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A New Risk Management Tool for Crop Producers. (2015). Hayes, Dermot.
In: Center for Agricultural and Rural Development (CARD) Publications.
RePEc:ias:cpaper:apr-fall-2015-1.

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  1. “China Agriculture Statistical Yearbook – 2009” China Agriculture Press, available at http://tongji.cnki.net/overseas/engnavi/ HomePage.aspx?id=N2010060192&name= YZGNV&floor=1.
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  2. Data Sources National Bureau of Statistics of the People’s Republic of China, 2008, “Second National Census of Agriculture in China, 2006”, available online at http://www.stats. gov.cn/tjsj/tjgb/nypcgb/qgnypcgb/ 200802/ t20080221_30461.html (in Chinese).
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  3. His interest in economic development and environmental science took him from Fudan University in Shanghai, which only admitted 40 students out of 750,000 highschool graduates in Shandong provinces, to Ohio State University. Wendong earned his master’s in economics in 2012, then through the advice of his academic advisor, he entered the environmental science graduate program and earned his PhD in agricultural, environmental, and developmental economics in 2015. “Looking back, I feel a complete arc— I still feel very connected to my agricultural and environmental background,” he said.
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  4. Rural Social and Economic Investigation Division, National Bureau of Statistics of the People’s Republic of China, 2011, “China Rural Statistical Yearbook, 2011”, China Statistics Press, available at http://tongji.cnki.net/overseas/engnavi/ HomePage.aspx?id=N2011110092&name= YMCTJ&ϔloor=1.
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  5. Surveys were conducted each year from 2002 to 2005, then again in 2009, and most recently in 2014. The information collected in the most recent household level survey is the subject of this review. Speci ically, we consider how the current usage of Iowa’s lakes compares to usage in previous years.
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  6. Table 1 shows the 10 most popular lakes and estimated annual household trips. Saylorville Lake was the most visited lake in 2014 with over a half-million visitors. The survey results show that many of the most popular lakes are located in urban areas (e.g., Saylorville Lake, Clear Lake, Gray Lake, and Big Creek Lake are all located in urban areas). While not a measure of the value of these lakes for their enjoyment and addition to the quality of life experienced by Iowans, it is worth noting that visitors to these lakes bring economic activity in the form of spending in retail and service sectors such as fuel costs and food. Based on estimated single-day household trips, we estimate that recreational trips to the 139 surveyed lakes was accompanied by over $800 million of local spending.
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  7. The 2014 survey was mailed to nearly 7,000 Iowa households, about half of whom had responded to prior surveys and the remainder came from households who were not included in earlier surveys. Over 50 percent of surveys were returned, with the majority of respondents between the ages of 35 and 75. This response rate is similar to the rates from the previous years’ surveys.
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  8. Third, the support system for Chinese agricultural producers is not nearly as well-structured or effective as the American system. Since the start of communist rule in 1949, farmers have been marginalized in China’s economic and political system. Before China opened up to a market economy in the late 1970s, a sizeable portion of agricultural proceeds were taken from farmers to support the development of heavy industries. Despite the rapid  Vegetable greenhouses are partially covered with rice straw to aid in temperature control.
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  9. U.S. Census, 2015, “State and County QuickFacts – Iowa”, available at http://quickfacts. census. gov/ qfd/states/19000.html.
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  10. U.S. Department of Agriculture, 2009, “2007 Census of Agriculture: United States – Summary and State Data” Vol.1 Part 51, available at http:// www.agcensus.usda.gov/ Publications/2007/ Full_Report. The U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) Quickstats Database, available at http://quickstats. nass. usda.gov/.
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  11. U.S. Department of Agriculture, 2014, “2012 Census of Agriculture: United States – Summary and State Data” Vol.1 Part 51, available at http:// www.agcensus.usda.gov/Publications/ 2012/ Full_Report.
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  12. World Bank 2015, “Databank by Country – China, 2015” available at http://data.worldbank. org/ country/china.
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  13. World Bank 2015, “Databank by Topic – Agricultural and Rural Development” available at http://data.worldbank.org/topic/agricultureand -rural-development.  / Agricultural Policy Review THERE’S BEEN a lot of news about China in the last few weeks, from their currency devaluation to signi icant stock market luctuations to recent agricultural purchase agreements. Many of these news stories try to address the question of the importance of China to the US economy and assess the impact of Chinese economic shifts on the United States. For agriculture, the importance of the Chinese market has grown signi icantly over the past decade; however, the impact is targeted at speci ic sectors within agriculture.
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