Agricultural Finance Review: Volume 76 Issue 1

The US crop insurance program and WTO disciplines

Joseph William Glauber

The purpose of this paper is to examine the US crop insurance programs in the context of domestic support disciplines under the World Trade Organization (WTO). Crop insurance has…

Big data and Ag-Analytics: An open source, open data platform for agricultural & environmental finance, insurance, and risk

Joshua Woodard

The purpose of this paper is to provide a brief and necessarily partial overview of the design, motivation, and use of the Ag-Analytics platform (ag-analytics.org), focussing on…

Quantitative finance for agricultural commodities: discussion and extension

Gabriel J. Power

– The purpose of this paper is to review three papers in this issue and contribute new results on commodity futures prices and volume using wavelet analysis.

Financial engineering in pricing agricultural derivatives based on demand and volatility

Hirbod Assa

The purpose of this paper is twofold. First, the author proposes a financial engineering framework to model commodity prices based on market demand processes and demand functions…

An autoregressive approach to modeling commodity prices as a quasi-fractional Brownian motion

Calum G. Turvey, Paitoon Wongsasutthikul

The purpose of this paper is to argue that a stationary-differenced autoregressive (AR) process with lag greater than 1, AR(q > 1), has certain properties that are…

Time scale and fractionality in financial time series

Thomas W. Sproul

Turvey (2007, Physica A) introduced a scaled variance ratio procedure for testing the random walk hypothesis (RWH) for financial time series by estimating Hurst coefficients for a…

Adoption and impact of index-insurance and credit for smallholder farmers in developing countries: A systematic review

Ana Marr, Anne Winkel, Marcel van Asseldonk, Robert Lensink, Erwin Bulte

The purpose of this paper is to review the most recent scientific literature on the determinants explaining the demand for index-insurance, the impact of index-insurance and the…

Building insurance through an NGO: Approaches and experiences from a rice insurance pilot in Haiti

Marie-Christine Bélanger

This paper is based on a crop insurance implementation currently undergoing in Haiti. The purpose of this paper is to present the development of a program tailored to rice…

The risk and return of farm real estate and the “bad data problem”

Todd Kuethe

The purpose of this paper is to explore the consequences of appraisal smoothing in the estimation of the risks and returns of farm real estate. It examines the degree to which the…

Price and volatility transmissions between natural gas, fertilizer, and corn markets

Xiaoli Liao Etienne, Andrés Trujillo-Barrera, Seth Wiggins

The purpose of this paper is to investigate the price and volatility transmission between natural gas, fertilizer (ammonia), and corn markets, an issue that has been traditionally…

Hedging crop yield with exchange-traded weather derivatives

Rui Zhou, Johnny Siu-Hang Li, Jeffrey Pai

The application of weather derivatives in hedging crop yield risk is gaining more interest. However, the further development of weather derivatives – particularly exchange-traded…

Introduction – 2014 International Agricultural Risk, Finance, and Insurance Conference (IARFIC)

Lysa Porth, Ken Seng Tan