Farm Payment Limits: History and Observations
Debate over limits on payments by farm safety net programs has become increasingly passionate. In the current 2012 Farm Bill debate, significant attempts likely will be made (1) to further tighten existing payment limits and (2) to implement limits on cro ...
Price vs. Revenue Farm Safety Net
An issue of disagreement during the 2012 Farm Bill debate is whether the farm safety net should focus on revenue or price. Until the ACRE program was enacted in the 2008 Farm Bill, farm programs focused on price. This article compares price and revenue pr ...
Shallow Loss Programs and the 2012 Farm Bill Debate
A signature issue of the 2012 farm bill debate is the addition of a shallow loss program to complement existing crop insurance. Shallow loss programs are included in the farm bills passed by the U.S. Senate and the House Committee on Agriculture. Unless t ...
Non-Harvested Corn and Soybean Acres: Historical Context
The share of acres planted to corn and soybeans that will be harvested in 2012 has emerged as a topic of interest as the U.S. drought has intensified. The topic has garnered even more interest in light of the U.S. Department of Agriculture’s (USDA) August ...
2012 Drought: Yield Loss, Revenue Loss, and Harvest Price Option
This article examines the impact of the 2012 drought on per acre revenue for corn and soybeans compared with the revenue expected in February. The article also examines the impact of crop insurance and, more specifically, the harvest price option, on per ...
2012 Farm Bill Debate: Multiple-Year Risk Assistance Programs
Most farm safety net provisions in the Farm Bills passed by the full Senate and the House of Representative’s Committee on Agriculture can be classified into 3 categories: (1) enhancements to crop insurance, (2) assistance against shallow losses, and (3) ...
Do Volatility Smiles Matter for Pricing Asian Basket Options? The Case of Livestock Gross Margin Insurance for Dairy Cattle
By M. Bozic, J. Newton, C.S. Thraen, B.W. Gould Livestock Gross Margin Insurance for Dairy Cattle (LGM-Dairy) is Asian basket option-like insurance tool that enables U.S. dairy producers to protect income-over-feed-costs margins. While LGM-Dairy rating me ...
Parametric Bootstrap Tests for Futures Price and Implied Volatility Biases with Application to Rating Livestock Margin Insurance for Dairy Cattle
By M. Bozic, J. Newton, C.S. Thraen, B.W. Gould A common approach in the literature, whether the investigation is about futures price risk premiums or biases in option-based implied volatility coefficients, is to use samples in which consecutive observati ...
Student Chapter of the Wildlife Society: Student-Professional Cookout
A restart of the tradition of student and professional interaction that will tempt your tastebuds! ...
Rattan Lal: For sustainability scientist, Ohio State 'is a paradise'
Rattan Lal is Director of the Carbon Management and Sequestration Center. He has received numerous awards and honors, including the Norman Borlaug Award, and was designated Distinguished University Professor by The Ohio State University in 2011. In this v ...