutch Agriculture and Horticulture AgEcon
Bremmer, Johan; Oude Lansink, Alfons G.J.M.; Olson, Kent D.; Baltussen, Willy H.M.; Huirne, Ruud B.M..
This paper analysis the effects of farmer characteristics, farm structure and farm performance on farm renewal and farm growth. The data set used in this research consists of panel data from the Dutch Farm Accountancy Data Network of farms specialized in plant production extended with a data from survey among those farms. Probit models were used to determine the likelihood of the changes. Results show that the degree of mechanization increases the probability of farm growth and farm renewal. Family labour input and solvency have a negative impact on farm growth. Farm size is positively correlated with farm renewal. No indications of the influence of the life cycle have been found.
Tipo: Conference Paper or Presentation Palavras-chave: Decision making; Diversification; Farm growth; Farm structure; Innovation; Panel data; Crop Production/Industries; Farm Management.
Ano: 2002 URL: http://purl.umn.edu/7025
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Are Product Recalls Insurable in the Netherlands Dairy Supply Chain? AgEcon
Meuwissen, Miranda P.M.; Valeeva, Natasha I.; Velthuis, Annet G.J.; Huirne, Ruud B.M..
Tipo: Conference Paper or Presentation Palavras-chave: Food Consumption/Nutrition/Food Safety; Production Economics.
Ano: 2006 URL: http://purl.umn.edu/20436
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Assessing Food Safety Concepts on the Dairy Farm: The Case of Chemical Hazards AgEcon
Valeeva, Natasha I.; Meuwissen, Miranda P.M.; Oude Lansink, Alfons G.J.M.; Bergevoet, Ron H.M.; Huirne, Ruud B.M..
Adaptive conjoint analysis was used to elicit farmers' and experts' preferences for attributes of improving food safety with respect to chemical hazards on the dairy farm. Groups of respondents were determined by cluster analysis based on similar farmers' and experts' perceptions of food safety improvement. Results show differences in priority of the more important attributes. However, respondents in all groups valued "identification of treated cows" as one of the most important attributes. The results provide the processing industry and extension service with a better understanding of aspects that may form farmers' perceptions of improving food safety, and thus help to define the message for targeting different farmer groups.
Tipo: Conference Paper or Presentation Palavras-chave: Food safety; Dairy farm; Conjoint analysis; Cluster analysis; Food Consumption/Nutrition/Food Safety.
Ano: 2004 URL: http://purl.umn.edu/24979
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Chain Level Dairy Innovation and Changes in Expected Recall Costs AgEcon
Huirne, Ruud B.M.; Velthuis, Annet G.J.; van Erve, C.; Meuwissen, Miranda P.M..
Tipo: Conference Paper or Presentation Palavras-chave: Food Consumption/Nutrition/Food Safety; Industrial Organization.
Ano: 2006 URL: http://purl.umn.edu/20424
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Consumer Acceptance of GM Applications in the Pork Production Chain: A Choice Modelling Approach AgEcon
Novoselova, Tatiana A.; van der Lans, Ivo A.C.M.; Meuwissen, Miranda P.M.; Huirne, Ruud B.M..
This study evaluates consumer acceptance of different GM applications in the pork production chain. In general, results indicate that consumers prefer conventional pork over pork for which genetic modification was applied. However, the negative impact of the GM applications is compensated by improvements in quality, increased animal welfare, a lower impact on the environment, less residues and a price discount. Of these benefits, increased animal welfare has the most positive effect on consumer choices. With substantial monetary compensation and presence of various benefits the consumers will attach higher utility to the GM pork than to the conventional pork. The amount of monetary compensation is dependent on the type of GM application.
Tipo: Conference Paper or Presentation Palavras-chave: Consumer acceptance; Genetic modification; Choice modelling; Consumer/Household Economics; C25; D12; Q13.
Ano: 2005 URL: http://purl.umn.edu/24527
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ECONOMIC EFFECTS OF INFORMATION TECHNOLOGY ON DAIRY FARMS IN THE NETHERLANDS AND ISRAEL AgEcon
Van Asseldonk, Marcel A.P.M.; Huirne, Ruud B.M.; Dijkhuizen, Aalt A.; Tomaszewski, Michael A.; Gelb, Ehud M..
Effects of a number of information technology applications were quantified empirically which were implemented on Dutch and Israeli dairy farms. Data comprised annual farm performances from 1987 to 1996, and included both adopters and nonadopters as well as farm results before and after adoption. Significant effects were estimated, making a differentiation between the different technologies.
