Survey and Experimental Techniques as an Approach for Agricultural Risk Analysis

We design an experiment to simulate how people make agricultural production decisions under three policy scenarios, each incorporating direct payments (DPs): (a) price uncertainty without countercyclical payments (CCPs); (b) price uncertainty with CCPs; and (c) price uncertainty, CCPs, and uncertainty regarding base acreage updating. Results are the CCP program and perceived possibility of future base updating created incentives for subjects to invest more in program (base) crops, despite payments being decoupled from current production decisions. Those choosing to reduce revenue risk by increasing plantings of base crops may face reduced incomes, suggesting the efficiency of crop markets may be diminished. Copyright 2007, Oxford University Press.

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“…Roe and Randall (2002) further suggest that "the field of agricultural risk analysis could benefit . .…”

Section: Resultsmentioning

confidence: 97%

Supply Response to Countercyclical Payments and Base Acre Updating under Uncertainty: An Experimental Study

McIntosh

Shogren

Dohlman

2007

American J Agri Economics

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Past Progress and Future Opportunities for Agricultural Risk Research

Just

Pope

2002

A Comprehensive Assessment of the Role of Risk in U.S. Agriculture

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Labor Risk Attributes in the Green Industry: Business Owners' and Managers' Perspectives

Bitsch

Harsh

2004

J. Agric. Appl. Econ.

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Managers of greenhouses, nurseries, and landscape contractors participated in five focus group discussions on labor-related risks. Managers conceptualize labor risks along the human resource management process: (1) recruitment and selection, (2) training and development, (3) performance evaluation and discipline, (4) careers and relationships, and (5) compensation packages. In addition, they identified (6) immigrant employees and (7) labor laws and regulations as sources of risk. They recognized a large number of risk-increasing attributes, but also a number of mediating strategies to reduce these risks.

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Survey and Experimental Techniques as an Approach for Agricultural Risk Analysis

Cited by 4 publications

References 50 publications

Supply Response to Countercyclical Payments and Base Acre Updating under Uncertainty: An Experimental Study

Supply Response to Countercyclical Payments and Base Acre Updating under Uncertainty: An Experimental Study

Past Progress and Future Opportunities for Agricultural Risk Research

Labor Risk Attributes in the Green Industry: Business Owners' and Managers' Perspectives

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