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Uncertainty And Farm Production Decisions
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Book Synopsis Coping with Risk in Agriculture, 3rd Edition by : J Brian Hardaker
Download or read book Coping with Risk in Agriculture, 3rd Edition written by J Brian Hardaker and published by CABI. This book was released on 2015-04-24 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk and uncertainty are inescapable factors in agriculture which require careful management. Farmers face production risks from the weather, crop and livestock performance, and pests and diseases, as well as institutional, personal and business risks. This revised third edition of the popular textbook includes updated chapters on theory and methods and contains a new chapter discussing the state-contingent approach to the analysis of production and the use of copulas to better model stochastic dependency. Aiming to introduce agricultural decision making, probability and risk preference, this book is an indispensable guide for students and researchers of agriculture and agribusiness management.
Book Synopsis Managing Risk in Farming by : David Kahan
Download or read book Managing Risk in Farming written by David Kahan and published by Food & Agriculture Organization of the UN (FAO). This book was released on 2013 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: This guide is intended to help extension workers better understand the concept of risk, the situation where risk occurs and management strategies that can be used to reduce, or at least soften, its effect. It is hoped that the guide will be useful in assisting extension workers to provide farmers with advice on the kind of risk management strategies that they can employ to deal with risk in their day-to-day operations. In this way extension workers can help farmers recognize and understand the risks that they are likely to face and assist them in making better farm management decisions that reduce the negative effect of the risks encountered in farming.
Book Synopsis A Comprehensive Assessment of the Role of Risk in U.S. Agriculture by : Richard E. Just
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 Synopsis Risk, Uncertainty and the Agricultural Firm by : Charles Britt Moss
Download or read book Risk, Uncertainty and the Agricultural Firm written by Charles Britt Moss and published by World Scientific. This book was released on 2010 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text is the first major survey of risk analysis from the perspective of the agricultural firms since Agricultural Decision Analysis by Anderson, Dillon, and Hardaker published in 1977. In addition to updating the traditional material from that text, this book includes the statistical foundations of decision making under risk and uncertainty. Adding to the material covered in Anderson, Dillon, and Hardaker, the text includes material on dynamic decision rules, the arbitrage pricing model, real options theory, and state-contingent production relationships. Risk, Uncertainty, and the Agricultural Firm provides a unique discussion of each application ? developing the theoretical basis for each model and presenting an empirical roadmap (or the ?nuts and bolts?) of each model to facilitate the empirical application of each technique.
Book Synopsis Uncertainty and Farm Production Decisions by : U. Sankar
Download or read book Uncertainty and Farm Production Decisions written by U. Sankar and published by . This book was released on 1991 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Agricultural Production Economics by : David L. Debertin
Download or read book Agricultural Production Economics written by David L. Debertin and published by . This book was released on 2002 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Food Price Volatility and Its Implications for Food Security and Policy by : Matthias Kalkuhl
Download or read book Food Price Volatility and Its Implications for Food Security and Policy written by Matthias Kalkuhl and published by Springer. This book was released on 2016-04-12 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides fresh insights into concepts, methods and new research findings on the causes of excessive food price volatility. It also discusses the implications for food security and policy responses to mitigate excessive volatility. The approaches applied by the contributors range from on-the-ground surveys, to panel econometrics and innovative high-frequency time series analysis as well as computational economics methods. It offers policy analysts and decision-makers guidance on dealing with extreme volatility.
Book Synopsis Risk, Uncertainty and Profit by : Frank H. Knight
Download or read book Risk, Uncertainty and Profit written by Frank H. Knight and published by Cosimo, Inc.. This book was released on 2006-11-01 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.
Book Synopsis Agricultural Decision Making by : Peggy F. Barlett
Download or read book Agricultural Decision Making written by Peggy F. Barlett and published by Academic Press. This book was released on 2013-10-22 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agricultural Decision Making: Anthropological Contributions to Rural Development presents the impact of farmers' choices in agricultural production. This book discusses how individual decisions determine household profits and well-being, capital requirements, land use, and the adoption of technology. Organized into three parts encompassing 14 chapters, this book begins with an overview of the theoretical and methodological questions concerning the use of formal models in evaluating the alternatives open to farmers. This text then explores the patterns of agricultural choices within one rural community. Other chapters consider the implications of decision-making research for agricultural development policy and explore the decision-making context of aid programs. This book discusses as well the impacts of nonagricultural alternatives on agricultural decisions. The final chapter deals with various policy and development programs for agricultural development. This book is a valuable resource for economic anthropologists, historians, economists, agricultural economists, rural sociologists, psychologists, farmers, and research workers.
