Applying a bio-economic whole farm model we assess the impact of price and weather risk as well as different risk management strategies on the variability of the income in Swiss suckler cow production. We consider different on-farm risk management strategies such as the flexible adjustment of herd size, fodder composition and feed stocks, as well as an income insurance. Our results show that wi...

The main purpose of this study is to examine the responsiveness of peasant farmers to changes in price and non-price factors. To this end, quadratic production and restricted profit functions are fitted to farm-level survey data from Ethiopia. The results indicate that farmers respond significantly to price incentives, but the effect of prices on output supply and fertilizer demand is negligibl...

An empirical procedure was developed to analyze the cost effectiveness of alternative crop insurance products in terms of increasing producer net returns and minimizing variation in net returns. Results indicate that CAT was the overwhelmingly preferred MPCI option for all scenarios. The ranking of the other MPCI options was consistently 50/100, 60/100, and 75/100 in all scenarios. The CRC opti...

The extent to which people are willing to take on risk, i.e. their risk preferences as well as subjective risk perception plays a major role in explaining their behavior. This is of particular relevance in agricultural production, which is inherently risky. The data presented here was collected amongst a total of 64 German farmers in 2015. It includes results of three different risk preference ...

We present a model for scheduling power generation at a wind farm, and introduce a particle swarm optimization algorithm with a small world network structure to solve the model. The solution generated by the algorithm defines the operational status of wind turbines for a scheduling horizon selected by a decision maker. Different operational scenarios are constructed based on time series data of...

Uaiene, Rafael N., M.S., Purdue University, December, 2004. Maize and Sorghum Technologies and the Effects of Marketing Strategies on Farmers’ Income in Mozambique. Major Professor: John H. Sanders, College of Agriculture. About three-quarter of Mozambicans depend on agriculture for their livelihoods. Maize and sorghum are major crops and food staples. Given limited off-farm employment opportun...