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A Comprehensive Assessment of the Role of Risk in U.S. Agriculture (Paperback, Softcover reprint of hardcover 1st ed. 2002)
Loot Price: R5,962
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A Comprehensive Assessment of the Role of Risk in U.S. Agriculture (Paperback, Softcover reprint of hardcover 1st ed. 2002)
Series: Natural Resource Management and Policy, 23
Expected to ship within 10 - 15 working days
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After all the research on agricultural risk to date, the treatment
of risk in agricultural research is far from harmonious. Many
competing risk models have been proposed. Some new methodologies
are largely untested. Some of the leading empirical methodologies
in agricultural economic research are poorly suited for problems
with aggregate data where risk averse behavior is less likely to be
important. This book is intended to (i) define the current state of
the literature on agricultural risk research, (ii) provide a
critical evaluation of economic risk research on agriculture to
date and (iii) set a research agenda that will meet future needs
and prospects. This type of research promises to become of
increasing importance because agricultural policy in the United
States and elsewhere has decidedly shifted from explicit income
support objectives to risk-related motivations of helping farmers
deal with risk. Beginning with the 1996 Farm Bill, the primary set
of policy instruments from U.S. agriculture has shifted from target
prices and set aside acreage to agricultural crop insurance.
Because this book is intended to have specific implications for
U.S. agricultural policy, it has a decidedly domestic scope, but
clearly many of the issues have application abroad. For each of the
papers and topics included in this volume, individuals have been
selected to give the strongest and broadest possible treatment of
each facet of the problem. The result is this comprehensive
reference book on the economics of agricultural risk.
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