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After all the research on agricultural risk to date, the treatment of risk in agricultural research is far from harmonious. Many competing risk models have been proposed. Some new methodologies are largely untested. Some of the leading empirical methodologies in agricultural economic research are poorly suited for problems with aggregate data where risk averse behavior is less likely to be important. This book is intended to (i) define the current state of the literature on agricultural risk research, (ii) provide a critical evaluation of economic risk research on agriculture to date and (iii) set a research agenda that will meet future needs and prospects. This type of research promises to become of increasing importance because agricultural policy in the United States and elsewhere has decidedly shifted from explicit income support objectives to risk-related motivations of helping farmers deal with risk. Beginning with the 1996 Farm Bill, the primary set of policy instruments from U.S. agriculture has shifted from target prices and set aside acreage to agricultural crop insurance. Because this book is intended to have specific implications for U.S. agricultural policy, it has a decidedly domestic scope, but clearly many of the issues have application abroad. For each of the papers and topics included in this volume, individuals have been selected to give the strongest and broadest possible treatment of each facet of the problem. The result is this comprehensive reference book on the economics of agricultural risk.
Agricultural Policy in Disarray provides fascinating, detailed, and contemporary evidence of how rent-seeking by small, well-organized interest groups results in government policies that do little good and much harm.
Agricultural yields have increased steadily in the last half century, particularly since the Green Revolution. At the same time, inflation-adjusted agricultural commodity prices have been trending downward as increases in supply outpace the growth of demand. Recent severe weather events, biofuel mandates, and a switch toward a more meat-heavy diet in emerging economies have nevertheless boosted commodity prices. Whether this is a temporary jump or the beginning of a longer-term trend is an open question. Agricultural Productivity and Producer Behavior examines the factors contributing to the remarkably steady increase in global yields and assesses whether yield growth can continue. This research also considers whether agricultural productivity growth has been, and will be, associated with significant environmental externalities. Among the topics studied are genetically modified crops; changing climatic factors; farm production responses to government regulations including crop insurance, transport subsidies, and electricity subsidies for groundwater extraction; and the role of specific farm practices such as crop diversification, disease management, and water-saving methods. This research provides new evidence that technological as well as policy choices influence agricultural productivity.
This book introduces the concept of soil security and its five dimensions: Capability, Capital, Condition, Connectivity and Codification. These five dimensions make it possible to understand soil's role in delivering ecosystem services and to quantify soil resource by measuring, mapping, modeling and managing it. Each dimension refers to a specific aspect: contribution to global challenges (Capability), value of the soil (Capital), current state of the soil (Condition), how people are connected to the soil (Connectivity) and development of good policy (Codification). This book considers soil security as an integral part of meeting the ongoing challenge to maintain human health and secure our planet's sustainability. The concept of soil security helps to achieve the need to maintain and improve the world’s soil for the purpose of producing food, fiber and freshwater, and contributing to energy and climate sustainability. At the same time it helps to maintain biodiversity and protects ecosystem goods and services.
This book serves as a foundational reference of U.S. land settlement and early agricultural policy, a comprehensive journey through the evolution of 20th century agricultural policy, and a detailed guide to the key agricultural policy issues of the early 21st century. This book integrates the legal, economic and political concepts and ideas that guided U.S. agricultural policy from colonial settlement to the 21st century, and it applies those concepts to the policy issues agriculture will face over the next generation. The book is organized into three sections. Section one introduces the main themes of the book, explores the pre-Columbian period and early European settlement, and traces the first 150 years of U.S. agricultural policy starting with the post revolution period and ending with the “golden age” of agriculture in the early 20th century. Section two outlines that grand bargain of the 1930s that initiated the modern era of government intervention into agricultural markets and traces this policy evolution to the early days of the 21st century. The third section provides an in-depth examination of six policy issues that dominate current policy discussions and will impact policy decisions for the next generation: trade, environment/conservation, commodity checkoff programs, crop insurance, biofuels, and domestic nutrition programs.
Agro-Ecosystem Diversity: Impact on Food Security and Environmental Quality presents cutting-edge exploration of developing novel farming systems and introduces landscape ecology to agronomy. It encompasses the broad range of links between agricultural development and ecological impact and how to limit the potential negative results. Presented in seven sections, each focusing on a specific challenge to sustaining diversity, the book provides insights toward the argument that by re-introducing diversity, it should be possible to maintain a high level of productivity of agro-ecosystems while also maintaining and/or restoring a satisfactory level of environment quality and biodiversity. - Demonstrates that diversified agro-ecosystems can be intensified with environmental quality preserved, restored and enhanced - Includes analysis of economic constraints leading to specialization of farms and regions and the social locking forces resisting to diversification of agro-ecosystems - Presents a global vision of world agriculture and the tradeoff between a necessary increase in food production and restoring environment quality