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Author : Dmitry V. Vedenov
Publisher :
ISBN 13 :
Total Pages : 316 pages
Book Rating : 4.:/5 (489 download)
Download or read book Essays in Agricultural Finance and Risk Management written by Dmitry V. Vedenov and published by . This book was released on 2001 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard Lee Gallagher
Publisher :
ISBN 13 :
Total Pages : 332 pages
Book Rating : 4.:/5 (469 download)
Download or read book Three Essays in Agricultural Loan Portfolio Risk Management written by Richard Lee Gallagher and published by . This book was released on 2000 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Brent Alan Gloy
Publisher :
ISBN 13 :
Total Pages : 219 pages
Book Rating : 4.:/5 (845 download)
Download or read book Essays on Agricultural Risk Management and Agribusiness Marketing written by Brent Alan Gloy and published by . This book was released on 2001 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard A. Gallenstein
Publisher :
ISBN 13 :
Total Pages : 176 pages
Book Rating : 4.:/5 (12 download)
Download or read book Three Essays on Agricultural Microfinance and Risk Management written by Richard A. Gallenstein and published by . This book was released on 2017 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microfinance has successfully spread across most of the developing world and has provided access to credit to over 100 million asset-poor clients. Despite this accomplishment, there is little evidence that it has resulted in sustained income growth and poverty reduction. In light of this problem, researchers and practitioners are seeking to develop microfinance contracts that achieve both high repayment rates and promote high return investments. Two tools hoped to achieve these ends in an agricultural context are joint liability and index insurance. This dissertation seeks to investigate the separate and combined impacts of these two financial technologies on credit market participation and investment behavior. In Chapter 1, I provide a brief introduction to the two financial technologies and set the stage for the three main essays. In Chapter 2, I investigate the willingness to pay for index based rainfall insurance-backed agricultural loans in northern Ghana using a contingent valuation methodology. The results demonstrate a preference for insurance payouts made directly to the farmer over those made to the bank, a high willingness to pay to avoid basis risk, and that insurance results in an overall reduction in demand for agricultural loans. In Chapter 3, I investigate the role that social capital plays in risk taking under joint liability loans. I develop a theoretical model of joint liability group credit and demonstrate that shame penalties and altruism between symmetric pairs of borrowers reduce risk taking, while risk taking between asymmetric pairs of borrowers can rise due to free riding. Results from a framed field experiment and a social network survey administered in Tanzania lend empirical support for this theoretical model. In Chapter 4, I investigate the impact of index insurance-backed contingent credit on risk taking under individual and joint liability loan contracts. I develop a theoretical model that predicts increases in risk taking under contingent credit when default penalties and risk aversion are sufficiently high, and these results hold under both individual and joint liability. I use a framed field experiment conducted in rural Tanzania to support the model empirically. I show that index insurance-backed contingent credit has a robust positive impact on risk taking under both individual and joint liability loan contracts that increases with default penalties and risk aversion.
Author : Pin Lu
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.3/5 (514 download)
Download or read book Three Essays on Risk Management and Irrigation Water Demand in Agriculture written by Pin Lu and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Both extensive (share of insured acres in total insurable acres) and intensive (coverage level choice) margin participation rates in the U.S. crop insurance program have increased due to generous subsidies. On a national scale, this program has been well rated to satisfy the actuarial fairness requirement by USDA Risk Management Agency. However, sizeable spatial heterogeneity remains across the Great Plains and Corn Belt regions. If subsidies were to be reduced in the future because of financial constraints, such heterogeneity might be detrimental to the sustainability of the crop insurance program. A central theme of this dissertation is to investigate how farmers make participation decisions when risk factors exist. In a separate but related line of work, this dissertation also explores the irrigation water usage in the Great Lakes region because farmers' irrigation behavior reflects their risk preferences and impacts their incentives