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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)

Suggested Citation

  • Goodwin, Barry K., 2012. "Agricultural Markets and Risk Management Tools," 126th Seminar, June 27-29, 2012, Capri, Italy 128207, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaa126:128207
    DOI: 10.22004/ag.econ.128207
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    Keywords

    Agricultural and Food Policy; Risk and Uncertainty;

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