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A REPRESENTATIVE FARM APPROACH TO OUTREACH WITH BEGINNING FARMERS AND RANCHERS AgEcon
Zimmel, Peter; Wilcox, Lori.
Tipo: Journal Article Palavras-chave: Beginning Farmers and Ranchers; Representative Farm; Whole Farm Analysis; Risk Management; Online Decision Support; Stochastic; Baseline; Farm Management; Teaching/Communication/Extension/Profession; Q12; Q14; D81.
Ano: 2011 URL: http://purl.umn.edu/109477
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Does Crop Insurance Reduce the Need for Cash Reserves in Savings Accounts? AgEcon
Raulston, J. Marc; Richardson, James W.; Outlaw, Joe L.; Knapek, George M..
One of the most fundamental and traditional risk management tools available to agricultural producers is a savings account. Cash reserves in savings provide a safety net for producers, allowing financial obligations and living expenses to be met when unexpected shortfalls in income occur. Crop insurance, another risk management tool, likely reduces the cash reserves required to be held in savings as it aids in mitigating risks ranging from total disasters to uncertainties in market conditions. This study utilizes a stochastic farm level simulation model in a representative farm framework to evaluate the impacts of alternative crop insurance scenarios on levels of savings necessary to maintain target ending cash reserve numbers for producers in major...
Tipo: Conference Paper or Presentation Palavras-chave: Crop Insurance; Multiple Peril Crop Insurance; Crop Revenue Coverage; Stochastic Simulation; Representative Farm; Agricultural and Food Policy; Farm Management; Risk and Uncertainty.
Ano: 2010 URL: http://purl.umn.edu/56413
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