for enrolling in the program. The dissertation consists of three essays on farmers' decisions regarding premium mispricing, basis risk, and irrigation water usage. The first essay proposes a novel resampling procedure to estimate farm-level actuarially fair premiums. The resampling procedure mainly contains two parts: (i) semi-parametric quantile regression; and (ii) rejection method. Many previous studies explore whether county-level mispricing exists based on the historical loss ratio records. However, we can identify farm-level mispricing by imputing actuarially fair premiums based on historical yield records, consistent with theory. We find that farmers with lower land quality cropland paid fewer premiums than they should, but a contrary case happens for farmers with higher land quality cropland. Empirical evidence shows farmers may be more concerned about mispricing than subsidy transfer. Regression results support a conclusion that such farm-level mispricing deters farmers' crop insurance demand. Our analysis sheds light on the policy-making that: (i) mispricing may be a substitution of subsidy so mitigating mispricing can maintain high participation while saving subsidies; and (ii) imputation of premiums based on historical yield records can apply.The second essay focuses on the impact of basis risk on participation rates in the U.S. crop insurance program. In recent years, basis risk has been increasingly recognized as an essential driver for deterring insurance uptake. Most research concentrates on index insurance contracts; however, few investigate the effect of mismatch between cash and futures markets on farmers' insurance decisions. We first build a conceptual model to show farmers' acreage response to basis risk within the expected utility framework. Next, we apply the Fractional Probit with Control Function for the empirical analysis and find that the effects of basis risk on participation rates are significantly negative for nearly all insurance contracts. Our analysis implies that: (i) to remove basis risk, revision for revenue contract may be considered; (ii) subsidy structure may be adjusted to be consistent with the underlying basis risk. The third essay investigates irrigation water usage in the Great Lakes region. Although the water conservation policy was implemented, there has been an upward trend in irrigation water demand from 2003 to 2018, including irrigated acres and total water usage. We employ firm-level irrigation data to examine what factors impact farmers' response to irrigation water usage. We find that: (i) price elasticities vary significantly according to model specifications and water costs; (ii) demand at both extensive (irrigated acres) and intensive (water application per acre) margins is input price inelastic; and (iii) price elasticities are homogeneous across crops but heterogeneous across states. For the policy-making, if there is a 10% tax on irrigation water cost, total water usage decreases by about 4% for corn and soybean, respectively.
Author :
Publisher :
ISBN 13 :
Total Pages : 136 pages
Book Rating : 4.:/5 (89 download)
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:
Author :
Publisher :
ISBN 13 :
Total Pages : 826 pages
Book Rating : 4.3/5 (91 download)
Download or read book Agricultural Finance Review written by and published by . This book was released on 1938 with total page 826 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : B.A. Babcock
Publisher : Springer Science & Business Media
ISBN 13 : 9401729158
Total Pages : 214 pages
Book Rating : 4.4/5 (17 download)
Download or read book Risk Management and the Environment: Agriculture in Perspective written by B.A. Babcock and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk Management and the Environment: Agriculture in Perspective is a modern academic work that seeks to bring out both to the private and the policy sectors the importance of risk management in relation to the envi ronment in agriculture, as the world moves towards freer markets. Many efforts were pooled together in making this book. Three years ago, an attempt was made by one of the editors to get a project on 'Agri cultural Risk Management and Sustainabilty' (ARMAS) funded by the European Commission. Probably deeming the proposal as prematurely novel for Europe, the Commission's screening experts abandoned its evaluation. Following that experience it became apparent that the literature on the theme ought to be strengthened and emphasized through a book by a well known publishing house. The editorial team was formed relatively quickly and an invitation to known experts in the field for contributions was issued. Subsequently, Kluwer Academic Publishers, evaluated an edited volume proposal package, and final revisions were made prior to submitting the entire manuscript for publication. We are gratefully acknowledging the moral support of several individu als as well as the patience of our publishers.
