|
|
|
| Registros recuperados: 122 | |
|
|
| Rahman, Shaikh Mahfuzur; Dorfman, Jeffrey H.; Turner, Steven C.. |
| Cottonseed crushers face substantial risk in terms of input and output price variability and they are limited in their planning by the lack of a viable futures contract for cottonseed or cottonseed products. This study examines the feasibility of cross-hedging cottonseed products using the soybean complex futures. Different cross-hedging strategies are evaluated for eight time horizons relative to the expected profit and utility of the crusher. A Bayesian approach is employed to estimate both model parameters and optimal hedge ratios, allowing consistency with expected utility maximization in the presence of estimation risk. The results reveal that both whole cottonseed and cottonseed products can be successfully cross-hedged using soybean complex futures.... |
| Tipo: Journal Article |
Palavras-chave: Bayesian decision science; Cottonseed; Cross-hedging; Risk management; Crop Production/Industries. |
| Ano: 2004 |
URL: http://purl.umn.edu/31114 |
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
|
| Szekely, Csaba; Palinkas, Peter. |
| Risk management has become increasingly important in virtually all aspects of the economy, including agriculture. Every country that considers agriculture a strategically important economic sector strives for effective risk management in agriculture. In our study American and European Union farmers’ risk management practices were, based on various surveys, compared. In terms of agricultural risk management, major differences between the USA and the EU were evident, and these derive from different farming cultures, differences in historical evolution, and economic philosophy. This study provides an overview regarding the important similarities and dissimilarities. |
| Tipo: Journal Article |
Palavras-chave: Agriculture; Risk management; Risk perception; EU; USA; Surveys.; Farm Management; Risk and Uncertainty. |
| Ano: 2009 |
URL: http://purl.umn.edu/49193 |
| |
|
|
| Bobojonov, Ihtiyor; Sommer, Rolf. |
| The paper compares the risk coping potential of insurances that are based on indices derived from weather (rainfall and temperature) data as well as from crop model and remote sensing analyses. Corresponding indices were computed for the case of wheat production in the Aleppo region of northern Syria, representative for agricultural production systems in many developing countries. The results demonstrate that weather derivatives such as the rainfall sum index (RSI) and the rainfall deficit index (RDI) have a very good potential for coping with risk in semiarid areas. Crop simulation model index (CSI) on the other hand could serve as an alternative to RSI and RDI when historical farm yield data is not available or not reliable. In such cases we simulated... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Risk management; Index insurance; Alternative index; CropSyst; NDVI; Risk and Uncertainty. |
| Ano: 2011 |
URL: http://purl.umn.edu/114256 |
| |
|
| |
|
| |
|
|
| Dahlgran, Roger A.. |
| Hedge ratio estimation studies avoid estimating hedge ratios for imminently maturing futures contracts because of the maturity effect whereby futures price volatility increases as price uncertainty is resolved at contract expiration. This study first points out that a futures-price volatility increase is neither necessary nor sufficient for reduced hedging effectiveness because hedging effectiveness depends on the cash-futures price correlation. To analyze the hedging performance of imminently maturing futures contracts risk is defined as the conditional variance of profit outcomes. The conditional mean is modeled as Brownian motion. This model was fit to cash and futures price data for corn, cotton, feeder cattle, soybeans, soybean oil, and soybean... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Maturity effect; Hedging effectiveness; Risk management; Marketing. |
| Ano: 2003 |
URL: http://purl.umn.edu/18982 |
| |
|
|
| Belasco, Eric J.; Chen, Chen; Ponnaluru, Srinivasa Sasdhar; Galinato, Suzette P.; Marsh, Thomas L.. |
| Protective covers, such as high tunnels, are being used by specialty crop producers to enhance production quality and yields, expand or growing seasons, and protect crops from some extreme elements. While growing in popularity, one barrier to larger utilization includes the uncertainty regarding their practices and benefits. This paper recognizes that high tunnels can be used as a form of risk management and examines the relationship with crop insurance in order to better define optimal risk management strategies. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: High tunnels; Specialty crop insurance; Risk management; Production Economics. |
| Ano: 2011 |
URL: http://purl.umn.edu/103896 |
| |
|
| |
|
|
| Sookhtanlo, Mojtaba; Sarani, Valiollah. |
| The main purpose of this study was to analyze the Factors Affecting on risk management in wheat production among farmers of Razavieh region (Khorasan-E-Razavi province, Iran). Statistical population of the study was 1520 farmers that they had water cultivation. By using of stratified proportional random sampling 156 respondents were selected from 8 villages. For the calculation of the risk-aversion coefficient degree among farmers, the Safety First Rule model was used. The findings revealed that the dominant respondents (65%) were risk-averse. The results of exploratory factorial analysis showed that five factors determined about 74.267 % from total variance for wheat farmers' risk management that consist of: economy & marketing management factor,... |
| Tipo: Article |
Palavras-chave: Wheat farmers; Risk-aversion; Risk management; Drought; Agricultural extension; Farm Management; Risk and Uncertainty; GA; IN. |
| Ano: 2011 |
URL: http://purl.umn.edu/120238 |
| |
|
| |
|
| |
|
|
| Gunderson, Michael A.; Roucan, Maud; Boehlje, Michael; Gray, Allan W.. |
| This teaching case focuses on the application of decision tools to assist managers making choices in an uncertain business climate. The case considers the difficult task of introducing a new product into the market. Under consideration is a sophisticated, surface-scanning technology that has applications in the food processing, food retail, and health industry sectors. Management of eMerge Interactive is faced with uncertainties in legislation, demand, and competitor response. The case can be used as part of a course in strategy and/or risk management where tools such as influence diagrams, scenario and payoff matrices, decision trees, and real options are introduced. |
| Tipo: Journal Article |
Palavras-chave: Risk management; Influence diagrams; Payoff matrices; Decision trees; And real options; Marketing. |
| Ano: 2006 |
URL: http://purl.umn.edu/8200 |
| |
|
|
| Berg, Ernst. |
| This paper investigates the farm level impacts of multiple peril yield and revenue insurance in an expected value-variance framework. The analysis is conducted using stochastic simulation jointly with numerical optimisation. Simulation is used to compute the means and variances of revenues as affected by the insurance schemes under consideration. In a second step these results are incorporated in a whole-farm programming approach, which optimises a portfolio that consists of crop production and insurance activities. The results of a case study indicate that from the farmer's point of view there is an incentive to buy multiple peril crop insurance, because it significantly reduces the variability of income. The risk reduction through insurance in turn leads... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Crop insurance; Risk management; Portfolio selection; Stochastic programming; Expected value-variance analysis; Risk and Uncertainty. |
| Ano: 2002 |
URL: http://purl.umn.edu/24834 |
| |
|
|
| Makki, Shiva S.; Somwaru, Agapi. |
| This report analyzes farmers' choice of crop insurance contracts and tests for the presence of asymmetric information in the market for multiple yield and revenue insurance products. Farmers' risk characteristics, their level of income, and the cost of insurance significantly affect their choices of yield and revenue insurance products as well as their selections of alternative coverage levels. Empirical analysis indicates that, in the presence of asymmetric information, high-risk farmers are more likely to select revenue insurance contracts and higher coverage levels. The results also indicate that premium rates do not accurately reflect the likelihood of losses, implying asymmetrical information in the crop insurance market. |
| Tipo: Report |
Palavras-chave: Asymmetric information; Adverse selection; Crop insurance; Revenue insurance; Risk management; Risk and Uncertainty. |
| Ano: 2001 |
URL: http://purl.umn.edu/33587 |
| |
| Registros recuperados: 122 | |
|
|
|
