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Farming under Weather Risk: Adaptation, Moral Hazard, and Selection on Moral Hazard

Hsing-Hsiang Huang and Michael R. Moore

in Agricultural Productivity and Producer Behavior

Published in print:
2019
Published Online:
May 2020
ISBN:
9780226619804
eISBN:
9780226619941
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226619941.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental

American Midwest farmers determine cropping patterns and crop insurance in springtime after observing pre-plant precipitation. We examine cropping-pattern adaptation to pre-plant precipitation as a ... More


Supply and Effects of Specialty Crop Insurance

Ethan Ligon

in The Intended and Unintended Effects of U.S. Agricultural and Biotechnology Policies

Published in print:
2012
Published Online:
February 2013
ISBN:
9780226988030
eISBN:
9780226988061
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226988061.003.0005
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter gathers evidence on the process by which crop insurance programs are created and uses this evidence to estimate the supply of crop insurance programs across counties, crops, and years. ... More


The Politics and Economics of the U.S. Crop Insurance Program

Bruce A. Babcock

in The Intended and Unintended Effects of U.S. Agricultural and Biotechnology Policies

Published in print:
2012
Published Online:
February 2013
ISBN:
9780226988030
eISBN:
9780226988061
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226988061.003.0004
Subject:
Economics and Finance, Development, Growth, and Environmental

The demand for crop insurance is motivated by both expected returns and risk reduction. This chapter presents estimates of demand for crop insurance that isolate the demand for risk reduction from ... More


Risk Response in Agriculture

Jeffrey LaFrance, Rulon Pope, and Jesse Tack

in The Intended and Unintended Effects of U.S. Agricultural and Biotechnology Policies

Published in print:
2012
Published Online:
February 2013
ISBN:
9780226988030
eISBN:
9780226988061
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226988061.003.0006
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter develops and analyzes a new structural model of variable input use, production, acreage allocations, capital investment, and consumption choices in the U.S. farm sector. The theoretical ... More


Institutions, Interests, and Incentives in American Food and Agriculture Policy

Mariano-Florentino Cuéllar, David Lazarus, Walter P. Falcon, and Rosamond L. Naylor

in The Evolving Sphere of Food Security

Published in print:
2014
Published Online:
October 2014
ISBN:
9780199354054
eISBN:
9780199398959
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199354054.003.0004
Subject:
Economics and Finance, International

American agriculture and agricultural policy are both filled with contradictions. The sector supplies less than 2 percent of GNP, yet farmers and farming communities exert considerable influence on ... More


Specters of Uncertainty

Jamie L. Pietruska

in Looking Forward: Prediction and Uncertainty in Modern America

Published in print:
2017
Published Online:
May 2018
ISBN:
9780226475004
eISBN:
9780226509150
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226509150.003.0007
Subject:
History, American History: 19th Century

This chapter surveys transformations of uncertainty into calculable risk from the 1920s to the early twenty-first century, beginning with economist Frank H. Knight’s influential 1921 work Risk, ... More


Insurance

Craig Churchill and Lauren Peterson

in New Frontiers of Philanthropy: A Guide to the New Tools and New Actors that Are Reshaping Global Philanthropy and Social Investing

Published in print:
2014
Published Online:
August 2014
ISBN:
9780199357543
eISBN:
9780199381425
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199357543.003.0017
Subject:
Political Science, American Politics

Low-income households are disproportionately vulnerable to risks and economic shocks. Although these households often have informal means to manage risks, their coping strategies generally provide ... More


Agricultural Productivity and Producer Behavior

Wolfram Schlenker (ed.)

Published in print:
2019
Published Online:
May 2020
ISBN:
9780226619804
eISBN:
9780226619941
Item type:
book
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226619941.001.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

Agriculture historically employed a large share of the overall population. For example, even in 1800, more than half the population in most European countries was working in agriculture. With the ... More


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