Author : Roman Marco Hohl
Publisher : John Wiley & Sons
ISBN 13 : 1119345634
Total Pages : 440 pages
Book Rating : 4.1/5 (193 download)
Download or read book Agricultural Risk Transfer written by Roman Marco Hohl and published by John Wiley & Sons. This book was released on 2019-03-25 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gain a holistic view of agricultural (re)insurance and capital market risk transfer Increasing agricultural production and food security remain key challenges for mankind. In order to meet global food demand, the Food and Agriculture Organisation estimates that production has to increase by 50% by 2050 and requires large investments. Agricultural insurance and financial instruments have been an integral part to advancing productivity and are becoming more important in increasingly globalized and specialized agricultural supply chains in the wake of potentially more frequent and severe natural disasters in today’s key producing markets. Underwriting, pricing and transferring agricultural risks is complex and requires a solid understanding of the production system, exposure, perils and the most suitable products, which vastly differ among developed and developing markets. In the last decade, new insurance schemes in emerging agricultural markets have greatly contributed to the large growth of the industry from a premium volume of US$10.1 billion (2006) to US$30.7 billion (2017). This growth is bound to continue as insurance penetration and exposure increase and new schemes are being developed. Agricultural (re)insurance has become a cornerstone of sovereign disaster risk financing frameworks. Agricultural Risk Transfer introduces the main concepts of agricultural (re)insurance and capital market risk transfer that are discussed through industry case studies. It also discusses best industry practices for all main insurance products for crop, livestock, aquaculture and forestry risks including risk assessment, underwriting, pricing, modelling and loss adjustment. Describes agricultural production risks and risk management approaches Covers risk transfer of production and financial risks through insurance and financial instruments Introduces modelling concepts for the main perils and key data sources that support risk transfer through indemnity- and index-based products Describes risk pricing and underwriting approaches for crop, livestock, aquaculture and forestry exposure in developed and developing agricultural systems Become familiar with risk transfer concepts to reinsurance and capital markets Get to know the current market landscape and main risk transfer products for individual producers, agribusinesses and governments through theory and comprehensive industry case studies Through Agricultural Risk Transfer, you’ll gain a holistic view of agricultural (re)insurance and capital market solutions which will support better underwriting, more structured product development and improved risk transfer.
Author : Peter J. Barry
Publisher : Wiley-Blackwell
ISBN 13 :
Total Pages : 300 pages
Book Rating : 4.F/5 ( download)
Download or read book Risk Management in Agriculture written by Peter J. Barry and published by Wiley-Blackwell. This book was released on 1984 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wiskundige analysemethoden voor het bepalen van financiele risico's in het landbouwbedrijfsbeheer
Author : Harry de Gorter
Publisher : Springer Nature
ISBN 13 : 303077760X
Total Pages : 519 pages
Book Rating : 4.0/5 (37 download)
Download or read book Modern Agricultural and Resource Economics and Policy written by Harry de Gorter and published by Springer Nature. This book was released on 2022-06-23 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume celebrates the life and career of Gordon Rausser, pioneer and leader in natural resource economics, while critically overviewing the emerging literature in the field. As the chair of the Agriculture and Resource Economics department at UC Berkeley, Rausser led the transformation of the department from a traditional agricultural economics department to a diverse resource economics department addressing issues of agriculture, food, natural resources, environmental economics, energy, and development. This book builds on this theme, showcasing not only the scope of Rausser's work but also key developments in the field. The volume is organized into two parts. The first part speaks about the lessons of Gordon Rausser's career, in particular, his role as a leader in different spheres, his capacity to integrate teaching and entrepreneurship, and his impact on the world food system. The second part will address some of the significant developments in the field he contributed to and how it relates to his work. The chapters include contributions from modern leaders in the economics field and cover diverse topics from many subfields including public policy, public finance, law, econometrics, macroeconomics, and water resources. Providing an excellent reference, as well as a celebration of a pivotal figure in the field, this volume will be useful for practitioners and scholars in agricultural and resource economics, especially the many individuals familiar with Gordon Rausser and his career.
Author : Helyette Geman
Publisher : John Wiley & Sons
ISBN 13 : 1118827384
Total Pages : 292 pages
Book Rating : 4.1/5 (188 download)
Download or read book Agricultural Finance written by Helyette Geman and published by John Wiley & Sons. This book was released on 2015-02-09 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive resource for understanding the complexities of agricultural finance Agricultural Finance: From Crops to Land, Water, and Infrastructure is a pioneering book that offers a comprehensive resource for understanding the worldwide agriculture markets, from spikes in agricultural commodity prices to trading strategies, and the agribusiness industry generally to the challenges of feeding the planet in particular. The book also goes in-depth on the topics of land, water, fertilizers, biofuels, and ethanol. Written by Helyette Geman—an industry expert in commodity derivatives—this book explores the agricultural marketplace and the cycles in agricultural commodity prices that can be the key to investor success. This resource addresses a wide range of other important topics as well, including agricultural insurance, energy, shipping and bunker prices, sustainability, investments in land, subsidies, agricultural derivatives, and farming risk-management. Other topics covered include structured products and agricultural commodities ETFs; trade finance in an era of credit shortage; securitization and commodity-linked notes; grains: wheat, corn, soybeans; softs: coffee, cocoa, cotton; shipping as a key component of agricultural trade; and the major agricultural shipping routes and the costs. The book: Offers the first comprehensive resource that deals with the all aspects of agricultural finance Includes information that is crucial for pension funds, asset managers, hedge funds, agribusiness corporates, CTAs and regulators Covers a range of topics from agricultural bunker prices, futures, options to major shipping routes and the costs This text is a must-have resource for accessing the information required to trade successfully in the agricultural marketplace.
