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SERA-IEG-31 Annual Meeting on Agricultural Risk and Environmental Management

 

     
 

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SERA-IEG-31 Annual Meeting on Agricultural Risk and Environmental Management
 The Regional Agricultural Experiment Station Project SERA-IEG-31 is an exchange group of the leading economists working on agricultural risk in the United States. They held their annual meeting at Gulf Shores, Alabama on March 22-24, 2001, with the theme title, "A Comprehensive Assessment of the Role of Risk in U.S. Agriculture." The focus of the meetings was to present a through assessment of the importance of risk in agriculture and then to prepare from the proceedings a comprehensive reference book on the economics of agricultural risk. The resulting book, A Comprehensive Assessment of the Role of Risk in U.S. Agriculture is an important and comprehensive reference book on the economics of agricultural risk. It fills a significant gap in the literature since the last major book on this subject was published in 1979 and focused on agriculture in developing countries.

This book defines the current state of knowledge on agricultural risk research, provides a critical evaluation of risk research on U.S. agriculture to date, and sets a research agenda to meet future needs and prospects. The importance of this type of research directly relates to the changing emphasis within agricultural policy in the United States and elsewhere. This shift from explicit income support objectives to risk-related motivations of helping farmers deal with risk was begun in the 1996 farm bill. The primary set of policy instruments for U.S. agriculture shifted from target prices and set-aside acreages to agricultural crop insurance.

Though intervening policy actions have diluted that emphasis, the related risk motivation is likely to be the center of ongoing farm policy debate with free trade agreements and their limitations on distorting price support mechanisms. While this book has specific implications for U.S. agricultural policy, it clearly addresses issues with application abroad. The intent is to inspire further research on agricultural risk and serve as a guide to where the work will be most productive in guiding future policy dialogue. The book is available from Kluwer Academic Publishers, 2002. Contact info: Richard E. Just, University of Maryland, 301-405-1293 or just@arec.umd.edu.

For additional information, visit the group's web page: http://www2.ncsu.edu/unity/lockers/users/p/pfackler/SERA-IEG-31HomePage.html.

The 2002 meeting will be at Gulf Shores State Park, Ala., March 22-23, 2002. 
 
 
       

 

 

 
   
 
 

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