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Managing Risk in Agriculture
The book addresses and documents farmers' risks in developing and emerging economies. It draws lessons from experimental economics on measuring risk preferences, attitudes, gender differences in managing risks, and risk management strategies in countries across Africa and Asia. It argues policy makers, especially in emerging economies, need a better understanding of farmers' attitudes toward risk and choices of risk management strategies when designing policies to support production agriculture. The book includes chapters on three themes: understanding risk attitudes and preferences; using experimental economics to measure risk, preferences, and risk management strategies; and understanding climate change, risk, and risk management. The book critically examines the currently held beliefs about risk preference, attitudes, and empirical estimation of risk management strategies, emphasizing developing and emerging economies (DEE). This book is ideal for students and researchers in universities and research organizations who conduct applied research on public policy, community development, and rural development, and will also be of interest to policy-makers in those fields.
Coping with Risk in Agriculture, 3rd Edition
Risk and uncertainty are inescapable factors in agriculture which require careful management. Farmers face production risks from the weather, crop and livestock performance, and pests and diseases, as well as institutional, personal and business risks. This revised third edition of the popular textbook includes updated chapters on theory and methods and contains a new chapter discussing the state-contingent approach to the analysis of production and the use of copulas to better model stochastic dependency. Aiming to introduce agricultural decision making, probability and risk preference, this book is an indispensable guide for students and researchers of agriculture and agribusiness management.
Handbook of Production Economics
This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.
The Economic Impact of Public Support to Agriculture
Despite a gradual and sustained decline in the contribution of agriculture to the economies of the member countries of the Organization for Economic Cooperation and Development (OECD), the sector remains socially and politically important. Although agriculture accounts for less than 2% of the gross domestic product of the OECD countries, it occupies over 35% of their total land area. Predominantly rural regions, where agriculture remains particularly important, contain almost one quarter of the population of OECD countries. The past quarter century has witnessed signi?cant changes in agricultural po- cies in OECD countries. Although total support remains high, a shift has taken place from pr...
Coping with Risk in Agriculture
As with earlier editions, the aim of this book is to support better agricultural decision making by explaining what can be done nowadays in risk analysis and risk management. As before, the intended readership includes senior undergraduate or graduate students of agricultural and rural resource management, agricultural research workers, people involved in advising farmers, such as extension workers, financial advisers and veterinarians, some farmers themselves, and policy makers. Methods of risk analysis and management are evolving rapidly. This third edition includes some recent advances in both theory and methods of analysis. New material includes sections on state-contingent versus stochastic production functions and an introduction to the use of copulas for modelling stochastic dependency. Improvements in available software continue to expand the scope to better represent and model real-world risky choices, and this edition has updated its advice concerning use of contemporary software. The book has 13 chapters.
Chasing Ghosts
John Mueller and Mark Stewart expose here the ill-founded paranoia that has allowed the US national security state to both feed at the public trough and undermine America's civil liberties tradition.
