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Government field crop commodity programs have become increasingly expensive in recent years. Hence, a determination of both the direct effects on the crops controlled by the programs and the indirect effects on competing crops is of evident importance. Accordingly, the major objectives of this study include both the development and the application of a(More)
Federally subsidized crop insurance has a long history of underwriting losses. These losses may be due to premium rating procedures that do not account, as fully as possible, for differences in yield loss risk across farms. If farmers understand their own yield loss risk in more detail than is reflected in crop insurance premium rates, an information(More)
While a major focus of econometric climate impact assessments on agriculture has been prediction of overall impacts, future research should identify impact mechanisms and adaptation possibilities. Clarifying specific adaptation possibilities facilitates not only the assessment of potential welfare impacts, but also offers the possibility of evaluating(More)
Over the past twenty years economists have developed econometric approaches for estimating the impacts of climate change on agriculture by accounting for farmer adaptation implicitly. These reduced-form approaches are simple to implement but provide little insights into impact mechanisms, limiting their usefulness for adaptation policy. Recently,(More)
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