000105548 001__ 105548
000105548 005__ 20180122215237.0
000105548 037__ $$a1835-2016-149412
000105548 037__ $$a1835-2016-149792
000105548 041__ $$aen
000105548 245__ $$aModeling Stochastic Crop Yield Expectations with a Limiting Beta Distribution
000105548 260__ $$c2011-04
000105548 269__ $$a2011-04
000105548 300__ $$a15
000105548 336__ $$aJournal Article
000105548 520__ $$aThe use of plausible stochastic price processes in price risk analysis has allowed advances
not seen in crop yield risk analysis. This study develops a stochastic process for yield
modeling and risk management. The Pólya urn process is an internally consistent dynamic
representation of yield expectations over a growing season that accommodates agronomic
events such as growing degree days. The limiting distribution is the commonly used beta
distribution. Binomial tree analysis of the process allows us to explore hedging decisions
and crop valuation. The method is empirically flexible to accommodate alternative
assumptions on the growing environment, such as intra-season input decisions.
000105548 542__ $$fLicense granted by Mengyao Luan (luanx012@umn.edu) on 2011-06-01T20:42:53Z (GMT):

<center>  <h2> Deposit Agreement </h2> </center>
I represent that I am the creator of the digital material identified herein (&ldquo;Work&rdquo;).
I represent that the work is original and that I either own all rights of copyright 
or have the right to deposit the copy in a digital archive such as AgEcon Search. 
I represent that in regard to any non-original material included in the Work I have
secured written permission of the copyright owner (s) for this use or believe this 
use is allowed by law. I further represent that I have included all appropriate 
credits and attributions. I hereby grant the Regents of the University of Minnesota
(&ldquo;University&rdquo;), through AgEcon Search, a non-exclusive right to access, reproduce, 
and distribute the Work, in whole or in part, for the purposes of security, preservation,
and perpetual access. I grant the University a limited, non-exclusive right to make
derivative works for the purpose of migrating the Work to other media or formats in
order to preserve access to the Work. I do not transfer or intend to transfer any 
right of copyright or other intellectual property to the University. If the Deposit 
Agreement is executed by the Author�s Representative, the Representative shall separately
execute the following representation: I represent that I am authorized by the Author
to execute this Deposit Agreement on behalf of the Author.

000105548 650__ $$aCrop Production/Industries
000105548 6531_ $$acrop abandonment
000105548 6531_ $$acrop insurance
000105548 6531_ $$aderivative analysis
000105548 6531_ $$agrowing degree days
000105548 6531_ $$aPólya’s urn
000105548 6531_ $$astochastic process
000105548 700__ $$aHennessy, David A.
000105548 773__ $$dApril 2011$$jVolume 36$$kNumber 1$$o191$$q177$$tJournal of Agricultural and Resource Economics
000105548 8564_ $$s377959$$uhttp://ageconsearch.umn.edu/record/105548/files/JARE_Apr2011__11_pp177-191_Hennessy.pdf
000105548 887__ $$ahttp://purl.umn.edu/105548
000105548 909CO $$ooai:ageconsearch.umn.edu:105548$$pGLOBAL_SET
000105548 912__ $$nSubmitted by Mengyao Luan (luanx012@umn.edu) on 2011-06-01T20:46:07Z
No. of bitstreams: 1
JARE,Apr2011,#11,pp177-191,Hennessy.pdf: 377959 bytes, checksum: cf439b3338c250d6cf7ca90be4856195 (MD5)
000105548 912__ $$nMade available in DSpace on 2011-06-01T20:46:08Z (GMT). No. of bitstreams: 1
JARE,Apr2011,#11,pp177-191,Hennessy.pdf: 377959 bytes, checksum: cf439b3338c250d6cf7ca90be4856195 (MD5)
  Previous issue date: 2011-04
000105548 982__ $$gJournal of Agricultural and Resource Economics>Volume 36, Number 1, April 2011
000105548 980__ $$a1835