Agricultural Finance Review: Volume 73 Issue 2

Policy rationing in rural credit markets

Calum G. Turvey

The purpose of this paper is to present a discussion on the idea of “policy rationing”. Policy rationing refers to constraining impacts on farm credit through policy action or…

Livestock mortality insurance: development and challenges

Milton Boyd, Jeffrey Pai, Lysa Porth

The purpose of this research is examine the development of livestock mortality insurance, and associated challenges, in order to provide an improved understanding regarding the…

Agricultural risks and risk management in the current context of Chinese economy

H. Holly Wang

The purpose of this paper is to provide a big picture of the current context of Chinese economy, the government policies on agriculture, and the role of agricultural risks and…

Can flexible microfinance loans improve credit access for farmers?

Ron Weber, Oliver Musshoff

Using a unique dataset of a commercial microfinance institution (MFI) in Madagascar, the purpose of this paper is to investigate how credit access probabilities and loan volume…

Evaluating grain producers' production financing alternatives: evidence from South Africa

Susanna Levina Middelberg

The purpose of this paper is to identify, present and compare agricultural production financing alternatives available to grain producers in South Africa. From the South African…

Derivatives as risk management and performance of agricultural banks

Xuan Shen, Valentina Hartarska

The purpose of this paper is to estimate the impact of financial derivatives on profitability in agricultural banks. Agricultural banks are new to the derivatives market and are…

Optimal reinsurance analysis from a crop insurer's perspective

Lysa Porth, Ken Seng Tan, Chengguo Weng

The purpose of this paper is to analyze the optimal reinsurance contract structure from the crop insurer's perspective.

Modelling “shallow loss” crop revenue programs: Issues and implications for the 2013 Farm Bill

Nicholas D. Paulson, Joshua D. Woodard, Bruce Babcock

The purpose of this paper is to investigate changes proposed in 2012 to commodity programs for the new Farm Bill. Both the Senate and House Agriculture Committee versions of the…

How Australian farmers deal with risk

Amy Khuu, Ernst Juerg Weber

In Australia broadacre crops can be insured against hail and fire damage and some other perils but not against losses caused by drought, flood or frost. The purpose of this paper…

Hedging effectiveness of weather derivatives in arable farming – is there a need for mixed indices?

Niels Pelka, Oliver Musshoff

The use of weather derivatives is impaired with a basis risk which diminishes the hedging effectiveness and hinders the distribution of these risk management instruments in the…

Risk‐efficient portfolio crop choice with amended water and irrigation policies in northern Germany

Matthias Buchholz, Oliver Musshoff

Increasing environmental concerns have placed the need for an enhanced water resources management on the policy agenda. In this context, a restrictive regulation of water…