ACTUARIAL EFFECTS OF UNIT STRUCTURE IN THE U.S. ACTUAL PRODUCTION HISTORY CROP INSURANCE PROGRAM

This paper examines the effects of optional subdivision on APHP losses for wheat, corn, and soybeans. Thirty-seven state/crop programs are analyzed and the implications of the results are discussed in relation to newly developed crop and revenue insurance programs. The results illustrate the importance of incorporating actuarial experience into the premium rate structure and contract provisions of an insurance program.Actual Production History Program (APHP), crop insurance programs, Risk and Uncertainty,

Revenue Crop Insurance Demand

A two-stage simultaneous equation is utilized to model the choice of whether to purchase insurance and the choice of whether to purchase yield or revenue insurance using subjectively elicited survey data. Our results show an elasticity of demand for crop insurance that remains largely unchanged from earlier estimates (-0.40), but the elasticity for choices between yield and revenue insurance is found to be relatively more elastic (-0.76). Finally the link between adverse selection and the demand for insurance is examined.Demand and Price Analysis,

THE WHEAT AND STOCKER CATTLE ANALYZER: A MICROCOMPUTER DECISION AID FOR EVALUATING WHEAT PRODUCTION AND STOCKER CATTLE GRAZING DECISIONS

The Wheat and Stocker Cattle Analyzer is a microcomputer decision aid for evaluating interrelated wheat production and stocker cattle grazing decisions under yield, weight gain, and price uncertainty. An important feature of the model is that wheat commodity program provisions are incorporated into the analysis. A wide range of alternatives including wheat production for grain only, owned stocker cattle grazing, and wheat pasture leasing can be evaluated by the program.Crop Production/Industries, Livestock Production/Industries,

Analyzing Farmer Participation Intentions and Enrollment Rates for the Average Crop Revenue Election (ACRE) Program

The 2008 Farm Bill created the Average Crop Revenue Election (ACRE) program as a new commodity support program. Using a multinomial logit model to analyze a mail survey administered before the ACRE sign-up deadline, we identify factors driving farmer intentions regarding ACRE participation. Using a two-limit Tobit model to analyze actual county-level ACRE enrollment rates, we assess the effect of similar factors on actual farmer decisions. Results suggest that primary crops, risk perceptions, risk aversion, and program complexity were important factors. Farmer beliefs and attitudes also played key roles and were evolving during the months before the ACRE deadline.

THE ECONOMIC FACTORS INFLUENCING PRODUCERS' DEMAND FOR FARM MANAGERS

Results from a Tobit model showed a complementary relationship between marketing inputs and the decision to hire farm managers. According to the results, as farmers increase expenditure on marketing consultants and information systems, their expenditure on farm managers increase as well.Farm Management,

Low attentional engagement makes attention network activity susceptible to emotional interference

The aim of this study was to investigate whether emotion-attention interaction depends on attentional engagement. To investigate emotional modulation of attention network activation, we used a functional MRI paradigm consisting of a visuospatial attention task with either frequent (high-engagement) or infrequent (low-engagement) targets and intermittent emotional or neutral distractors. The attention task recruited a bilateral frontoparietal network with no emotional interference on network activation when the attentional engagement was high. In contrast, when the attentional engagement was low, the unpleasant stimuli interfered with the activation of the frontoparietal attention network, especially in the right hemisphere. This study provides novel evidence for low attentional engagement making attention control network activation susceptible to emotional interference. © 2014 Wolters Kluwer Health | Lippincott Williams & Wilkins.Fil: Exposito, Veronica. Fundación para la Lucha contra las Enfermedades Neurológicas de la Infancia; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad de Tampere; FinlandiaFil: Pickard, Natasha. California State University; Estados UnidosFil: Solbakk, Anne-Kristin. University of Oslo; NoruegaFil: Ogawa, Keith H.. Saint Mary's College Of California; Estados UnidosFil: Knight, Robert T.. California State University; Estados UnidosFil: Hartikainen, Kaisa M.. Universidad de Tampere; Finlandi

Crop Revenue and Yield Insurance Demand: A Subjective Probability Approach

A multinomial logit is utilized to model the choice of whether to purchase yield or revenue insurance using subjectively elicited survey data. Our results indicate that the demand for crop insurance is inelastic (-0.40), consistent with most earlier yield elasticity estimates, but the elasticity for choices between yield and revenue insurance is found to be relatively more elastic (-0.88).crop insurance, elasticities, multinomial logit model, revenue demand, subjective elicitation, survey, Agribusiness, Crop Production/Industries, Demand and Price Analysis, Q18,

Implementing the use of operational data in buildings

This paper considers how Operational Data might address both legislative and operational requirements from the viewpoint of an operational estate. It is framed within the context of the IEE iSERVcmb project procedures for describing operational energy data against the building activities and assets. The observations and findings from the paper show that there appear no practical reasons why the same operational data should not be used to show compliance with legislative procedures, if these were to be framed appropriately, and to provide the detailed information needed to enable action to achieve efficiency improvements in an Estate. The paper shows the significant measured energy savings possible from the use of Operational Data, as well as the ability to understand the physical estate more accurately. The work is based on characterizing utility use in an Operational Estate by reference to performance achieved in other operational buildings, but the procedure could be used to characterize any efficiency measure with practical derived metrics

Structural and dielectric studies of the phase behaviour of the topological ferroelectric La1-xNdxTaO4

We thank the University of St Andrews and EPSRC (via DTG studentships to CALD and JG) for funding,The layered perovskite LaTaO4 has been prepared in its polar orthorhombic polymorphic form at ambient temperature. Although no structural phase transition is observed in the temperature interval 25° C < T < 500 °C, a very large axial thermal contraction effect is seen, which can be ascribed to an anomalous buckling of the perovskite octahedral layer. The non-polar monoclinic polymorph can be stabilised at ambient temperature by Nd-doping. A composition La0.90Nd0.10TaO4 shows a first-order monoclinic-orthorhombic (non-polar to polar) transition in the region 250° C < T < 350 °C. Dielectric responses are observed at both the above structural events but, despite the ‘topological ferroelectric’ nature of orthorhombic LaTaO4, we have not succeeded in obtaining ferroelectric P–E hysteresis behaviour. Structural relationships in the wider family of AnBnX3n+2 layered perovskites are discussed.Publisher PDFPeer reviewe

Target Markets for Grain and Cotton Marketing Consultants and Market Information Systems

This paper examines the use of market consultants and market information systems by grain and cotton producers. A model of producer demand for marketing information and consultants is proposed that decomposes price received into exogenous and endogenous components. The analysis is based on a survey of over 1,600 producers. The results suggest that expenditures on market information systems and market consultants are not independent and, more specifically, expenditures on marketing consultants substitute for expenditures on market information systems.expected utility, market information, marketing, risk, Tobit, Marketing,