Economics and Management of Risk in Agriculture and Natural Resources
Program
Annual Meeting of SERA-IEG-31
Gulf Shores State Park,
Gulf Shores, Alabama
March 25-27, 2004
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
8:00 - 8:20 am
- Welcome and Introductions
- 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.
