scholarly journals Farmer Participation, Entry and Exit Decisions in the Italian Crop Insurance Programme

2016 ◽  
Vol 67 (3) ◽  
pp. 639-657 ◽  
Author(s):  
F. G. Santeramo ◽  
B. K. Goodwin ◽  
F. Adinolfi ◽  
F. Capitanio
Author(s):  
Youngjune Kim ◽  
Jisang Yu ◽  
Dustin L Pendell

AbstractOver the last two decades, the US federal crop insurance programme expanded rapidly. Despite growing importance of crop insurance programmes, little is known about the relationship between crop insurance and disinvestment and exit decisions of farms. Using a farm-level panel dataset, we parametrically and semi-parametrically estimate the effects of crop insurance on farm disinvestment and farm exits with carefully developed identification strategies. Our estimation results indicate that (i) crop insurance reduces the likelihood of farm exits and (ii) lowers the magnitude of farm disinvestment. The positive and significant effects of crop insurance on farm survival and disinvestment remain robust across different specifications.


2000 ◽  
Vol 37 (2) ◽  
pp. 547-559 ◽  
Author(s):  
J. Kate Duckworth ◽  
Mihail Zervos

We consider an investment model which generalizes a number of models that have been studied in the literature. The model involves entry and exit decisions as well as decisions relating to production scheduling. We then address the problem of its valuation from the standpoint of the dynamic programming approach. Our analysis results in a closed form analytic solution that can take qualitatively different forms depending on parameter values.


2008 ◽  
Vol 29 (6) ◽  
pp. 503-512 ◽  
Author(s):  
Man K. Leung ◽  
Trevor Young ◽  
Michael K. Fung

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