Implications of Integrated Commodity Programs and Crop Insurance

Moving from price-triggered to area revenue–triggered programs was perhaps the most common theme among 2007 farm bill proposals. Area revenue–triggered commodity programs may make farm-level revenue insurance products seem redundant, raising questions about why the federal government should continue both programs. Area revenue–triggered programs would remove much of the systemic risk faced by producers. As a result, private sector insurers may be able to insure the residual risk without federal involvement. This paper examines the effects of moving to area revenue–triggered commodity programs with a focus on public policy issues that would likely arise.commodity programs, revenue insurance, systemic risk, Agribusiness, Crop Production/Industries, Productivity Analysis, D81, G22, Q18,

Are Our Agricultural Risk Management Tools Adequate for a New Era?

risk, commodity programs, insurance, Agricultural Finance, Risk and Uncertainty, D80, G11, Q18,

INVESTIGATING THE IMPLICATIONS OF MULTI-CROP REVENUE INSURANCE FOR PRODUCER RISK MANAGEMENT

This study investigates the potential for alternative multi-crop revenue insurance designs in comparison to single crop yield and revenue insurance designs. A non-parametric multi-crop insurance model is developed which subsumes the single crop designs. The results compare alternative designs in terms of rate levels and risk reduction gains for representative Mississippi producers.crop insurance, revenue insurance, risk, Risk and Uncertainty,

Customizable Area Whole Farm Insurance (CAWFI)

The customizable area whole farm insurance (CAWFI) was designed and compared with no insurance program and currently available whole farm insurance based on farm level yield (CFWFI). The CAWFI yields higher certainty equivalents over no insurance program, but lower to CFWFI; CAWFI has fairly small indemnity compared with CFWFI.Agricultural and Food Policy, Crop Production/Industries, Production Economics, Risk and Uncertainty,

Plant species first recognised as naturalised for New South Wales in 2002 and 2003, with additional comments on species recognised as naturalised in 2000–2001

Information is provided on the taxonomy and distribution of 71 taxa of naturalised or naturalising plants newly recorded for the state of New South Wales during the period 1 January 2002 to 31 December 2003. Of these taxa, 32 are new records for Australia (prefaced with a †). These species are: Abutilon pictum, Acanthus mollis, †Aesculus indica (naturalising), Agapanthus praecox subsp. orientalis, Ajuga reptans, †Anigozanthos flavidus, Aquilegia vulgaris, Arbutus unedo, †Athertonia diversifolia (naturalising), †Bergenia x schmidtii (naturalising), Bromus catharticus subsp. stamineus, Bryophyllum daigremontianum, Bryophyllum fedtschenkoi, Calyptocarpus vialis, †Ceiba speciosa (naturalising), Cereus uruguayanus, †Cestrum x cultum, †Chamaecyparis lawsoniana, Cistus salviifolius, †Clematis montana, †Coprosma x cunninghamii, Coprosma robusta, Cornus capitata, Cotoneaster simonsii, Cotoneaster x watereri group, Crinum moorei, Cupressus lusitanica, †Cylindropuntia fulgida var. mamillata forma monstrosa, †Cylindropuntia prolifera, Cylindropuntia tunicata, Desmanthus virgatus, Drosanthemum candens, †Elaeagnus umbellata (naturalising), †Eragrostis trichophora, †Eupatorium lindleyanum, †Gibasis pellucida, Glechoma hederacea, †Hesperis matronalis, Hieracium aurantiacum subsp. carpathicola, †Inga edulis (naturalising), †Juniperus conferta (naturalising), †Justicia caudata, Lamium galeobdolon, Lathyrus tingitanus, †Lysimachia fortunei, †Maackia amurensis, †Monstera deliciosa, †Murdannia keisak, Odontonema tubaeforme, Oxalis vallicola, Phoenix canariensis, †Physostegia virginiana, Pinus patula, Pittosporum eugenioides, †Pittosporum ralphii, Pittosporum tenuifolium, Plectranthus ecklonii, †Potentilla vesca, †Prunus campanulata, †Rhododendron ponticum, Rosa luciae, Rubus rugosus, Ruellia squarrosa, †Senna multijuga, Stapelia gigantea, Stephanophysum longifolium, Strobilanthes anisophylla, †Tabebuia chrysotricha, †Tabebuia impetiginosa, †Tradescantia pallida and Ulmus x hollandica. Additional notes and name changes are recorded for plants first recognised as naturalised for New South Wales over the period 2000–2001. The identification of several naturalised taxa occurring in New South Wales has been corrected. Plants formerly identified as Pinus nigra var. corsicana are now considered to be Pinus halepensis; Cylindropuntia arbuscula is Cylindropuntia kleiniae, Cylindropuntia tunicata is Cylindropuntia rosea, Abrus precatorius subp. precatorius is now Abrus precatorius subsp. africanus and Cotoneaster ?horizontalis is Cotoneaster microphyllus. Further field studies have revealed that Cylindropuntia leptocaulis, Cylindropuntia spinosior, Hypericum kouytchense and Chamaesyce ophthalmica are more widespread than previously thought

DEVELOPING AND PRICING PRECIPITATION INSURANCE

Production agriculture and agribusiness are exposed to many weather-related risks. Recent years have seen the emergence of an increased interest in weather-based derivatives as mechanisms for sharing risks due to weather phenomena. In this study, a unique precipitation derivative is proposed that allows the purchaser to specify the parameters of the idemnity function. Pricing methods are presented in the context of a cotton harvest example from Mississippi. Our findings show a potential for weather derivatives to serve niche markets within U.S. agriculture.Risk and Uncertainty,

Impacts of a Standing Disaster Payment Program on U.S. Crop Insurance

This research investigates the potential effects of the standing disaster assistance program proposed in the Senate version of the 2008 Farm Bill. Results suggest no significant impact on producer crop insurance purchase decisions. Payments under the program should be expected to differ considerably across geographic regions and levels of diversification, with the program providing the greatest benefit to undiversified producers in more risky production regions (e.g., the Southern Plains).

Impacts of the SURE Standing Disaster Assistance Program on Producer Risk Management and Crop Insurance Programs

This research investigates the potential effects of the row crop provisions of the standing disaster assistance program (SURE) in the 2008 Farm Bill. Results suggest little impact on producer crop insurance purchase decisions, though the program does seem to provide an incentive for mid-level coverage. Payments under the program should be expected to differ considerably across geographic regions and levels of diversification, with the program providing the greatest benefit to undiversified producers in more risky production regions.crop insurance, disaster assistance, Farm Bill, SURE, Agricultural and Food Policy, Farm Management, Risk and Uncertainty, Q12, Q18,

Further studies of methods for reducing community noise around airports

A simplified method of analysis was used in which all flights at a 'simulated' airport were assumed to operate from one runway in a single direction. For this simulated airport, contours of noise exposure forecast were obtained and evaluated. A flight schedule of the simulated airport which is representative of the 23 major U. S. airports was used. The effect of banning night-time operations by four-engine, narrow-body aircraft in combination with other noise reduction options was studied. The reductions in noise which would occur of two- and three-engine, narrow-body aircraft equipped with a refanned engine was examined. A detailed comparison of the effects of engine cutback on takeoff versus the effects of retrofitting quiet nacelles for narrow-body aircraft was also examined. A method of presenting the effects of various noise reduction options was treated