Michigan has had unusually wet planting conditions in 2011, leading to substantial acreage that has not been planted at this late date. Farmers who purchased crop insurance have many options available to them. This paper addresses the major crop insurance decisions that farmers will face during...

We theoretically examine a farmer’s coverage demand with area and individual insurance plans as either separate or integrated options. The individual and area losses are assumed to be imperfectly and positively correlated. With actuarially fair rates, the farmer will fully insure with the...

This paper is a 2014 agricultural outlook covering multiple agricultural commodities and issues.

This study compares farm operators’ risk perceptions and actual realization of risk attitudes revealed through off-farm labor, enterprise diversification, and use of contracts, crop insurance, and other types of insurance, using data from 2001 Agricultural Resource Management Survey (ARMS)....

In this paper we analyze mortality caused by 2,194 large flood events between 1985 and 2008 in 108 countries. Unlike previous studies that looked at natural-disaster mortality, we find that year-to-year changes in income and institutional determinants of vulnerability do not affect flood...

Three manure application limits (N Limit, Annual P Limit and P Banking) were modeled with particular attention to the number of hours needed to appropriately distribute manure. The benefit and costs estimates indicated that P Banking was more profitable than N Limit which was more profitable...

The objective was to determine if an irrigated improved pecan orchard is economical relative to agronomic systems commonly implemented by producers that have access to irrigation. Results show that the improved pecan orchard is more profitable than competitive enterprises after a twenty year...