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Agricultural Markets and Risk Management Tools

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  • Goodwin, Barry K.

Abstract

Three specific aspects of agricultural risk management are addressed 1. Recent developments in price volatility and yield risk 2. The role of policy: - Subsidized crop insurance with examples from the massive US program ($115 billion in liability in 2011) - The 2012 US Farm Bill, which is currently being debated in Congress (with disturbing developments) 3. review of recent research on developments in the empirical modeling of risk with a focus on revenue insurance (combining aspects of dependent yield and price risks)

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File URL: http://purl.umn.edu/128207
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Bibliographic Info

Paper provided by European Association of Agricultural Economists in its series 126th Seminar, June 27-29, 2012, Capri, Italy with number 128207.

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Date of creation: Jun 2012
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Handle: RePEc:ags:eaa126:128207

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Keywords: Agricultural and Food Policy; Risk and Uncertainty;

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