Effects of price insurance programs on supply responses: a case study of corn farmers in Quebec

dc.contributor.authorMosadegh Sedghy, Bahareh
dc.contributor.authorTamini, Lota D.
dc.contributor.authorLambert, Rémy
dc.date.accessioned2019-05-23T18:28:06Z
dc.date.available2019-05-23T18:28:06Z
dc.date.issued2018
dc.descriptionOpen access article. Creative Commons Attribution 4.0 License (CC BY 4.0) applies.en_US
dc.description.abstractAims: This study examines the supply response of corn in the province of Quebec. Study Design: A time series design is implemented. Place and Duration of Study: Our analysis covers the period from 1985 to 2013 and uses the data of corn production in the province of Quebec. Methodology: A generalised autoregressive conditional heteroskedasticity (GARCH) process is used to model output price expectations and its volatility. Results: We found that application of the Farm Income Stabilisation Insurance in Quebec neutralises the adverse effects of price volatilities on corn production and generates a market power for corn producers. The change in the producers' attitude towards risk is other implication of the insurance program. Conclusion: These results imply that implementation of the insurance program in the province of Quebec leads to an increase of corn production and consequently this increase in production can impose more compensation cost (paid by the insurance program) to governments.en_US
dc.description.peer-reviewYesen_US
dc.identifier.citationMosadegh Sedghy, B., Tamini, L. D., & Lambert, R. (2018). Effects of price insurance programs on supply response: A case study of corn farmers in Quebec. Asian Research Journal of Agriculture, 10(1), 1-14. doi: 10.9734/ARJA/2018/45892en_US
dc.identifier.urihttps://hdl.handle.net/10133/5368
dc.language.isoen_USen_US
dc.publisherSCIENCEDOMAIN Internationalen_US
dc.publisher.facultyManagementen_US
dc.publisher.institutionUniversity of Lethbridgeen_US
dc.publisher.institutionUniversite Lavalen_US
dc.publisher.urlhttps://doi.org/10.9734/ARJA/2018/45892
dc.subjectPrice volatilityen_US
dc.subjectGARCHen_US
dc.subjectCorn supply responseen_US
dc.subjectEffective priceen_US
dc.subjectMarket priceen_US
dc.subjectCorn production
dc.subjectCorn producers
dc.subjectCorn price
dc.subjectPrice risk
dc.subjectPrice insurance programs
dc.subject.lcshCorn industry--Quebec
dc.subject.lcshCorn--Quebec
dc.subject.lcshCrop insurance--Quebec
dc.subject.lcshCorn--Prices--Quebec
dc.titleEffects of price insurance programs on supply responses: a case study of corn farmers in Quebecen_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Loading...
Thumbnail Image
Name:
Mosadegh-Sedghy-effects-of.pdf
Size:
374.38 KB
Format:
Adobe Portable Document Format
Description:
License bundle
Now showing 1 - 1 of 1
Loading...
Thumbnail Image
Name:
license.txt
Size:
1.75 KB
Format:
Item-specific license agreed upon to submission
Description: