POTATO PRODUCTION AND STORAGE COST ESTIMATES FOR MINNESOTA IN 1983

Crop Production/Industries,

POTATO PRODUCTION AND STORAGE COST ESTIMATES FOR MINNESOTA IN 1982

Crop Production/Industries,

ANALYZING THE 1983 PAYMENT IN KIND PROGRAM AT THE FARM LEVEL

Agricultural and Food Policy, Agricultural Finance,

POTATO PRODUCTION AND STORAGE COST ESTIMATES FOR MINNESOTA IN 1986

Crop Production/Industries,

POTATO PRODUCTION AND STORAGE COST ESTIMATES FOR MINNESOTA IN 1984

Crop Production/Industries,

SUPPLY AND PRICE IMPACT OF THE ARP AND PIK PROGRAMS

Agricultural and Food Policy,

THE AGRICULTURAL RISK MANAGEMENT SIMULATOR MICROCOMPUTER PROGRAM

The Agricultural Risk Management Simulator (ARMS) is a microcomputer program designed to help users evaluate strategies for managing yield and price risk in crop farming operations. Risk management strategies are defined by choices regarding crop mix, the purchase of multiple peril crop insurance, and the use of forward contracting. Probabilistic budgeting is used to determine the net cash flow probability distribution for each strategy considered. Flexibility with regard to both sources of probabilistic information and the form of yield and price probability distributions is a noteworthy feature of the program.Risk and Uncertainty,

STARTING OR RE-ENTERING FARMING: IS THE TIMING RIGHT?

Farm Management,

ANALYSIS OF THE RISK MANAGEMENT PROPERTIES OF GRAZING CONTRACTS VERSUS FUTURES AND OPTION CONTRACTS

A stochastic budget simulator and generalized stochastic dominance are used to compare the risk management properties of grazing contracts to futures and option contracts. The results show that the risks of backgrounding feeder cattle are reduced significantly for pasture owners in a grazing contract. However, the risks of the cattle owner in a grazing contract are not significantly reduced. The results show that generally risk adverse pasture owners prefer grazing contracts to integrated production when traditional hedging is used to manage price risks. In addition, grazing contracts compare favorably with put option contracts for some pasture owners.Backgrounding, Futures contracts, Grazing contracts, Options contracts, Risk management, Risk and Uncertainty,