Agricultural Finance Review: Volume 70 Issue 3

Financial reform and transition in China: a study of the evolution of banks in rural China

Minggao Shen, Jikun Huang, Linxiu Zhang, Scott Rozelle

This paper seeks to understand the evolution of financial intermediation in the course of China's economic transition.

Explaining index‐based livestock insurance to pastoralists

John McPeak, Sommarat Chantarat, Andrew Mude

The purpose of this paper is to present the methods and findings of an experimental game designed to extend the concept of index‐based livestock insurance in northern Kenya, and…

The credit advantage of farm and rural small business ownership

Brian C. Briggeman, Maria M. Akers

Nonfarm small businesses are an integral part of the US economy, and access to credit is crucial to their success. In rural America, a significant proportion of these businesses…

Retirement planning by Dutch farmers: rationality or randomness?

M.A.P.M. van Asseldonk, H.B. van der Veen, H.A.B. van der Meulen

In self‐directed retirement plans, farmers are responsible for selecting the types of risky investments toward which the funds in their retirement plan are allocated. Furthermore…

Evidence of land hoarding behavior in US agriculture

Adesoji O. Adelaja, Yohannes G. Hailu, Ahadu T. Tekle, Saichon Seedang

The purpose of the study is to test how land owners respond to the appreciation of land values in the presence of speculation. This paper introduces the concept of “land…

Rental arrangements and risk mitigation of crop insurance and marketing: Impacts in the Corn Belt

Nicholas D. Paulson, Gary D. Schnitkey, Bruce J. Sherrick

This study seeks to evaluate the impacts of land rental arrangements on crop insurance and grain marketing decisions.

Prediction markets: an experimental approach to forecasting cattle on feed

R. Karina Gallardo, B. Wade Brorsen, Jayson Lusk

The purpose of this paper is to use prediction markets to forecast an agricultural event: United States Department of Agriculture's number of cattle on feed (COF). Prediction…

Evaluation of the reference yield calculation method in crop insurance

Roderick M. Rejesus, Barry K. Goodwin, Keith H. Coble, Thomas O. Knight

This article seeks to examine the reference yield calculation method used in crop insurance rating and provides recommendations that could potentially improve actuarial…