Eunchun Park
YOU?
Author Swipe
View article: Evaluating Feral Swine Eradication and Control Pilot Program Impact on Crop Indemnities
Evaluating Feral Swine Eradication and Control Pilot Program Impact on Crop Indemnities Open
The 2018 Farm Bill established the Feral Swine Eradication and Control Pilot Program (FSCP), which was focused on removing feral hogs and restoring damaged property. We conduct a quasi‐experimental analysis of FSCP on crop damage using cro…
View article: Determinants of Market Participation among Milk Producers in Kyrgyzstan
Determinants of Market Participation among Milk Producers in Kyrgyzstan Open
Numerous studies have been conducted to comprehend the economic importance of market participation for producers. However, a significant gap remains, particularly in Central Asia. This study assesses market participation drivers for Kyrgyz…
View article: A Markov regime-switching event response model: beef price spread response to processing capacity shocks
A Markov regime-switching event response model: beef price spread response to processing capacity shocks Open
This research introduces a new method for event studies in time-series analysis named the Markov regime-switching event response model (MS-ERM). The MS-ERM is a comprehensive approach that integrates two different event study approaches: 1…
View article: Estimating prevented planting coverage factor variation
Estimating prevented planting coverage factor variation Open
Prevented planting payments reimburse crop producers for losses from not being able to plant. These payments provide critical protection to producers; however, these payments, which are determined using a nationwide, crop-specific coverage…
View article: Exploring calendar effects: the impact of WASDE releases on grain futures market volatility
Exploring calendar effects: the impact of WASDE releases on grain futures market volatility Open
The monthly issuance of the World Agriculture Supply and Demand Estimates (WASDE) by the United States Department of Agriculture (USDA) plays a pivotal role in shaping market dynamics through its comprehensive projections and assessments o…
View article: Using Data from Uniform Rate Applications for Site-Specific Nitrogen Recommendations
Using Data from Uniform Rate Applications for Site-Specific Nitrogen Recommendations Open
Much historical yield-monitor data is from fields where a uniform rate of nitrogen was applied. A new approach is proposed using this data to get site-specific nitrogen recommendations. Bayesian methods are used to estimate a linear platea…
View article: Feeder and fed cattle purchases of livestock risk protection
Feeder and fed cattle purchases of livestock risk protection Open
Purpose Premium subsidy rates were increased in 2019 and 2020 for livestock risk protection (LRP) insurance, which is price insurance for cattle producers. The authors examined if the LRP subsidy rate changes affected the LRP coverage leve…
View article: Mitigating Price and Yield Risk Using Revenue Protection and Agriculture Risk Coverage
Mitigating Price and Yield Risk Using Revenue Protection and Agriculture Risk Coverage Open
This article evaluates Agriculture Risk Coverage (ARC) and Revenue Protection (RP) used in conjunction as an optimal risk management strategy for representative producers in the Corn Belt and Mississippi Delta. Using a simulation procedure…
View article: Deriving Theoretically Sound Price Series for Hypothetical Futures Contracts
Deriving Theoretically Sound Price Series for Hypothetical Futures Contracts Open
Changing the underlying spot prices that a futures contract is based upon is sometimes considered. However, it is uncertain whether the new contract will outperform the existing contract until it is implemented. A tool that could derive a …
View article: Serially Dependent Extreme Events in Agricultural Commodity Futures Markets
Serially Dependent Extreme Events in Agricultural Commodity Futures Markets Open
Extreme price changes have become increasingly common in agricultural commodity futures markets. Many empirical studies have shown that agricultural commodity futures returns are not normally distributed and are heavy-tailed. However, most…
View article: Using Bayesian Spatial Smoothing and Extreme Value Theory to Develop Area-Yield Crop Insurance Rating
Using Bayesian Spatial Smoothing and Extreme Value Theory to Develop Area-Yield Crop Insurance Rating Open
Rating of insurance premiums depends on the probability of events in the tail of the distribution. Extreme value theory provides a promising way to assess tail risk. We assume that crop yield follows a Generalized Pareto Distribution (GPD)…