文章基本信息

标题：Livestock Gross Margin-Dairy Insurance: An Assessment of Risk Management and Potential Supply Impacts
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作者：Mosheim, Roberto ; Blaney, Don ; Burdine, Kenny 等
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2014
出版社：Food Distribution Research Society
摘要：Public risk management policies for dairy producers have the potential to induce expansion 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) insurance 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.
关键词：dairy;gross margins;risk management;LGM-Dairy;insurance;milk supplies;livestock