Author : Doris Köhn
Publisher : Springer
ISBN 13 : 3642540341
Total Pages : 293 pages
Book Rating : 4.6/5 (425 download)
Download or read book Finance for Food written by Doris Köhn and published by Springer. This book was released on 2014-02-19 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reflects the current state of discussion about agricultural and rural finance in developing and transition countries. It provides insight into specific themes, such as commodity value chains, farm banking and risk management in agricultural banking, structured finance, crop insurance, mobile banking and how to increase effectiveness in rural finance. Case studies illustrate various aspects of agricultural and rural finance in developing economies. The book is based on one of the yearly financial Sector Development Symposia held by the KfW Development Bank.
Author :
Publisher :
ISBN 13 :
Total Pages : 136 pages
Book Rating : 4.3/5 (129 download)
Download or read book Agricultural Finance Review written by and published by . This book was released on 2014 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Dana L. Hoag
Publisher : CRC Press
ISBN 13 : 1439882460
Total Pages : 419 pages
Book Rating : 4.4/5 (398 download)
Download or read book Applied Risk Management in Agriculture written by Dana L. Hoag and published by CRC Press. This book was released on 2009-10-20 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: Defining the fundamentals of building a risk management plan, Applied Risk Management in Agriculture uses strategic management to organize the process of risk management. A time-tested procedure inside and outside the business community, this technique provides an ideal platform for organizing risk.Making complex principles easily accessible to stu
Author : Ashok K. Mishra
Publisher : CABI
ISBN 13 : 1800622260
Total Pages : 339 pages
Book Rating : 4.8/5 (6 download)
Download or read book Managing Risk in Agriculture written by Ashok K. Mishra and published by CABI. This book was released on 2023-10-02 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book addresses and documents farmers' risks in developing and emerging economies. It draws lessons from experimental economics on measuring risk preferences, attitudes, gender differences in managing risks, and risk management strategies in countries across Africa and Asia. It argues policy makers, especially in emerging economies, need a better understanding of farmers' attitudes toward risk and choices of risk management strategies when designing policies to support production agriculture. The book includes chapters on three themes: understanding risk attitudes and preferences; using experimental economics to measure risk, preferences, and risk management strategies; and understanding climate change, risk, and risk management. The book critically examines the currently held beliefs about risk preference, attitudes, and empirical estimation of risk management strategies, emphasizing developing and emerging economies (DEE). This book is ideal for students and researchers in universities and research organizations who conduct applied research on public policy, community development, and rural development, and will also be of interest to policy-makers in those fields.
Author : Ejiogu, Augustine Odinakachukwu
Publisher : IGI Global
ISBN 13 : 1522530606
Total Pages : 245 pages
Book Rating : 4.5/5 (225 download)
Download or read book Agricultural Finance and Opportunities for Investment and Expansion written by Ejiogu, Augustine Odinakachukwu and published by IGI Global. This book was released on 2018-04-06 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the modern globalized economy, it is important for businesses of all sizes to take advantage of the opportunity to enter diverse markets around the world. Through an international presence, organizations can remain competitive. Agricultural Finance and Opportunities for Investment and Expansion provides emerging research on the sources and profitable uses of funds in agricultural enterprises and sustainable agricultural production. While highlighting topics such as agricultural credit, enterprise expansion, and risk management, this publication explores the theoretical applications of agriculture through a business perspective. This book is an important resource for managers, academics, researchers, scholars, and graduate-level students seeking current research on the implementation of agriculture as a means of improving society and economy.
