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Social and Behavioral Sciences Commons

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Economics

Selected Works

William Edwards

Risk

Articles 1 - 9 of 9

Full-Text Articles in Social and Behavioral Sciences

Sharing Financial Risk Through Flexible Farm Lease Agreements, William M. Edwards, Chad E. Hart Jul 2016

Sharing Financial Risk Through Flexible Farm Lease Agreements, William M. Edwards, Chad E. Hart

William Edwards

A simulation model representing a north central U.S. corn and soybean farm was used to estimate the degree of financial risk borne by the tenant and the landlord under 10 different types of flexible cash leases. Probability distributions for yields, prices and production costs were incorporated. Measures of risk included standard deviation of profits, probability of loss, and 10th percentile value at risk. A profit sharing lease that included rent adjustments for all three variables shifted the most risk from the tenant to the landowner, and reduced the tenant's probability of incurring an economic loss from 51 percent to 37 …


Sharing Financial Risk Through Flexible Farm Lease Agreements, William M. Edwards, Chad E. Hart Jul 2016

Sharing Financial Risk Through Flexible Farm Lease Agreements, William M. Edwards, Chad E. Hart

William Edwards

A simulation model representing a north central U.S. corn and soybean farm was used to estimate the degree of financial risk borne by the tenant and the landlord under 10 different types of flexible cash leases. Probability distributions for yields, prices and production costs were incorporated. Measures of risk included standard deviation of profits, probability of loss, and 10th percentile value at risk. A profit sharing lease that included rent adjustments for all three variables shifted the most risk from the tenant to the landowner, and reduced the tenant's probability of incurring an economic loss from 51 percent to 37 …


Iowa Farmers' Decisions To Enroll In The Average Crop Revenue Election (Acre) Program, William M. Edwards Jul 2016

Iowa Farmers' Decisions To Enroll In The Average Crop Revenue Election (Acre) Program, William M. Edwards

William Edwards

In 2009 Iowa farmers who had at least some land enrolled in the existing DCP program offered by FSA were given the opportunity to switch to an alternative called ACRE. Despite having access to information about the program and utilizing electronic decision aids, only 27.5% of the operators surveyed enrolled at least one farm in ACRE. Those who did enroll cited a desire for more risk protection and a belief that payments from ACRE would exceed the value of the direct payments they had to give up. The primary reasons operators gave for not enrolling were the program was too …


Sharing Financial Risk Through Flexible Farm Lease Agreements, William M. Edwards, Chad E. Hart Jul 2016

Sharing Financial Risk Through Flexible Farm Lease Agreements, William M. Edwards, Chad E. Hart

William Edwards

A simulation model representing a north central U.S. corn and soybean farm was used to estimate the degree of financial risk borne by the tenant and the landlord under 10 different types of flexible cash leases. Probability distributions for yields, prices and production costs were incorporated. Measures of risk included standard deviation of profits, probability of loss, and 10th percentile value at risk. A profit sharing lease that included rent adjustments for all three variables shifted the most risk from the tenant to the landowner, and reduced the tenant's probability of incurring an economic loss from 51 percent to 37 …


Iowa Farmers' Decisions To Enroll In The Average Crop Revenue Election (Acre) Program, William M. Edwards Jul 2016

Iowa Farmers' Decisions To Enroll In The Average Crop Revenue Election (Acre) Program, William M. Edwards

William Edwards

In 2009 Iowa farmers who had at least some land enrolled in the existing DCP program offered by FSA were given the opportunity to switch to an alternative called ACRE. Despite having access to information about the program and utilizing electronic decision aids, only 27.5% of the operators surveyed enrolled at least one farm in ACRE. Those who did enroll cited a desire for more risk protection and a belief that payments from ACRE would exceed the value of the direct payments they had to give up. The primary reasons operators gave for not enrolling were the program was too …


Sharing Financial Risk Through Flexible Farm Lease Agreements, William M. Edwards, Chad E. Hart Jul 2016

Sharing Financial Risk Through Flexible Farm Lease Agreements, William M. Edwards, Chad E. Hart

William Edwards

A simulation model representing a north central U.S. corn and soybean farm was used to estimate the degree of financial risk borne by the tenant and the landlord under 10 different types of flexible cash leases. Probability distributions for yields, prices and production costs were incorporated. Measures of risk included standard deviation of profits, probability of loss, and 10th percentile value at risk. A profit sharing lease that included rent adjustments for all three variables shifted the most risk from the tenant to the landowner, and reduced the tenant's probability of incurring an economic loss from 51 percent to 37 …


Iowa Farmers' Decisions To Enroll In The Average Crop Revenue Election (Acre) Program, William M. Edwards Jul 2016

Iowa Farmers' Decisions To Enroll In The Average Crop Revenue Election (Acre) Program, William M. Edwards

William Edwards

In 2009 Iowa farmers who had at least some land enrolled in the existing DCP program offered by FSA were given the opportunity to switch to an alternative called ACRE. Despite having access to information about the program and utilizing electronic decision aids, only 27.5% of the operators surveyed enrolled at least one farm in ACRE. Those who did enroll cited a desire for more risk protection and a belief that payments from ACRE would exceed the value of the direct payments they had to give up. The primary reasons operators gave for not enrolling were the program was too …


Sharing Financial Risk Through Flexible Farm Lease Agreements, William M. Edwards, Chad E. Hart Jul 2016

Sharing Financial Risk Through Flexible Farm Lease Agreements, William M. Edwards, Chad E. Hart

William Edwards

A simulation model representing a north central U.S. corn and soybean farm was used to estimate the degree of financial risk borne by the tenant and the landlord under 10 different types of flexible cash leases. Probability distributions for yields, prices and production costs were incorporated. Measures of risk included standard deviation of profits, probability of loss, and 10th percentile value at risk. A profit sharing lease that included rent adjustments for all three variables shifted the most risk from the tenant to the landowner, and reduced the tenant's probability of incurring an economic loss from 51 percent to 37 …


Iowa Farmers' Decisions To Enroll In The Average Crop Revenue Election (Acre) Program, William M. Edwards Jul 2016

Iowa Farmers' Decisions To Enroll In The Average Crop Revenue Election (Acre) Program, William M. Edwards

William Edwards

In 2009 Iowa farmers who had at least some land enrolled in the existing DCP program offered by FSA were given the opportunity to switch to an alternative called ACRE. Despite having access to information about the program and utilizing electronic decision aids, only 27.5% of the operators surveyed enrolled at least one farm in ACRE. Those who did enroll cited a desire for more risk protection and a belief that payments from ACRE would exceed the value of the direct payments they had to give up. The primary reasons operators gave for not enrolling were the program was too …