SAES-422 Multistate Research Activity Accomplishments Report

Sections

Basic Information
Additional Info

Status: Approved

Basic Information

Project No. and Title: OLD_SCC76 : Economics and Management of Risk in Agriculture and Natural Resources
Period Covered: 10/01/2018 to 09/30/2018
Date of Report: 06/01/2018
Annual Meeting Dates: 04/05/2018 to 04/07/2018

Jing Yi, Cornell University Thomas Sproul, Univ of Rhode Island Ashely Hungerford, USDA/OCE Jisang Yu, Kansas State University Holly Wang, Purdue University Eunchun, Mississippi State University Mindy L Mallory, University of Illinois Todd Kuethe, University of Illinois Scott Petty, University of Minnesota Tommy Keller, University of Minnesota Yuanfeng Zhao, Inner Mongolia Agricultural University Marin Bozic, University of Minnesota Xiaofei Li, Mississippi State University Calum G Turvey, Cornell University Ross Heiman, USDA-RMA Jennie Yan, USDA-RMA Thomas Worth, USDA-RMA Joanna Wilde, USDA-RMA Brian Werner, USDA-RMA Mirjana Kamatovic, USDA-RMA Rick Snare, USDA-RMA Ashley Renck, USDA-RMA Scott Merryman, USDA-RMA Chandra Mason, USDA-RMA Robert Ebel, USDA-RMA Robert Dubois, USDA-RMA Chris Aulbur, USDA-RMA Kirk Allen, USDA-RMA Eric Belasco, Montana State University Keith Coble, Mississippi State University Margaret Jodlowski, Cornell University Julia Borman, AIR Worldwide Oscar Vergara, AIR Worldwide Jerzy Jaromczyk, Cornell University Jenny Ifft, Cornell University Ford Ramsey, Virginia Polytechnic Institute and State University Kari Heerman, USDA-Economic Research Service Mickey Paggi, National Crop Insurance Services Isriya N. Bunyasiri, Kasetsart University Matt South, National Crop Insurance Services Sungkwol Park, NC State University Jackie Wang, Agricultural Information Institute of CAAS Brittney Goodrich, Auburn University Reuben Moore, Mississippi State University Wade Brorsen, Oklahoma State University Harun Bulut, NCIS Frank Schnapp, National Crop Insurance Services Nick Paulson, University of Illinois Willem Van Zandweghe, Federal Reserve Bank of Kansas City

Brief Summary of Minutes of Annual Meeting

Summary of Minutes, SCC-76 2018

1) Brittney Goodrich (assistant professor, Auburn) was unanimously elected to serve a 2-year term on the executive committee. Prof Goodrich will serve as program chair for the 2019 meetings, and accommodations chair for the 2020 annual meetings.

2) Nick Paulson (associated professor, Illinois) confirmed his second year on the executive committee. Prof Paulson served as program chair for the 2018 meetings, and will serve as accommodations chair for the 2019 meetings.

3) Tom Sproul (associate professor, Rhode Island) agreed to serve in a new informal role as "outgoing chair" for the coming year.

4) Advisor Reuben Moore briefed participants on the project renewal process which will take place this fall (our current authorization ends in 2019). Executive committee members Sproul, Paulson, and Goodrich will lead the renewal process for the project. Participants are encouraged to provide information on project-related activities, publications and impacts.

5) Calum Turvey (professor, Cornell and editor, Ag Finance Review) briefed the participants on the Ag Finance Review, and encouraged submissions of work presented at the SCC-76 meetings for publication in the journal.

6) Participants voted to hold the 2019 annual meeting in Kansas City again. The 2019 meetings will offer opportunities for sessions with RMA staff and personnel to encourage more direct interaction with project participants. Executive committee will work with National Crop Insurance Services (NCIS) staff again to make conference arrangements.

Accomplishments

Impacts

Publications

Related Publications:

Ho, S.-T., Jennifer Ifft, Bradley Rickard, and Calum Turvey. (2018) “Alternative strategies to manage weather risk in perennial fruit crop production”, Agricultural and Resource Economics Review, forthcoming.

Chantarat, S., Mude, A. G., Barrett, C. B., & Turvey, C. G. (2017). Welfare impacts of index insurance in the presence of a poverty trap. World Development, 94, 119-138.

Karagiannis N., H. Assa, A. A. Pantelous, and C. G. Turvey, “Modelling and pricing of catastrophe risk bonds with a temperature-based agricultural application” .Quantitative Finance Vol. 16 , Iss. 12,2016.

Sullivan, K.A., Uchida, E., Sproul, T.W. and Xu, J., 2018. Prospect Theory and Tenure Reform: Impacts on Forest Management. Land Economics, 94(3), pp.405-424

Shang, Q., Mallory, M., and Garcia, P. 2018. “The Components of the Bid-Ask Spread: Evidence from the Corn Futures Market.” Agricultural Economics: An International Journal. Forthcoming.

Ando, A., A. Howlader, and M.L. Mallory. 2018. “Diversifying to Reduce Conservation Outcome Uncertainty in Multiple Environmental Objectives.” Agricultural and Resource Economics Review. Forthcoming.

Coble, K.H., L. Chalise, B.J. Barnett, J.C. Miller. 2017. Developing area-triggered whole-farm revenue insurance. Journal of Agricultural and Resource Economics 42:27-44.

Krah, K., D.R. Petrolia, A. Williams, K.H. Coble, A. Harri, R. Rejesus. 2017. Producer preferences for contracts on a risky bioenergy crop. Applied Economic Perspectives & Policy.

Taylor, M., G. Tonsor, B. Ellison, N. Paulson, G. Schnitkey, and J. Coppess. 2017. “Is it Good to Have Options? The 2014 Farm Bill Program Decisions” Applied Economic Perspectives and Policy 39(4): 533-546.

Ellison, B., N. Paulson, M. Taylor, G. Tonsor, G. Schnitkey, and J. Coppess. 2017. “Evaluation of Education Offerings Associated with the 2014 Farm Bill” Applied Economic Perspectives and Policy 39(4): 547-558.

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