EBookClubs

Read Books & Download eBooks Full Online

EBookClubs

Read Books & Download eBooks Full Online

Book An Economic Analysis of Farm Revenue Insurance

Download or read book An Economic Analysis of Farm Revenue Insurance written by David Dale Trechter and published by . This book was released on 1984 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book An Economic Analysis of Adjusted Gross Revenue Lite Insurance on Farm Income Variability for Southeast Kansas Farms

Download or read book An Economic Analysis of Adjusted Gross Revenue Lite Insurance on Farm Income Variability for Southeast Kansas Farms written by and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's production agricultural sector, managing risk is essential to insuring the economic well being and sustainability of successful enterprises. Considering the inherent risks present in today's agricultural arena, risk management has become the central focus of discussions for policy makers and producers alike. Therefore the objective of this research paper is to examine the impact a whole-farm adjusted gross revenue insurance risk management program (AGR-Lite) has on reducing farm income variability using historical farm level data for Southeast Kansas farms. A panel data set of actual farm level income data was compiled to evaluate the impact of AGR-Lite on farm income variability for 219 Southeast Kansas farms. Although actual income tax records were not available annual data over the period 1993 to 2005 from the Kansas Farm Management Association was used to reproduce the essential information a farm manager would need from IRS form 1040 schedule F and inventory records to purchase AGR-Lite (Langemeier, 2003). Income distributions for each farm from 1999 to 2005 were calculated for two strategies; the farm manager did not insure and the manager insured each year using AGR-Lite as a stand-alone product. The AGR-Lite insurance strategy assumed a 75% coverage level and 90% payment rate. The income distributions were compared using three premium scenarios. In general, the results of this study reveal participation in the AGR-Lite program, in most instances, reduced standard deviation, Coefficient of Variation (CV), and Downside Risk (DR). Additionally average minimums and Certainty Equivalents (CE) were increased with the product. The following results reflect application of Actuarially Fair Average Rate for farms with Indemnities (AFARI), which is believed to reflect actual market performance. Additionally the following reflects results using Net Farm Income (NFI). Results reveal that purchasing AGR-Lite reduced standard deviations 7.01%, 11.34%, 0.29%, and 2.53% for total, crop, livestock, and dairy farms assuming AFARI. However beef farms were the lone category to sustain a 0.81% standard deviation increase. Despite reductions in absolute variability, relative risk (CV) increased 18.94%, 17.12%, 53.84%, and 3.19% for total, livestock, beef, and dairy. Crop farms were the only category to generate a CV reduction (9.52%). Under AFARI crop farms generated the largest minimum increase, reducing downside risk, by 69.97%. For total and dairy farm categories average minimums increased 62.93% and 0.60%. The remaining farm categories, livestock and beef, yielded 65.07% and 57.03% reductions to average minimum.

Book An Economic Analysis of U S Farm Programs Including Senate and House Farm Bills on Representative Farms

Download or read book An Economic Analysis of U S Farm Programs Including Senate and House Farm Bills on Representative Farms written by George Michael Knapek and published by . This book was released on 2013 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agricultural policy continues to play a large role in risk reduction for agricultural producers in the United States. However, current budget deficits and growing national debt has many policy makers looking for ways to change the farm safety net. The interactions of current and new policy tools including crop insurance and representative farms were examined in a simulation model for four representative farms. Various outcomes were examined with attention primarily focused on (1) magnitude and frequency of farm program payments, (2) government costs and farmer return on insurance premiums paid, (3) coefficient of variation of farm revenue and probability of negative ending cash, and (4) Stochastic Efficiency with Respect to a Function (SERF) analysis. Results indicated that Supplemental Coverage Option (SCO) and Stacked Income Protection Plan (STAX) programs provide high farmer returns and positive mean payments. However, SCO, STAX, and crop insurance provided lower levels of protection when both the base and harvest price decline by the same amount. Overall, the House farm bill was preferred by all four farms for every scenario. Additionally, the results for Alternative 4, which examined different insurance coverage levels, showed that it was possible for a representative farm to lower its insurance coverage and improve its financial position. The results indicate how farm programs cover various types of potential losses faced by producer which makes the results meaningful to both producers and policy makers alike. The electronic version of this dissertation is accessible from http://hdl.handle.net/1969.1/149555

Book The Economics of Crop Insurance and Disaster Aid

Download or read book The Economics of Crop Insurance and Disaster Aid written by Barry K. Goodwin and published by American Enterprise Institute. This book was released on 1995 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study is the first to provide a comprehensive and in-depth economic analysis of the origins and consequences of U.S. crop insurance and disaster relief programs. The authors investigate the policy options for disaster assistance and crop insurance, beginning with the recognition that current policies are unsatisfactory.

