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Risk, Government Programs, And The Environment

Author

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  • Roberts, Michael J.
  • Osteen, Craig D.
  • Soule, Meredith J.

Abstract

Nearly all farm business ventures involve financial risk. In some instances, private and public tools used to manage financial risks in agriculture may influence farmers' production decisions. These decisions, in turn, can influence environmental quality. This bulletin summarizes research and provides some perspective on private and public attempts to cope with financial risks and their unintended environmental consequences. Specifically, it examines the conceptual underpinnings of risk-related research, challenges involved with measuring the consequences of risk for agricultural production decisions, government programs that influence the risk and return of farm businesses, and how production decisions influence both the environment and the risk and average returns to farming.

Suggested Citation

  • Roberts, Michael J. & Osteen, Craig D. & Soule, Meredith J., 2004. "Risk, Government Programs, And The Environment," Technical Bulletins 33563, United States Department of Agriculture, Economic Research Service.
  • Handle: RePEc:ags:uerstb:33563
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    Cited by:

    1. Funing Zhong, 2007. "Crop Insurance and Agrochemical Use in the Manasi Watershed, Xinjiang, China," EEPSEA Research Report rr2007071, Economy and Environment Program for Southeast Asia (EEPSEA), revised Jul 2007.
    2. Ruben N. Lubowski & Andrew J. Plantinga & Robert N. Stavins, 2008. "What Drives Land-Use Change in the United States? A National Analysis of Landowner Decisions," Land Economics, University of Wisconsin Press, vol. 84(4), pages 529-550.
    3. Raja Chakir & Julien Hardelin, 2010. "Crop Insurance and Pesticides in French agriculture: an empirical analysis of multiple risks management," Working Papers 2010/04, INRA, Economie Publique.
    4. Ahearn, Mary Clare & Collender, Robert N. & Diao, Xinshen & Harrington, David H. & Hoppe, Robert A. & Korb, Penelope J. & Makki, Shiva S. & Morehart, Mitchell J. & Roberts, Michael J. & Roe, Terry L. , 2004. "Decoupled Payments In A Changing Policy Setting," Agricultural Economics Reports 33981, United States Department of Agriculture, Economic Research Service.
    5. Carlo Cafiero & Fabian Capitanio & Antonio Cioffi & Adele Coppola, 2007. "Risk and Crisis Management in the Reformed European Agricultural Policy," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 55(4), pages 419-441, December.
    6. Fumasi, Roland J., 2005. "Estimating The Impacts Of Differing Price-Risk Management Strategies On The Net Income Of Salinas Valley Lettuce Producers: A Stochastic Simulation Approach," 2005 Annual Meeting, July 6-8, 2005, San Francisco, California 36310, Western Agricultural Economics Association.

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