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 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...

Wheat regression models that account for the effect of weather are developed to forecast wheat yield and quality. Spatial lag effects are included. Wheat yield, protein, and test weight level are strongly influenced by weather variables. The forecasting power of the yield and protein models was...

This paper evaluated differences between yields of no-tillage compared to conventional or reduced tillage and their associated downside risk. Six crops were evaluated along with how those yields and risks differed by various environmental factors such geographic location, precipitation, soil...

This study evaluated the impacts of farm size and stochastic return variability on no-till (NT) rice profitability at the whole-farm level. Mixed integer programming was used to determine optimal machinery complements, fuel consumption, and machinery labor requirements for conventional till (CT)...

The customizable area whole farm insurance (CAWFI) was designed and compared with no insurance program and currently available whole farm insurance based on farm level yield (CFWFI). The CAWFI yields higher certainty equivalents over no insurance program, but lower to CFWFI; CAWFI has fairly...

A Monte Carlo simulation model was constructed to analyze the economic feasibility of growing algae as a renewable fuel source. Increasing growth rates, pond water depth, oil content, and facility size are important for ensuring the economic viability of a commercial algae facility.