... of price risk management tools among beef cattle producers. The purpose of this research is to determine factors associated with the use of options contracts, futures contracts and LRP insurance. Design/methodology/approach We conducted a survey of US cattle producers about their use of LRP insurance...

... 30 10 2024 © Emerald Publishing Limited 2024 Emerald Publishing Limited Licensed re-use rights only Hedging effectiveness Index insurance Risk management Satellite data Climate change puts pressure on the risk management of farms worldwide to secure agricultural incomes...

... affected the LRP coverage levels purchased by feeder and fed cattle producers. Design/methodology/approach The authors collected the United States Department of Agriculture Risk Management Agency summary of business sales data for daily LRP purchases from 2015 to 2023. The authors estimated...

... farm insurance market in Europe. In the Common Agricultural Policy (CAP) of the European Union, the risk management toolbox is a part of the “second pillar”, which has a much lower budget than the “first pillar”. The risk management toolbox became a part of the “second pillar” for the period 2014/2020...

... in a risk management context by applying a modified TTMU. Germany is of particular interest because only 1% of farmers have index insurance despite a dense network of weather stations and also suffered a nationwide catastrophic drought in 2018 that caused considerable yield losses (Bundesministerium für...

... preferred as risk aversion increases, but it is not universally preferred. Therefore, while the policy can be a viable risk management tool, certain restrictions may be limiting its effectiveness. Practical implications The findings of this paper can help explain farm-level decision making related...

...Cinzia Zinnanti; Attilio Coletta; Michele Torrigiani; Simone Severini Purpose This study assesses the potential impact of the European Income Stabilization Tool (IST – a whole farm income risk management [RM] tool) within a farm cooperative specializing in vineyards and operating in a small area...

... rights only Coverage level Credit constraint Risk management The federal crop insurance (henceforth, FCI)program has become the mainstay of US agricultural support and is the single largest agricultural insurance program globally (Woodard and Yi, 2019). In 2019, the FCI program serviced...

.../value There is a growing body of literature suggesting that producers are overconfident with regard to their future yield risk and that this bias reduces their willingness to pay for risk management tools such as crop insurance. This is the first study to look at how such overconfidence affects cross...

...-mail survey of Midwestern grain farmers elicited farmer demographic information, farm profile, risk attitudes and farmer use of forward pricing and revenue protection insurance. Responses regarding use of risk management tools were compiled as choices to use possible bundles of tools to account...

...Annkatrin Porsch; Markus Gandorfer; Vera Bitsch Purpose Hail risk management is essential for successful farm management in German fruit production, particularly because hail events and associated losses have increased in recent years. The purpose of this paper is to conduct a detailed risk...

... risk management program. RI-PRF is constructed as an index; therefore, it contains “index-based” benefits to the insurer by minimizing information asymmetry held by the insured. The insurer designer must minimize basis risk (the risk uncovered by the index), while attempting to maintain contract...

...Anna Zubor-Nemes; József Fogarasi; András Molnár; Gábor Kemény Purpose The purpose of this paper is to investigate the role of crop insurance among Hungarian crop farmers and the responses to the introduction of the two-scheme risk management system. Specifically, first, it examines the economic...

... performance risk for the majority of studied farms; (iii) A considerable positive whole-farm HE could have been obtained on average if farmers had been able to use the “optimized” risk management strategy. Using farm-specific information thus seems to be essential for identifying meaningful hedging strategies...

... of income stabilization because these distort farmers’ risk management behavior. Because of this, DPs could constrain the development of markets for risk management instruments and reduce the effectiveness of policies supporting the use of these instruments. Originality/value The analysis is inspired...

... 06 11 2016 10 11 2016 © Emerald Publishing Limited 2017 Emerald Publishing Limited Licensed re-use rights only Microfinance Risk management Azerbaijan Agricultural finance Credit histories Lending relationships are an important measure in microfinance since...

...Nicholas Paulson; Gary Schnitkey; Patrick Kelly Purpose The purpose of this paper is to evaluate the risk management benefits provided by the supplemental coverage option (SCO) insurance plan which was created in the 2014 Farm Bill. Specifically, the marginal expected utility benefits are compared...

... entrepreneurship, and enhance economic growth and job creation. Big data Finance Risk management Data interoperability Agricultural analytics Data integration Big data and analytics are believed to be the next drivers of economic research. Creating systems and communities around such paradigms...

... insurance could be used as a flexible risk management tool, when farm becomes vulnerable to fodder shortfall. According to previous years’ grassland yields and to the subsequent states of hay stock and animal liveweight, the area insured could vary between nearly the none and full. Farmers with low-average...

...-pastoralists, investment in rain-fed food crop production is also a productive investment opportunity in some areas. Dr Apurba Shee can be contacted at: A.Shee@cgiar.org © Emerald Group Publishing Limited 2015 Risk management Access to credit Pastoral and dairy farmers Risk-contingent...