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Business Risk Management Programs and Risk-balancing Behavior in Ontario Hog Sector

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dc.contributor.advisor Sarker, Rakhal Phan, Truc 2018-08-27T15:15:49Z 2018-08-27T15:15:49Z 2018-08 2018-08-13 2018-08-27
dc.description.abstract Agri-food sectors in Canada are supported through safety net programs. CAIS/BRM programs were designed to help producers reduce BR by mitigating negative income shocks and reducing income variability. Nevertheless, according to the risk-balancing hypothesis, farms may take more FR in response to a reduction in BR as a result of program payments. If we find evidence of such behavior, risk-reduction efforts of CAIS/BRM programs may not generate intended outcomes. This thesis employs OFID tax-filing data over the 2003-2014 period to estimate the extent of risk-balancing in the Ontario hog sector as a result of AgriStability payments under CAIS/BRM. We find that that AgriStability payments were effective in reducing BR for medium and large farms but not small farms. Controlling for other determinants of financial risk, our log-log fixed-effects regression provides evidence of risk-balancing for medium and large farms in Ontario hog sector. en_US
dc.description.sponsorship OMAFRA en_US
dc.language.iso en en_US
dc.rights Attribution-NonCommercial-NoDerivs 2.5 Canada *
dc.rights.uri *
dc.subject risk balancing en_US
dc.subject Ontario hog sector en_US
dc.title Business Risk Management Programs and Risk-balancing Behavior in Ontario Hog Sector en_US
dc.type Thesis en_US Food, Agriculture and Resource Economics en_US Master of Science en_US Department of Food, Agricultural and Resource Economics en_US
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Attribution-NonCommercial-NoDerivs 2.5 Canada Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 2.5 Canada