Agricultural Finance Review: Volume 62 Issue 2

Crop insurance, disaster assistance, and the role of the federal government in providing catastrophic risk protection

Joseph W. Glauber, Keith J. Collins, Peter J. Barry

Since 1980, the principal form of crop loss assistance in the United States has been provided through the Federal Crop Insurance Program. The Federal Crop Insurance Act of 1980…

The role of ex ante regulations in addressing problems of moral hazard in agricultural insurance

Calum G. Turvey, Michael Hoy, Zahirul Islam

We develop a theoretical model of input use by agricultural producers who purchase crop insurance, and thus may engage in moral hazard. Through simulations, our findings show a…

An assessment of risk management strategies for grain growers in the Pacific Northwest

Bingfan Ke, H. Holly Wang

Due to the low crop insurance participation by grain growers in the Pacific Northwest, the performance of insurance programs and the futures market is assessed in this area…

Managing risk in agriculture through hedging and crop insurance: what does a national survey reveal?

Ashok K. Mishra, Hisham S. El‐Osta

Crop insurance and hedging are two risk management strategies used by farmers to manage risk. Using a discrete choice model and farm‐level data, this study investigates the…

Rental spreads for share versus cash leases in Ilinois

Peter J. Barry, Cesar L. Escalante, LeeAnn E. Moss

This study utilizes an expected utility framework to conceptualize the risk‐adjusted valuation of cash versus share leases for farmers and landowners. Farm‐level data then are…

Vertical diversification in the pork industry: a portfolio theory approach

Brian Buhr

Markowitz’s mean‐variance approach is used to identify the returns to vertical investment in the pork industry. In addition to previous efforts, this paper considers not only…

A transition finance training program for FSA/USDA employees

Gregory D. Hanson, Robert L. Parsons, Wesley N. Musser

The 1997 merger of two USDA agencies, the Agricultural Stabilization and Conservation Service and the Farmers Home Administration, into the Farm Service Agency created a need for…