Australian Journal of Agricultural and Resource Economics最新文献

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The effectiveness of weather index insurance in managing mariculture production risk 气象指数保险在海水养殖生产风险管理中的有效性
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-03-27 DOI: 10.1111/1467-8489.12513
Mengmeng Qiang, Manhong Shen, Guanjun Xia
{"title":"The effectiveness of weather index insurance in managing mariculture production risk","authors":"Mengmeng Qiang,&nbsp;Manhong Shen,&nbsp;Guanjun Xia","doi":"10.1111/1467-8489.12513","DOIUrl":"10.1111/1467-8489.12513","url":null,"abstract":"<p>Mariculture is a high-risk industry that is susceptible to weather disasters. However, due to moral hazard, adverse selection and high transaction costs, traditional indemnity insurance policies are not available. An emerging alternative is the development of weather index mariculture insurance. This research assesses the effectiveness of weather index mariculture insurance by using the swimming crab precipitation index insurance as an example. The theoretical and empirical results suggest that weather index mariculture insurance is not always effective. It cannot be guaranteed to promote the welfare of mariculturists and reduce the tail risk of income, especially in the case of gross rates. However, in the case of low basis risk, it could be a viable option for the government because of the low subsidy cost required.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43598512","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
An economic assessment of options for operating within plantation forestry water entitlements and tightening cap and trade policy 对在种植园内经营林业用水权利和收紧总量管制与交易政策的选择进行经济评估
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-02-23 DOI: 10.1111/1467-8489.12508
Courtney M. Regan, Jeffery D. Connor, Md Sayed Iftekhar
{"title":"An economic assessment of options for operating within plantation forestry water entitlements and tightening cap and trade policy","authors":"Courtney M. Regan,&nbsp;Jeffery D. Connor,&nbsp;Md Sayed Iftekhar","doi":"10.1111/1467-8489.12508","DOIUrl":"https://doi.org/10.1111/1467-8489.12508","url":null,"abstract":"<p>The Green Triangle (GT) region of southern Australia is one of only two jurisdictions globally to licence plantation forestry's groundwater use. In response to declines in groundwater resources caused by historical plantation expansion, reductions in forest water allocations (~50%) are likely for some parts of the region, presenting novel challenges for forest managers in maintaining revenues and timber flows. This article presents a mathematical programming model evaluation of water trade opportunities for plantation forest owners to adapt to reduced water entitlements and explores how tightening groundwater policy could affect forestry returns and land use mix for the region. Results suggest that even absent opportunity to sell water, relatively limited 11% reduction in return could be expected for a large (−50%) water entitlement and (−48%) land-use change out of forestry. Results suggest that opportunities for forestry companies to sell water entitlements may allow them to maintain or even increase combined returns from forestry and water sales. Whilst the results highlight the adaptive capacity of the plantation forestry sector to operate within reduced water entitlement, a significant sectoral and regional economy adjustment would be likely. The discussion focusses on the potential to realise optimisation model-identified adaptation opportunities accounting for real-world thin markets, transaction costs and market friction.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.12508","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50142145","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
An economic assesssment of options for operating within plantation forestry water entitlements and tightening cap and trade policy 对在种植园内经营林业用水权利和收紧总量管制与交易政策的选择的经济评估
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-02-23 DOI: 10.1111/1467-8489.12508
Courtney M. Regan, J. Connor, Md. Sayed Iftekhar
{"title":"An economic assesssment of options for operating within plantation forestry water entitlements and tightening cap and trade policy","authors":"Courtney M. Regan, J. Connor, Md. Sayed Iftekhar","doi":"10.1111/1467-8489.12508","DOIUrl":"https://doi.org/10.1111/1467-8489.12508","url":null,"abstract":"","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45497771","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Managing the energy trilemma of reliability, affordability and renewables: Assessing consumer demands with discrete choice experiments 管理能源可靠性、可负担性和可再生能源的三难困境:用离散选择实验评估消费者需求
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-02-16 DOI: 10.1111/1467-8489.12509
Mark Tocock, Dugald Tinch, Darla Hatton MacDonald, John M. Rose
