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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 25-27, 2004

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

Scott W. Fausti (South Dakota State U.), Program Chair

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

Dan McLemore (U. of Tennessee), Administrative Advisor

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

March 25 - Thursday

6:00 - 8:00 pm

Welcome Reception
March 26 - Friday

8:00 - 8:20 am

Welcome and Introductions
8:20 - 9:00
Managing Nitrogen Price Risk through Forward Contracting - Huang and Magleby, USDA/ERS.

9:00 - 9:40

Risk and the Economic Incentive to Retain Ownership of Steer Calves - Fausti, Johnson, Epperson, and Grathwohl, South Dakota State University.

9:40 - 10:00  Break

10:00 - 10:40

Effect of Revenue Insurance on Entry and Exit Decisions in Table Grape Production: A Real Option Approach - Seo, Salin, Leatham, and Mitchell, Texas A&M University.

10:40 - 11:20

When to get In or Out of Dairy Farming: A Real Option Analysis - Loren Tauer, Cornell University.

11:20 - noon

Testing for the Markov and Time Homogeneity Properties of Farm Credit Migration Rates - Deng, Escalante and Barry, Univ. of Georgia and Univ. of Illinois.

noon - 1:20 pm  Lunch

1:20 - 2:00

Risk Attitudes of Agricultural Producers/Consumers - Jack Meyers, Michigan State University.

2:00 - 2:40

Behavior, Production and Competition - Just and Zilberman, Cornell Univ. and Univ. of California

2:40 - 3:00  Break

3:00 - 3:40

Economic Modeling Effort for Brucellosis Outbreaks in Cattle Herds in the Greater Yellowstone Area - Buschena, Kiesel, and Watts, Montana State University.

3:40 - 4:20

Pathway Risk and Consequence Analysis for Livestock Diseases - Green and Forsythe, USDA/Fort Collins, CO.

4:20 - 5:00

Economics and Management of Risk in Agriculture and Natural Resources: Simetar Software Demonstration Free Software Provided - Richardson and Schumann, Texas A&M University.

March 27 - Saturday

8:00 - 8:40 am

Effects of Federal Risk Management Programs on Land Allocation and Input Use - Seo, Mitchell, and Leatham, Texas A&M University.

8:40 - 9:20

Fraud Detection in Federal Crop Insurance - Atwood and Robison-Cox, Montana State University.

9:20 - 10:00

Long-Term Agricultural Risk Management: Crop Insurance vs. Savings and Borrowings - Miranda and Vedenov, Ohio State Univ. and Univ. of Georgia.

10:00 - 10:20  Break

10:20 - 11:00

Relationships among Crop Revenue Risk, Government Program Payments, and Crop Insurance Payments - Sherrick, Schnitkey, Irwin, and Hauser, Univ. of Illinois.

11:00 - 11:30

Business Meeting.

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