Tipo: Conference Paper or Presentation Palavras-chave: Information technology; Panel analysis; Dairy farming; Livestock Production/Industries; Research and Development/Tech Change/Emerging Technologies.
Ano: 1998 URL: http://purl.umn.edu/20993
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Economic Impact of Prospective Risk Management Instruments Under Alternative Policy Scenarios AgEcon
Van Asseldonk, Marcel A.P.M.; Majewski, Edward; Meuwissen, Miranda P.M.; Was, Adam; Guba, Waldemar; Dalton, Graham E.; Landmesser, Joanna; Berg, Ernst; Huirne, Ruud B.M..
The main objective was to assess the risk of farmers in the European Union and to analyze the impact of agricultural policy changes on the main components of income namely price and production risks. In order to achieve this, qualitative considerations and quantitative analyses covering the period 2004 – 2018 have been made. Future policy scenarios have been defined, taking into account likely Common Agricultural Policy developments, including possible outcomes of the Doha round of the WTO negotiations. Subsequently, the economic impact of policy scenarios in conjunction with a set of prospective risk management instruments for the European Union are determined.
Tipo: Conference Paper or Presentation Palavras-chave: Portfolio analysis; Policy scenarios; Risk Management Instruments.
Ano: 2008 URL: http://purl.umn.edu/48104
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Economic Modeling of Hungarian Farms Incorporating Nature Conservation AgEcon
Acs, Szvetlana; Berentsen, Paul B.M.; Takacs-Gyorgy, Katalin; Huirne, Ruud B.M..
Hungary's imminent entrance into the EU calls for a farm-level financial support system aiming at combining agricultural production with nature conservation targets. Within the Hungarian National Agri-environmental Programme (NAEP) for the Environmentally Sensitive Areas, a payment system was developed. For each individual region the amount of support for every environmentally friendly farming prescription package (tier) was established using the support calculation methodology of the EU. The purpose of this paper is to analyse the impact of the packages on the income of an individual mixed farm. In contrast to many other studies, in the current study the analysis was carried out with the context of the whole farm, taking into consideration the entire...
Tipo: Conference Paper or Presentation Palavras-chave: Farm Management; Land Economics/Use.
Ano: 2002 URL: http://purl.umn.edu/7009
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Factors Explaining Farmers' Insurance Purchase in the Dutch Dairy Sector AgEcon
Ogurtsov, Victor A.; Van Asseldonk, Marcel A.P.M.; Huirne, Ruud B.M..
This paper analyzed the impact of farm and farmer characteristics on the acceptability to dairy farmers in the Netherlands of an all-risk insurance package and underlying specific categories of insurance coverage. The major farm characteristics considered were structural, operational and financial variables, while farmer age was the major farmer-specific characteristic analyzed. The specific insurance categories reviewed were damage, legal, disability, liability and health insurance. The results suggest that there are common and insurance-specific factors that can improve the design of insurance policies for dairy farmers.
Tipo: Conference Paper or Presentation Palavras-chave: Insurance; Farm characteristics; Risk; Dairy farm; Livestock Production/Industries; Risk and Uncertainty.
Ano: 2006 URL: http://purl.umn.edu/7774
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Farm Sector Capital Structure Indicators in Estonia AgEcon
Nurmet, Maire; Roots, Juri; Huirne, Ruud B.M..
Empirical tests are provided to determine the optimal leverage adjustment in transitional economy. Econometric model of agricultural firm capital structure is specified and estimated in order to analyze, how different factors affect agricultural firm's capital structure. Issues in financial structure, that under particular ownership type should be considered in responding to changes in the operating environment, are found. The evidence suggests that profit, income tax, depreciation have an influence on increase in financial leverage. Results indicate that increase in firm's profits may induce firms to increase financial risk through capital structure adjustments.
Tipo: Conference Paper or Presentation Palavras-chave: Farm Management.
Ano: 2002 URL: http://purl.umn.edu/6983
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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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Food supply chain consequences of new responses to livestock epidemics AgEcon
Meuwissen, Miranda P.M.; Mourits, Monique; Hoste, Robert; Bergevoet, Ron H.M.; Huirne, Ruud B.M..
This article studies supply chain consequences from applying the new-more socially acceptable -strategy of emergency vaccination instead of the large-scale killing of healthy animals for controlling livestock epidemics. We consider an outbreak of foot and mouth disease in a densely populated livestock area of the Netherlands. From an epidemiological perspective, simulation results show that emergency vaccination significantly reduces the size of an epidemic, both in terms of the length of an outbreak and in the number of animals killed. However, in a worst-case situation, not destroying the vaccinated animals after the end of the epidemic leads to additional consequential losses for food supply chains involved of about Euro 200 million. A business case...