Book Economics of Agricultural Crop Insurance Theory and Evidence

Download or read book Economics of Agricultural Crop Insurance Theory and Evidence written by Darrell L. Hueth and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Government subsidized crop insurance has been used by a number of developed countries as a mechanism to reduce farm income instability by reducing yield risks. This book provides an in-depth analysis and evaluation of government provided crop insurance in developed countries. The book is organized into three sections: Part one presents background material on crop insurance programs in the U.S., Canada and selected other countries. Part two provides some analytical models of multiple peril crop insurance which suggest the possibility of modification of design which could improve performance and which explores theoretical linkages between crop insurance decisions and other producer decisions previously not analyzed. The main part of the book is Part three, where the results of a series of empirical studies using databases particularly designed to answer crop insurance questions are presented. This part of the book tests a number of the hypotheses which were raised in Parts one and two regarding reasons for the view widely held by economists that crop insurance has not functioned well.

Book Farm Revenue Insurance

Download or read book Farm Revenue Insurance written by James G. Vertrees and published by . This book was released on 1983 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Risk Analysis for Agricultural Production Firms

Download or read book Risk Analysis for Agricultural Production Firms written by and published by . This book was released on 1985 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Managing Risk in Farming

Download or read book Managing Risk in Farming written by and published by . This book was released on 1999 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book A Comprehensive Assessment of the Role of Risk in U S Agriculture

Download or read book A Comprehensive Assessment of the Role of Risk in U S Agriculture written by Richard E. Just and published by Springer Science & Business Media. This book was released on 2013-11-11 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt: After all the research on agricultural risk to date, the treatment of risk in agricultural research is far from harmonious. Many competing risk models have been proposed. Some new methodologies are largely untested. Some of the leading empirical methodologies in agricultural economic research are poorly suited for problems with aggregate data where risk averse behavior is less likely to be important. This book is intended to (i) define the current state of the literature on agricultural risk research, (ii) provide a critical evaluation of economic risk research on agriculture to date and (iii) set a research agenda that will meet future needs and prospects. This type of research promises to become of increasing importance because agricultural policy in the United States and elsewhere has decidedly shifted from explicit income support objectives to risk-related motivations of helping farmers deal with risk. Beginning with the 1996 Farm Bill, the primary set of policy instruments from U.S. agriculture has shifted from target prices and set aside acreage to agricultural crop insurance. Because this book is intended to have specific implications for U.S. agricultural policy, it has a decidedly domestic scope, but clearly many of the issues have application abroad. For each of the papers and topics included in this volume, individuals have been selected to give the strongest and broadest possible treatment of each facet of the problem. The result is this comprehensive reference book on the economics of agricultural risk.

Book Income Insurance in European Agriculture

Download or read book Income Insurance in European Agriculture written by M. P. M. Meuwissen and published by . This book was released on 1999 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Economic Analysis of Crop Insurance

Download or read book Economic Analysis of Crop Insurance written by Nagentran M and published by . This book was released on 2019 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper examines the economic analysis of crop insurance. Crop insurance cushions the shock of crop loss by assuring farmers protection against natural hazards beyond their control. The Central Government and the State Governments in India have constituted in recent years several crop insurance schemes. From the above reviews, the studies demonstrate the informal method used by farmers in handling risk, effectiveness Government policy and crop insurance. Besides, it is essential to evaluate the performance of crop insurance scheme in India and point out problems in its implementation. Given this gap, there is a need for studying the issues related to crop insurance. Since the agriculture activity is uncertain, the problem faced by the farmers in India is continuous for long periods. Thus, it is important for the researchers to analyse the issues related to crop insurance thereby for improving the crop insurance for securing the agrarian livelihood in India.

Book An Economic Analysis of Crop Insurance Options in Manitoba

Download or read book An Economic Analysis of Crop Insurance Options in Manitoba written by Paul Swain Westdal and published by . This book was released on 1975 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interest in this study arose from a concern on the part of research scientists and the Manitoba Crop Insurance Corporation that the current Manitoba program meet its intended objective of investment protection at the lowest possible cost. The central role played by the crop insurance program in ameliorating the negative impact of variable farm income in Manitoba underscored the importance of the study. The fact that the current program deviated significantly from the model originally offered emphasized the need for a comprehensive evaluation of the program's ability to fulfill its central objective. Specifically in this study an attempt was made to establish whether or not the crop insurance options available in the current program offered producers in Manitoba a level of coverage sufficient to meet annual out of pocket costs for their wheat, oats, and barley enterprises. A similar comparison was conducted using the now defunct Improved Practises program. A related investigation was conducted to determine what additional costs, depreciation and consumption, might be covered by the higher coverage options where coverage surpluses were generated in excess of out of pocket costs. Finally the effect on the performance of crop insurance options of providing coverage using a five year moving average trend yield method was examined...