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A Comprehensive Assessment of the Role of Risk in U.S. Agriculture

  • Richard E. Just
  • Rulon D. Pope

Part of the Natural Resource Management and Policy book series (NRMP, volume 23)

Table of contents

  1. Front Matter
    Pages i-xiv
  2. Behavior under Risk: General Concepts and Their Significance for Agriculture

  3. Conceptual Adaptations of Risk Models for Agriculture

    1. Front Matter
      Pages 103-103
    2. Rulon D. Pope, Atanu Saha
      Pages 121-142
    3. Jean-Paul Chavas, Zohra Bouamra-Mechemache
      Pages 143-165
  4. Adequacy of General Methodological Approaches for Risk Analysis

    1. Front Matter
      Pages 191-191
    2. C. Robert Taylor, Thomas P. Zacharias
      Pages 193-211
    3. Matthew T. Holt, Jean-Paul Chavas
      Pages 213-241
  5. Sources and Consequences of Agricultural Risk: How Farmers Manage Risk

    1. Front Matter
      Pages 287-287
    2. Barry K. Goodwin, Alan P. Ker
      Pages 289-323
    3. Michele C. Marra, Gerald A. Carlson
      Pages 325-352
    4. Ethan Ligon
      Pages 353-369
    5. Peter J. Barry
      Pages 371-389
    6. Michael J. Roberts, Nigel Key
      Pages 391-415
    7. James A. Larson, Burton C. English, Roland K. Roberts
      Pages 417-442
  6. Policy Issues Relating to Risk in Agriculture

    1. Front Matter
      Pages 443-443
    2. Keith H. Coble, Thomas O. Knight
      Pages 445-468
    3. Joseph W. Glauber, Keith J. Collins
      Pages 469-488
    4. Bruce L. Gardner
      Pages 489-510
    5. Mark Metcalfe, David Sunding, David Zilberman
      Pages 511-534
  7. Conclusions Regarding the Significance of Risk Research for Agriculture

    1. Front Matter
      Pages 535-535
    2. Wesley N. Musser, George F. Patrick
      Pages 537-556
    3. Richard E. Just, Rulon D. Pope
      Pages 557-577
  8. Back Matter
    Pages 579-586

About this book

Introduction

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.

Keywords

Agricultural Policy agriculture ecosystem environment management paper production risk management

Editors and affiliations

  • Richard E. Just
    • 1
  • Rulon D. Pope
    • 2
  1. 1.University of MarylandCollege ParkUSA
  2. 2.Brigham Young UniversityUSA

Bibliographic information