利用收入保护和农业风险覆盖降低价格和收益风险

IF 1.6 Q2 AGRICULTURAL ECONOMICS & POLICY

Journal of Agricultural and Applied Economics Pub Date : 2022-04-04 DOI:10.1017/aae.2022.8

Hunter D. Biram, Keith H. Coble, Ardian Harri, Eunchun Park, Jesse Tack

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引用次数: 0

摘要

摘要本文评估了农业风险覆盖（ARC）和收入保护（RP）作为玉米带和密西西比三角洲代表性生产商的最佳风险管理策略。使用模拟程序来产生具有代表性的农场收入，我们发现，尽管通过ARC进行了RP，但生产者加入RP的效用在预期之下是最优的。不同采样方法和地区的结果都是稳健的。这些发现表明，ARC更适合作为一个补充项目，并且生产商注册的覆盖率比我们目前观察到的更高是最佳的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Mitigating Price and Yield Risk Using Revenue Protection and Agriculture Risk Coverage

Abstract This article evaluates Agriculture Risk Coverage (ARC) and Revenue Protection (RP) used in conjunction as an optimal risk management strategy for representative producers in the Corn Belt and Mississippi Delta. Using a simulation procedure to produce representative farm revenues, we find it is optimal under expected utility for producers to enroll in RP, despite having RP through ARC. Results are robust across alternative sampling methods and regions. These findings imply that ARC is better suited as a complementary program, and that it is optimal for a producer to enroll in higher coverage levels than we currently observe.

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来源期刊

Journal of Agricultural and Applied Economics AGRICULTURAL ECONOMICS & POLICY-

CiteScore

3.30

自引率

5.30%

发文量

审稿时长

8 weeks

期刊介绍： Published on behalf of the Southern Agricultural Economics Association, the Journal of Agricultural and Applied Economics is a forum for creative and scholarly work in agricultural economics and related areas. Contributions on methodology and applications in business, extension, research, and teaching phases of agricultural and applied economics are equally encouraged. As of 2015 (Vol 47), articles are published on an open access basis.