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Item Details
Title: A COMPREHENSIVE ASSESSMENT OF THE ROLE OF RISK IN U.S. AGRICULTURE
By: Richard E. Just (Editor), Rulon D. Pope (Editor)
Format: Hardback

List price: £219.99


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ISBN 10: 079237567X
ISBN 13: 9780792375678
Publisher: SPRINGER
Pub. date: 30 November, 2001
Edition: 2002 ed.
Series: Natural Resource Management and Policy 23
Pages: 586
Description: After the research on agricultural risk, the treatment of risk in agricultural research is far from harmonious. This book is intended to: define the state of the literature on agricultural risk research; provide a critical evaluation of economic risk research on agriculture; and set a research agenda that meets future needs and prospects.
Synopsis: 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.
Illustrations: XIV, 586 p.
Publication: Netherlands
Imprint: Springer
Returns: Returnable
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