Tipo: Conference Paper or Presentation Palavras-chave: Livestock epidemics; Financial impact; Consumer acceptance; Food Consumption/Nutrition/Food Safety.
Ano: 2006 URL: http://purl.umn.edu/21337
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Improving Entrepreneurship in Farming: The Impact of a Training Programme in Dutch Dairy Farming AgEcon
Bergevoet, Ron H.M.; Giesen, G.W.J.; Saatkamp, H.W.; van Woerkum, C.M.J.; Huirne, Ruud B.M..
Due to external and internal changes in dairy farming, entrepreneurial competencies are becoming increasingly important for dairy farmers. Investigating the possibility to improve these competencies by means of a training program is the main topic of the reported research. First the relations between the entrepreneurial competencies and farmer and farm characteristics were determined. To improve entrepreneurial competencies a training program was designed and executed. The influence of this training program on farm characteristics and entrepreneurial competencies was investigated by doing a case-control study. Two groups of Dutch dairy farmers were selected to participate in the case-control study. One group (n= 75) participated in the training program,...
Tipo: Conference Paper or Presentation Palavras-chave: Dairy farming; Entrepreneurship; Entrepreneurial competences; Training programme; Evaluation; Teaching/Communication/Extension/Profession.
Ano: 2005 URL: http://purl.umn.edu/24219
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Income insurance as a risk management tool after 2013 CAP reforms? AgEcon
Meuwissen, Miranda P.M.; Van Asseldonk, Marcel A.P.M.; Pietola, Kyosti; Hardaker, J. Brian; Huirne, Ruud B.M..
The ecosystem and the economic subsystem are interlinked. In fact, it is the overconsumption of scarce resources or the overproduction of bad outputs at economic system level that causes a great part of the imbalances at the ecosystem level. Some imbalances do not originate at the economic system level, but are due to external factors. Given the possibility of external shocks, respecting static sustainability thresholds is not a guarantee for system sustainability. In a dynamic setting, the concept of resilience is therefore helpful. In this paper we show how this concept can complement the traditional efficiency approach to come to a sustainable value creating economic system.
Tipo: Conference Paper or Presentation Palavras-chave: Income volatility; Income insurance; Expert elicitation; Price insurance; Risk and Uncertainty.
Ano: 2011 URL: http://purl.umn.edu/114649
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Is prevention better than cure? An empirical investigation for the case of Avian Influenza AgEcon
Longworth, Natasha; Jongeneel, Roelof A.; Saatkamp, H.W.; Huirne, Ruud B.M..
The new EU Animal Health Strategy suggests a shift in emphasis away from control towards prevention and surveillance activities for the management of threats to animal health. The optimal combination of these actions will differ among diseases and depend on largely unknown and uncertain costs and benefits. This paper reports an empirical investigation of this issue for the case of Avian Influenza. The results suggest that the optimal combination of actions will be dependent on the objective of the decision maker and that conflict exists between an optimal strategy which minimises costs to the government and one which maximises producer profits or minimises negative effects on human health. From the perspective of minimising the effects on human health,...
Tipo: Conference Paper or Presentation Palavras-chave: Avian influenza; Prevention; Control; Livestock Production/Industries.
Ano: 2008 URL: http://purl.umn.edu/44200
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Liability Risks in Agri-food Supply Chains: The Case of Wet Feed AgEcon
Meuwissen, Miranda P.M.; Van Asseldonk, Marcel A.P.M.; Huirne, Ruud B.M..
Recent animal feed crises caused substantial damage throughout food supply chains and, consequently, initiated debates on the liability insurance cover of animal feed companies. In this framework, a quantitative risk analysis for wet feed producers in the Netherlands is presented. The simulation model developed is parameterised by among others data from three Dutch wet feed companies reflecting about 45% of the wet feed market in the Netherlands. The model addresses direct damage up to farm level. Default outcomes per crisis show that the number of contaminated farms is expected to be 117, with a variation from 19 farms in the 5% percentile to 331 farms in the 95% percentile. Projected direct damage per crisis is on average Euro 0.9 million, ranging from...
Tipo: Conference Paper or Presentation Palavras-chave: Contamination risk; Simulation model; Direct damage; Agribusiness.
Ano: 2008 URL: http://purl.umn.edu/44396
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