Agricultural Finance Review: Volume 63 Issue 1

Evaluation of risk reductions associated with multi‐peril crop insurance products

Gary D. Schnitkey, Bruce J. Sherrick, Scott H. Irwin

This study evaluates the impacts on gross revenue distributions of the use of alternative crop insurance products across different coverage levels and across locations with…

Systemic risk in U.S. crop reinsurance programs

Chuck Mason, Dermot J. Hayes, Sergio H. Lence

This study develops a method to estimate the probability density function of the Federal Risk Management Agency’s (RMA’s) net income from reinsuring crop insurance for corn…

Predictors of farm performance and repayment ability as factors for use in risk‐rating models

Lyubov Zech, Glenn Pederson

This study investigates important factors that should be used by lenders in risk‐rating their farm customers. These factors predict actual farm performance and debt repayment…

Using extreme value theory to estimate value‐at‐risk

Martin Odening, Jan Hinrichs

This study examines problems that may occur when conventional Value‐at‐Risk (VaR) estimators are used to quantify market risks in an agricultural context. For example, standard…

Optimal investment in an automatic milking system: an application of real options

Jeffrey Hyde, Jeffrey R. Stokes, Phoebe D. Engel

Automatic milking systems (AMSs) are a relatively new technology characterized by uncertainty and irreversibility. The choice to invest in such a system is analyzed in a real…

Sixteen years of chapter 12 bankruptcy: evolution of filing and disposition rates

Jerome M. Stam, Bruce L. Dixon, William Rule

Chapter 12 bankruptcy filing rates from 1986 to 2001 are compared with farm bankruptcy rates from 1898 1979. Data are also presented on Chapter 12 discharge rates. Although…