The impact of extreme weather on cattle feeding profits

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Show simple item record Belasco, E. J. Cheng, Y. Schroeder, Ted C. 2016-03-30T01:45:02Z 2016-03-30T01:45:02Z
dc.description Citation: Belasco, E. J., Cheng, Y., & Schroeder, T. C. (2015). The impact of extreme weather on cattle feeding profits. Journal of Agricultural and Resource Economics, 40(2), 285-305. Retrieved from
dc.description While large feedlots commonly hedge corn and fed cattle prices, weather remains the largest uncontrollable component of production risk. This research examines the economic losses to cattle feeding associated with extreme weather. Profit losses are assessed using nonlinear regressions that relate weather outcomes, based on the Comprehensive Climate Index (Mader, Johnson, and Gaughan, 2010), and their impact on production variables. Actuarially fair insurance premium rates are derived for an insurance product designed to mitigate the potential cost of extreme weather. Finally, we discuss additional issues associated with using weather-index insurance products and insuring feedlot cattle against adverse weather.
dc.subject Index Insurance
dc.subject Livestock Production
dc.subject Weather
dc.subject Bos
dc.subject Zea Mays
dc.title The impact of extreme weather on cattle feeding profits
dc.type Article 2015
dc.citation.epage 305
dc.citation.issn 1068-5502
dc.citation.issue 2
dc.citation.jtitle Journal of Agricultural and Resource Economics
dc.citation.spage 285
dc.citation.volume 40
dc.contributor.authoreid tcs

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