{"title":"Managing the energy trilemma of reliability, affordability and renewables: Assessing consumer demands with discrete choice experiments","authors":"Mark Tocock,&nbsp;Dugald Tinch,&nbsp;Darla Hatton MacDonald,&nbsp;John M. Rose","doi":"10.1111/1467-8489.12509","DOIUrl":"10.1111/1467-8489.12509","url":null,"abstract":"<p>In response to the looming climate crisis, many countries are adopting technologies to reduce the accumulation of greenhouse gases. However, national energy policies are often multiobjective and resolution deeply divisive. The result is a policy trilemma between the energy mix and the trade-offs with other policy objectives, including cost and reliability. Utilising a discrete choice experiment (DCE), the objective of this study is to explore Australian household preferences for alternative electricity contracts containing features reflecting changes in future energy policy. The first set of features include investments in renewable generation and community-based energy storage. The second set of features reflect demand-side management policies, including installing smart meters and consumption limits being imposed on households during peak demand. Two versions of the DCE were developed to obtain both willingness to pay and willingness to accept estimates for the same features. In line with the literature, differences in the two sets of estimates were observed, with the willingness to accept estimates being statistically larger for some features. These dollar value measures can be used to support public policy decision-making – the choice of which depending on the context of the policy problem being considered.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-02-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.12509","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41353641","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
How crop insurance influences agrochemical input use: Evidence from cotton farmers in China 作物保险如何影响农药投入使用:来自中国棉农的证据
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-02-15 DOI: 10.1111/1467-8489.12507
Hui Mao, Shaojian Chen, RuiYao Ying, Yong Fu
{"title":"How crop insurance influences agrochemical input use: Evidence from cotton farmers in China","authors":"Hui Mao,&nbsp;Shaojian Chen,&nbsp;RuiYao Ying,&nbsp;Yong Fu","doi":"10.1111/1467-8489.12507","DOIUrl":"10.1111/1467-8489.12507","url":null,"abstract":"<p>Crop insurance is critical in risk management in global agricultural production (e.g. by helping stabilise farmers' incomes in the long term and reducing risk-bearing costs). In this paper, using field survey data on cotton farmers in Xinjiang, China, we examine the influence of crop insurance on farmers' behaviours regarding agrochemical inputs and aim to investigate the synergy between crop insurance and reductions in fertiliser and pesticide usage. We find evidence that crop insurance significantly negatively affects farmers' use of fertilisers and pesticides, as well as significantly positively affects their adoption of green agricultural technologies (GAT) that can replace or complement traditional fertilisers and pesticides. Moreover, our results reveal that compared with small-scale farmers, crop insurance has a stronger effect on large-scale farmers' use of agrochemicals. Finally, when the insured amount is higher or the relative deductible is lower, farmers are more likely to reduce fertiliser and pesticide usage and adopt GAT. Overall, this paper scientifically identifies crop insurance can improve farmers' agrochemical input behaviour, by reducing farmers' use of traditional agrochemical inputs and increasing their adoption of GAT, which is of great significance for ensuring the safety of the agricultural ecological environment.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43737266","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Public works programmes and agricultural risk: Evidence from India 公共工程方案与农业风险:来自印度的证据
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-02-02 DOI: 10.1111/1467-8489.12505
Vis Taraz
{"title":"Public works programmes and agricultural risk: Evidence from India","authors":"Vis Taraz","doi":"10.1111/1467-8489.12505","DOIUrl":"https://doi.org/10.1111/1467-8489.12505","url":null,"abstract":"<p>The agricultural sectors in many low- and middle-income countries remain highly vulnerable to weather risk, a vulnerability that will only intensify under climate change. The globally trending public works programmes have the potential to impact weather-related agricultural risk. I explore the impact of India's National Rural Employment Guarantee Act (NREGA) on weather-related agricultural risk. My empirical strategy explores the staggered roll-out of NREGA and random weather fluctuations. Using a nationwide panel of data, I find that NREGA makes crop yields more sensitive to low rainfall shocks. I posit that these results are consistent with a labour market channel, by which NREGA increases nonfarm labour supply in low rainfall years, and an income channel, by which NREGA leads to riskier agricultural practices. These results highlight the importance of understanding how social protection programmes shape agricultural risk.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50120601","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Climate-resilient practices and welfare impacts on rice-cultivating households in Vietnam: Does joint adoption of multiple practices matter? 气候适应性实践和对越南水稻种植家庭的福利影响:联合采用多种实践是否重要?
