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Economics and Management of Risk in Agriculture and Natural Resources


Annual Meeting of SERA-IEG-31

Gulf Shores State Park,
Gulf Shores, Alabama

March 20-22, 2003

Jeffrey Gillespie (Louisiana State U.), Chair

Barry J. Barnett (U. of Georgia), Program Chair

C. Robert Taylor (Auburn U.), Local Arrangements Chair

Dan McLemore (U. of Tennessee) & Dan Smith (Clemson U.), Administrative Advisors

For Special Funding We Thank: National Crop Insurance Services and National Cotton Council.

March 20 - Thursday

6:00 pm

Welcome Reception
March 21 - Friday


Welcome and Introductions
Invited Presentation: Risk, Rationality, and Arbitrage - Jason Shogren, University of Wyoming.
Risk Aversion in the Presence of Background Risk: Evidence from the Lab - Jayson Lusk, Mississippi State University.

9:45 - 10:00  Break

10:00 - 11:30

Attachment Values and Risk Aversion - Lindon Robison, Michigan State University.
Playing with Fire: Risky Tradeoffs in Vegetation Management - Jonathan Yoder, Washington State University.
Developing an Alternative Risk Behavioral Construct for the Optimal Farm Debt Model Using the Location-Scale Parameter Condition - Carl Nelson, University of Illinois.

11:30 - 1:00 pm  Lunch

1:00 - 2:30

Consistent Estimation of Errors-In-Variables Models in a Homogeneous System: Perspectives from a Production System - Rulon Pope, Brigham Young University.
Hedging with Individual and Index-Based Contracts - Olivier Mahul, Institut National de la Recherche Agronomique.
Disease Risk Insurance Products for Livestock and Poultry Producers - John Green, USDA/APHIS.

2:30 - 3:00  Break

3:00 - 5:00

Comparison of Value-at-Risk and Conditional Value-at-Risk in Evaluating Crop Insurance Alternatives - Gary Schnitkey, University of Illinois.
Policy Interactions and Conflicts with U.S. Milk Hedging Effectiveness - Leigh Maynard, University of Kentucky.
Producer Participation in the Dairy Options Pilot Program - Monte Vandeveer, USDA/ERS.
An Empirical Analysis of the Private Insurance Companies in the U.S. Crop Insurance Program - Alan Ker, University of Arizona.

March 22 - Saturday

8:00 - 9:30 am

Evaluating the Mutual Effect of Input Use on Production Risk and Inefficiency: An Application to Cotton Cropping Systems - Jim Larson, University of Tennessee.
Participation in the Flood Insurance Program: Results of a Survey in Coastal Areas - Warren Kriesel, University of Georgia.
Counseling and Mortgage Termination by Low-Income Households - Valentina Hartarska, Auburn University.

9:30 - 10:00  Break

10:00 - 11:00

Efficiency of Weather Derivatives for Agricultural Risk Management - Dmitry Vedenov, University of Georgia.
Identification of Beef Producer Segments Based on Preferences for Livestock Revenue Insurance - Deacue Fields, Auburn University.

11:00 - 11:30

Business Meeting.

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