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- Author: United States Department of Agriculture
- Publisher: CreateSpace Independent Publishing Platform
- Year: 2014
- Pages: 30
- ISBN-10: 1505399459
- ISBN-13: 9781505399455
- Format: 21.6 x 28 x 0.2 cm, softcover
- Language: English
- SAVE -10% with code: EXTRA
Livestock Gross Margin-Dairy Insurance (e-book) (used book) | bookbook.eu
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Description
Public risk management policies for dairy producers have the potential to induce expan-sion in milk supplies, which might lower farm-level prices and offset risk-reduction benefits. An evaluation of USDA's Livestock Gross Margin-Dairy (LGM-Dairy) insur-ance program finds economic downside risk significantly reduced, with potential to induce modest supply expansion (0 to 3 percent) if widely adopted. Supply impacts are likely limited due to relatively low participation levels and a minimal ("inelastic") supply response to risk. LGM-Dairy is more flexible and convenient than other risk management tools, such as hedging directly in futures or options markets, especially for small farms.
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- Author: United States Department of Agriculture
- Publisher: CreateSpace Independent Publishing Platform
- Year: 2014
- Pages: 30
- ISBN-10: 1505399459
- ISBN-13: 9781505399455
- Format: 21.6 x 28 x 0.2 cm, softcover
- Language: English English
Public risk management policies for dairy producers have the potential to induce expan-sion in milk supplies, which might lower farm-level prices and offset risk-reduction benefits. An evaluation of USDA's Livestock Gross Margin-Dairy (LGM-Dairy) insur-ance program finds economic downside risk significantly reduced, with potential to induce modest supply expansion (0 to 3 percent) if widely adopted. Supply impacts are likely limited due to relatively low participation levels and a minimal ("inelastic") supply response to risk. LGM-Dairy is more flexible and convenient than other risk management tools, such as hedging directly in futures or options markets, especially for small farms.
Reviews