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Spatio-temporal Risk and Severity Analysis of Soybean Rust in the United States

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Author Info

  • Bekkerman, Anton
  • Goodwin, Barry K.
  • Piggott, Nicholas E.

Abstract

Soybean rust is a highly mobile infectious disease and can be transmitted across short and long distances. Soybean rust is estimated to cause yield losses that can range between 1%-25%. An analysis of spatio-temporal infection risks within the United States is performed through the use of a unique data set. Observations from over 35,000 field-level inspections between 2005 and 2007 are used to conduct a county-level analysis. Statistical inferences are derived by employing zero-inflated Poisson and negative binomial models. In addition, the model is adjusted to account for potential endogeneity between inspections and soybean rust finds. Past soybean rust finds and inspections in the county and in the surrounding counties, weather and overwintering conditions, and plant maturity groups and planting dates are all found to be significant factors determining soybean rust. These results are then used to accordingly price annual insurance contracts or indemnification programs that cover soybean rust damages.

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Bibliographic Info

Article provided by Western Agricultural Economics Association in its journal Journal of Agricultural and Resource Economics.

Volume (Year): 33 (2008)
Issue (Month): 3 (December)
Pages:

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Handle: RePEc:ags:jlaare:46564

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Web page: http://waeaonline.org/
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Related research

Keywords: Insurance contracts; risk analysis; soybean rust; zero-inflated model; Crop Production/Industries; Risk and Uncertainty;

References

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  1. Roberts, Michael J. & Schimmelpfennig, David E. & Ashley, Elizabeth & Livingston, Michael J. & Ash, Mark & Vasavada, Utpal, 2006. "The Value of Plant Disease Early-Warning Systems: A Case Study of USDA's Soybean Rust Coordinated Framework," Economic Research Report 7208, United States Department of Agriculture, Economic Research Service.
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Cited by:
  1. Wheatley, W. Parker, 2010. "Economic and Regional Determinants of the Location of Payday Lenders and Banking Institutions in Mississippi: Reconsidering the Role of Race and Other Factors in Firm Location," The Review of Regional Studies, Southern Regional Science Association, vol. 40(1), pages 53-69.
  2. Gomez, Miguel I. & Nunez, Hector M. & Onal, Hayri, 2009. "Economic Impacts of Soybean Rust on the US Soybean Sector," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49595, Agricultural and Applied Economics Association.
  3. Bekkerman, Anton & Piggott, Nicholas E. & Goodwin, Barry K. & Jefferson-Moore, Kenrett Y., 2012. "A Market-based Mitigation Program for Wind-borne Diseases," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 41(2), August.

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