AMERICAN AGRICULTURAL POLICY AND THE 1990 FARM BILL

Agricultural and Food Policy,

Principles for Fairness and Efficiency in Enhancing Environmental Services in Asia: Payments, Compensation, or Co-Investment?

The term payments for environmental services (PES) has rapidly gained popularity, with its focus on market-based mechanisms for enhancing environmental services (ES). Current use of the term, however, covers a broad spectrum of interactions between ES suppliers and beneficiaries. A broader class of mechanisms pursues ES enhancement through compensation or rewards. Such mechanisms can be analyzed on the basis of how they meet four conditions: realistic, conditional, voluntary, and pro-poor. Based on our action research in Asia in the Rewarding Upland Poor for Environmental Services (RUPES) program since 2002, we examine three paradigms: commoditized ES (CES), compensation for opportunities skipped (COS), and co-investment in (environmental) stewardship (CIS). Among the RUPES action research sites, there are several examples of CIS with a focus on assets (natural + human + social capital) that can be expected to provide future flows of ES. CES, equivalent to a strict definition of PES, may represent an abstraction rather than a current reality. COS is a challenge when the legality of opportunities to reduce ES is contested. The primary difference between CES, COS, and CIS is the way in which conditionality is achieved, with additional variation in the scale (individual, household, or community) at which the voluntary principle takes shape. CIS approaches have the greatest opportunity to be pro-poor, as both CES and COS presuppose property rights that the rural poor often do not have. CIS requires and reinforces trust building after initial conflicts over the consequences of resource use on ES have been clarified and a realistic joint appraisal is obtained. CIS will often be part of a multiscale approach to the regeneration and survival of natural capital, alongside respect and appreciation for the guardians and stewards of landscapes

Agroforestry Policy Review

A lack of policy support is seen as one of the main barriers to wider adoption of agroforestry, with the integration of trees at a low density into agricultural land challenging the conventional specialisation of forestry and agricultural policy mechanisms. Within the EU, it is necessary to examine how agroforestry fits into the two pillars of agricultural support; Pillar I - direct aids and market support, and Pillar II - rural development, as well as within forestry policy schemes for farm woodlands

Collateralised loan obligations (CLOs) : a primer

The following descriptive paper surveys the various types of loan securitisation and provides a working definition of so-called collateralised loan obligations (CLOs). Free of the common rhetoric and slogans, which sometimes substitute for understanding of the complex nature of structured finance, this paper describes the theoretical foundations of this specialised form of loan securitisation. Not only the distinctive properties of CLOs, but also the information economics inherent in the transfer of credit risk will be considered, so that we can equally privilege the critical aspects of security design in the structuring of CLO transactions

Bringing Agriculture into the GATT: Designing Acceptable Agricultural Policies

Agricultural and Food Policy, International Relations/Trade,

NOMA based resource allocation and mobility enhancement framework for IoT in next generation cellular networks

With the unprecedented technological advances witnessed in the last two decades, more devices are connected to the internet, forming what is called internet of things (IoT). IoT devices with heterogeneous characteristics and quality of experience (QoE) requirements may engage in dynamic spectrum market due to scarcity of radio resources. We propose a framework to efficiently quantify and supply radio resources to the IoT devices by developing intelligent systems. The primary goal of the paper is to study the characteristics of the next generation of cellular networks with non-orthogonal multiple access (NOMA) to enable connectivity to clustered IoT devices. First, we demonstrate how the distribution and QoE requirements of IoT devices impact the required number of radio resources in real time. Second, we prove that using an extended auction algorithm by implementing a series of complementary functions, enhance the radio resource utilization efficiency. The results show substantial reduction in the number of sub-carriers required when compared to conventional orthogonal multiple access (OMA) and the intelligent clustering is scalable and adaptable to the cellular environment. Ability to move spectrum usages from one cluster to other clusters after borrowing when a cluster has less user or move out of the boundary is another soft feature that contributes to the reported radio resource utilization efficiency. Moreover, the proposed framework provides IoT service providers cost estimation to control their spectrum acquisition to achieve required quality of service (QoS) with guaranteed bit rate (GBR) and non-guaranteed bit rate (Non-GBR)