Book Synopsis The Farm Labor Problem by : J. Edward Taylor
Download or read book The Farm Labor Problem written by J. Edward Taylor and published by Academic Press. This book was released on 2018-11-29 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Farm Labor Problem: A Global Perspective explores the unique character of agricultural labor markets and the implications for food production, farm worker welfare and advocacy, and immigration policy. Agricultural labor markets differ from other labor markets in fundamental ways related to seasonality and uncertainty, and they evolve differently than other labor markets as economies develop. We weave economic analysis with the history of agricultural labor markets using data and real-world events. The farm labor history of California and the United States is particularly rich, so it plays a central role in the book, but the book has a global perspective ensuring its relevance to Europe and high-income Asian countries. The chapters in this book provide readers with the basics for understanding how farm labor markets work (labor in agricultural household models, farm labor supply and demand, spatial market equilibria); farm labor and immigration policy; farm labor organizing; farm employment and rural poverty; unionization and the United Farm Workers movement; the Fair Food Program as a new approach to collective bargaining; the declining immigrant farm labor supply; and what economic development in relatively low-income countries portends for the future of agriculture in the United States and other high-income countries. The book concludes with a chapter called "Robots in the Fields," which extrapolates current trends to a perhaps not-so-distant future. The Farm Labor Problem serves as both a guide to policy makers, farmworker advocates and international development organizations and as a textbook for students of agricultural economics and economics. - Describes the unique character of agricultural labor markets providing consequential insights - Contextualizes the economics of agricultural labor with a global perspective - Examines the history of farm labor, immigration, policy and collective bargaining with a view to the future
Book Synopsis Government Support to Agricultural Insurance by : Olivier Mahul
Download or read book Government Support to Agricultural Insurance written by Olivier Mahul and published by World Bank Publications. This book was released on 2010-03-08 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments in developing countries have been increasingly involved in the support of agricultural (crop and livestock) insurance programs in recent years. In their attempts to design and implement agricultural insurance, they have sought technical and financial assistance from the international community and particularly from the World Bank. One of the recurrent requests from governments regards international experience with agricultural insurance, not only in developed countries, where in some cases agricultural insurance has been offered for more than a century, but also in middleand low-income countries. Governments are particularly interested in the technical, operational, financial, and institutional aspects of public support to agricultural insurance. 'Government Support to Agricultural Insurance' informs public and private decision makers involved in agricultural insurance about recent developments, with a particular focus on middle- and low-income countries. It presents an updated picture of the spectrum of institutional frameworks and experiences with agricultural insurance, ranging from countries in which the public sector provides no support to those in which governments heavily subsidize agricultural insurance. This analysis is based on a survey conducted by the World Bank s agricultural insurance team in 2008 in 65 developed and developing countries. Drawing on the survey results, the book identifies some key roles governments can play to support the development of sustainable, affordable, and cost-effective agricultural insurance programs.
Book Synopsis Agricultural Household Models by : Inderjit Singh
Download or read book Agricultural Household Models written by Inderjit Singh and published by . This book was released on 1986 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the basic model of an agricultural household that underlies most of the case studies undertaken so far. The model assumes that households are price-takers and is therefore recursive. The decisions modeled include those affecting production and the demand for inputs and those affecting consumption and the supply of labor. Comparative results on selected elasticities are presented for a number of economies. The empirical significance of the approach is demonstrated in a comparison of models that treat production and consumption decisions separately and those in which the decisionmaking process is recursive. The book summarizes the implications of agricultural pricing policy for the welfare of farm households, marketed surplus, the demand for nonagricultural goods and services, the rural labor market, budget revenues, and foreign exchange earnings. In addition, it is shown that the basic model can be extended in order to explore the effects of government policy on crop composition, nutritional status, health, saving, and investment and to provide a more comprehensive analysis of the effects on budget revenues and foreign exchange earnings. Methodological topics, primarily the data requirements of the basic model and its extensions, along with aggregation, market interaction, uncertainty, and market imperfections are discussed. The most important methodological issues - the question of the recursive property of these models - is also discussed.
Book Synopsis The Intended and Unintended Effects of U.S. Agricultural and Biotechnology Policies by : Joshua S. Graff Zivin
Download or read book The Intended and Unintended Effects of U.S. Agricultural and Biotechnology Policies written by Joshua S. Graff Zivin and published by University of Chicago Press. This book was released on 2012-03-15 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using economic models and empirical analysis, this volume examines a wide range of agricultural and biofuel policy issues and their effects on American agricultural and related agrarian insurance markets. Beginning with a look at the distribution of funds by insurance programs—created to support farmers but often benefiting crop processors instead—the book then examines the demand for biofuel and the effects of biofuel policies on agricultural price uncertainty. Also discussed are genetically engineered crops, which are assuming an increasingly important role in arbitrating tensions between energy production, environmental protection, and the global food supply. Other contributions discuss the major effects of genetic engineering on worldwide food markets. By addressing some of the most challenging topics at the intersection of agriculture and biotechnology, this volume informs crucial debates.
Book Synopsis The Economics of Risk by : Donald J. Meyer
Download or read book The Economics of Risk written by Donald J. Meyer and published by W.E. Upjohn Institute. This book was released on 2003 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation This book contains a collection of papers that address various aspects of risk, including riskmanagement and how it is applied to decisionmaking and the impact of risk on markets
Book Synopsis Economics for Farm Management Extension by : David Kahan
Download or read book Economics for Farm Management Extension written by David Kahan and published by Farm Management Extension Guid. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether you are working for government, an NGO or the private sector, if you are an agricultural extension worker who is trying to assist farmers in increasing the profitability of their farms, the material in this booklet should be of help to you.
Book Synopsis The Farm Family Business by : Ruth Gasson
Download or read book The Farm Family Business written by Ruth Gasson and published by Oxford University Press, USA. This book was released on 1949 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Farming as it is practised in market industrialized countries is predominantly a family business. This book argues that the nature of the farm business cannot be properly understood without reference to the family that operates it. Examples are taken from the UK, USA, Europe and Australasia.
Book Synopsis Farm Business Analysis Using Benchmarking by : David Kahan
Download or read book Farm Business Analysis Using Benchmarking written by David Kahan and published by Farm Management Extension Guid. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this guide is to provide a better understanding of the concept and practice of entrepreneurship. This guide has been prepared for people who want to start a farm business for the first time and for farmers that want to make changes to their farming systems by introducing high value enterprises directed to the market. This guide can also help extension workers be better able to help farmers develop the skills and spirit of an entrepreneur. It is part of a series of booklets on farm business management designed to help extension workers support farmers.
