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report provides updated demand elasticities for fourteen food groups in Canada. The estimates are useful for conducting …
Persistent link: https://www.econbiz.de/10005068513
Next year, crop insurance guarantees likely will be lower than those for recent years. As a result, farmers will face more downside revenue risks. Revenue guarantees for crop insurance products will be below total costs of production
Persistent link: https://www.econbiz.de/10011250545
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...
Persistent link: https://www.econbiz.de/10008922603
Economic research on decadal climate variability (DCV) is scarce. DCV refers to ocean-related climate influences of duration from seven to twenty years. The DCV phenomena and their phases are associated with variations in crop and water yields. This paper examines the value of DCV information in...
Persistent link: https://www.econbiz.de/10010920200
Factors affecting the adoption of crop insurance, forward contracting, and spreading sales areanalyzed using multivariate and multinomial probit approaches that account for simultaneousadoption and/or correlation among the three risk management adoption decisions. Our empiricalresults suggest...
Persistent link: https://www.econbiz.de/10009446302
Factors affecting the adoption of crop insurance, forward contracting, and spreading sales are analyzed using multivariate and multinomial probit approaches that account for simultaneous adoption and/or correlation among the three risk management adoption decisions. Our empirical results suggest...
Persistent link: https://www.econbiz.de/10005041393
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...
Persistent link: https://www.econbiz.de/10009444562
elasticities of herbicides, insecticides and fungicides with respect to pesticide expenditure, and considering crop differentiation … herbicides expenditure elasticities are often higher than insecticides expenditure elasticities, but lower than those of … fungicides. We find higher own-price elasticities for herbicides and fungicides than for insecticides, which is the less used …
Persistent link: https://www.econbiz.de/10009020993
specified from a normalized quadratic profit function. Own-price and cross-price elasticities were estimated for hard red winter … responsive to their own price than were hard wheat varieties. Cross-price elasticities indicate that hard red winter wheat, hard … red spring wheat, and soft wheat varieties are economic substitutes. Cross-price elasticities are different from those …
Persistent link: https://www.econbiz.de/10005477158
Understanding the interactions between supply and demand for hay is important because of hay’s significance to the agricultural sector and economy, and because hay is an important crop on highly erodible soils. As an example, Tennessee has the most erodible cultivated cropland in the United...
Persistent link: https://www.econbiz.de/10005070253