Abstract Informal risk sharing within social networks and formal financial contracts both enable households to manage risk. We find that contracting reduces participation in networks. Specifically, increased crop insurance usage decreased local religious adherence congregation membership agricultural communities. Our identification utilizes the Federal Crop Insurance Reform Act of 1994 doubled ...

This paper analyzes the potential trade offs and complementarities that exist between intra-year strategies employing annual price and yield risk contracts and inter-year self-insurance strategies involving intertemporal consumption substitution and borrowing, and explores whether standard crop insurance contracts can be made more useful to farmers if offered with a multiple-year horizon. —————...

The problem of food security during the last few decades has acquired a global character. Population growth, reduction of farmland suitable for agriculture and ecological factors has led to a sharp increase in food demand. In such conditions, the role of countries which are able to increase the export of agricultural production in short-term periods is rising. Ukraine has great opportunities fo...

* 1Assistant Professor and Extension Specialist, 2Extension Associate and, 3Assistant Professor and Extension Economist; 4Field Engineer (USDA-NRCS, Colorado) Farmers can increase yields and net returns by installing artificial drainage systems on soils that have poor natural drainage. Artificial drainage systems can also increase land value, improve crop insurance coverage, and reclaim saline ...