Effects of Price Insurance Programs on Supply Response: A Case Study of Corn Farmers in Quebec
Bahareh Mosadegh Sedghy, Lota D. Tamini, Rémy Lambert
Asian Research Journal of Agriculture · pp. 1–14 · Published 5 Dec 2018
10.9734/ARJA/2018/45892Abstract
Aims: 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.
Cited by 1
Askar Choudhury, James Jones, Michael Opare-Addo · Journal of African Business · 2020
Related research
- Modeling Temporal Variation of Particulate Matter Concentration at Three Different Locations of Delhi — shares topic coverage
- Forecasting of the Nigeria Stock Returns Volatility Using GARCH Models with Structural Breaks — shares topic coverage
- Does the Volatility of Exchange Rate Affect the Economic Performance of Countries in the West African Monetary Zone? A Case of Nigeria and Ghana — shares topic coverage
- Analysing the Exchange Rate Volatility Relative to Trade Balance: The Case of SACU Countries — shares topic coverage
- Modeling Exchange Rate and Nigerian Deposit Money Market Dynamics Using Trivariate form of Multivariate GARCH Model — shares topic coverage
Article metrics
Real usage data collected on this platform.
0
Page views
0
PDF downloads
0
Outbound clicks
1
Citations
Views by country
Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".
No views recorded yet.
Traffic sources
Referring site, by host.
No traffic recorded yet.
Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.