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-01-23 DOI: 10.1111/1467-8489.12506
Nguyen Duc Kien, Truong Quang Dung, Dinh Thi Kim Oanh, Le Thanh An, Nguyen Cong Dinh, Nguyen Thai Phan, Le Thi Thanh Nga
{"title":"Climate-resilient practices and welfare impacts on rice-cultivating households in Vietnam: Does joint adoption of multiple practices matter?","authors":"Nguyen Duc Kien,&nbsp;Truong Quang Dung,&nbsp;Dinh Thi Kim Oanh,&nbsp;Le Thanh An,&nbsp;Nguyen Cong Dinh,&nbsp;Nguyen Thai Phan,&nbsp;Le Thi Thanh Nga","doi":"10.1111/1467-8489.12506","DOIUrl":"10.1111/1467-8489.12506","url":null,"abstract":"<p>Farmers have a long history of adjusting their production practices in response to changing production conditions. Using a multinomial endogenous treatment effects model that accounts for observable and unobservable heterogeneity, this study investigates the adoption and welfare impacts of climate-resilient practices on Vietnamese rice-cultivating households. We found evidence of clear and positive welfare impacts from the adoption of canal irrigation (CI) and the joint adoption of agricultural conservation practices (CP) and CI as the main adaptation strategies to increase water stress. More importantly, although farmers with access to CI systems obtained the highest returns, the joint adoption of multiple practices still had substantially high adoption rates and significantly positive effects on rice yield, rice revenue and household income. Our findings indicate that farms' and farmers' characteristics, market information and climatic conditions are generally the main factors driving rice farmers' decisions to adopt climate-resilient technologies, both individually and jointly. Follow-up policy interventions should focus on improving CI systems and promoting the joint adoption of climate-resilient technologies to improve rice farmers' well-being and enhance their resilience capacity to cope with incoming climatic uncertainty.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-01-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41743934","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Labour-saving technologies in smallholder agriculture: An economy-wide model with field operations 小农农业中的劳动节约型技术:一种具有田间作业的全经济模式
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-01-22 DOI: 10.1111/1467-8489.12502
Arndt Feuerbacher, Jonas Luckmann
{"title":"Labour-saving technologies in smallholder agriculture: An economy-wide model with field operations","authors":"Arndt Feuerbacher,&nbsp;Jonas Luckmann","doi":"10.1111/1467-8489.12502","DOIUrl":"10.1111/1467-8489.12502","url":null,"abstract":"<p>Labour-saving technologies are relevant for agricultural development. Yet, as this study shows, they are poorly integrated into agricultural production functions of economy-wide models. We report a computable general equilibrium (CGE) model, which explicitly incorporating field operations (e.g. land preparation, weeding or harvesting) in the context of smallholder agriculture. The field operations approach allows to model technological trade-offs in organic and conventional production systems at various stages of the agricultural production process. Simulating a structural change scenario, we compare the performance of the field operations approach with published benchmark production structures by assessing how they replicate empirically observed changes in land and agrochemical use. This benchmark analysis shows that incorporating field operations replicates the observed empirical changes most accurately and allows for more realistic modelling of labour-saving technologies. We use the field operations model to investigate three policy options to mitigate labour shortages in the agricultural sector of Bhutan. Permitting the employment of Indian workers in agriculture has the highest short-term potential in this respect. We find that subsidising agricultural machinery hiring services and removing import tariffs on agrochemical inputs are found to be less effective. Further options for model developments, such as combining field operations and labour market seasonality, are highlighted.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.12502","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49199859","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Futures markets and price stabilisation: An analysis of soybeans markets in North America 期货市场与价格稳定:北美大豆市场分析
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-01-11 DOI: 10.1111/1467-8489.12504
D. Miljkovic, Cole Goetz
{"title":"Futures markets and price stabilisation: An analysis of soybeans markets in North America","authors":"D. Miljkovic, Cole Goetz","doi":"10.1111/1467-8489.12504","DOIUrl":"https://doi.org/10.1111/1467-8489.12504","url":null,"abstract":"","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"62661854","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
On the way out: Government revenues from fossil fuels in Australia 出路:澳大利亚政府从化石燃料中获得的收入
IF 3.2 3区 经济学
Australian Journal of Agricultural and Resource Economics Pub Date : 2023-01-11 DOI: 10.1111/1467-8489.12503
Paul J. Burke
{"title":"On the way out: Government revenues from fossil fuels in Australia","authors":"Paul J. Burke","doi":"10.1111/1467-8489.12503","DOIUrl":"10.1111/1467-8489.12503","url":null,"abstract":"<p>Australia is moving from a fossil fuel-dominated energy mix to one that is increasingly powered by solar and wind. Fossil fuel exports are also likely to decline given their poor compatibility with the net zero emission targets of key trading partners. There is the potential for a variety of new exports of zero carbon energy and products to emerge. This paper reviews implications of the ongoing energy transition for government revenues from fossil fuel extraction and use and discusses policy options in response. It concludes that the transition heightens the need for efficient government revenue-raising mechanisms across the economy. Among the possible reforms, this paper reviews the potential for Australia's corporate income tax to be reoriented towards the taxation of above-normal profits via an allowance for corporate equity approach. Other revenue-raising options that are discussed include carbon pricing, electronic road user pricing, wider use of progressive royalties, the use of industry levies as applied in Australia's agricultural sector, and the generation of revenue from government co-investments.</p>","PeriodicalId":55427,"journal":{"name":"Australian Journal of Agricultural and Resource Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8489.12503","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44341331","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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