Agricultural Finance Review: Volume 72 Issue 3

Effects of agricultural policy reforms and farm characteristics on income risk in Swiss agriculture

Nadja El Benni, Robert Finger, Stefan Mann

The purpose of this study is to examine the effects of agricultural policy reform – specifically the change from market to direct payment support – on income variability of Swiss…

Drivers of agricultural profitability in the USA: An application of the Du Pont expansion method

Ashok K. Mishra, J. Michael Harris, Kenneth W. Erickson, Charlie Hallahan, Joshua D. Detre

The aim of this study is to use a financial approach based on the Du Pont expansion to investigate the impact of demographics, specialization, tenure, vertical integration, farm…

Why do credit cooperatives disappear?: The determinants of Portuguese agricultural credit co‐operatives failure

Paula Cabo, João Rebelo

The paper aims to identify “problematic” agricultural credit co‐operatives (CCAM) and to evaluate their risk of insolvency as a function of financial indicators, providing…

The role of an agribusiness index in a modern portfolio

Benjamin M. Clark, Joshua D. Detre, Jeremy D'Antoni, Hector Zapata

The purpose of this research is to develop a composite agribusiness stock index and then compare the returns and volatility to other broad‐based market indices. The paper then…

The SURE program and incentives for crop insurance participation: A theoretical and empirical analysis

Anton Bekkerman, Vincent H. Smith, Myles J. Watts

The aim of this paper is to show how provisions of the Supplemental Revenue Assistance Payments (SURE) program impacts production practices, and empirically examine changes in…

Effects of credit constraints on household productivity in rural China

Fengxia Dong, Jing Lu, Allen M. Featherstone

The purpose of this paper is to examine the effect of credit constraints on agricultural productivity in China.

Is agricultural microcredit really more risky? Evidence from Tanzania

Ron Weber, Oliver Musshoff

Using a unique dataset of a commercial microfinance institution (MFI) in Tanzania, the purpose of this paper is to investigate first whether agricultural firms have a different…

Effects of crop acreage and aggregation level on price‐yield correlations

Robert Finger

The purpose of this paper is to analyze the effects of data aggregation and farm‐level crop acreage on the level of natural hedge, i.e. the level of price‐yield correlations…

Modelling the effect of farming attitudes on farm credit use: a case study from Ireland

Peter Howley, Emma Dillon

By examining the role of farming attitudes and motivations, the aim of this paper is to provide a framework for better understanding farmers' behaviour in relation to the decision…

Hedging weather risk on aggregated and individual farm‐level: Pitfalls of aggregation biases on the evaluation of weather index‐based insurance

Leif Erec Heimfarth, Robert Finger, Oliver Musshoff

Since the 1990s, there has been a discussion about the use of weather index‐based insurance, also called weather derivatives, as a new instrument to hedge against volumetric risks…

The effects of government sponsored enterprise (GSE) status on the pricing of bonds issued by the Federal Farm Credit Banks Funding Corporation (FFCB)

Calum G. Turvey, Yiwo Wang

Motivated by recent congressional interest in eradicating government sponsored enterprises (GSE), the purpose of this paper is to develop a framework to price the implicit…