Programme:

CONFERENCE AGENDA - AT A GLANCE

Sunday June 16, 2013

Time	Room	Event
18:00 - 20:00	Arbutus Foyer	*Conference Registration*

Monday June 17, 2013

Time	Room	Event
07:00 - 17:30	Arbutus Foyer	*Conference Registration*
07:00 - 08:00	Arbutus Foyer	*Coffee and Light Breakfast Snacks*
08:00 - 09:15	Arbutus	*Opening Ceremony (Media Welcome)*
09:15 - 09:45	Arbutus	*Keynote Address*
09:45 - 10:30	Arbutus	*Discussion Panel No 1*
10:30 - 10:45	Arbutus Foyer	*Refreshments Break*
10:45 - 11:45		*Breakout Session I*
11:45 - 12:30	Arbutus	*Discussion Panel No 2*
12:30 - 13:30	Arbutus Foyer	*Lunch*
13:30 - 14:30		*Breakout Session II*
14:30 - 15:00	Arbutus	*Keynote Address*
15:00 - 15:45	Arbutus	*Discussion Panel No 3*
15:45 - 16:00	Arbutus Foyer	*Refreshments Break*
16:00 - 17:20		*Breakout Session III*
18:30 - 19:30	*Seasons*	*Reception*
19:30 - 22:30	*Seasons*	*Gala Dinner*

Tuesday June 18, 2013

Time	Room	Event
07:00 - 13:00	Arbutus Foyer	*Conference Registration*
07:00 - 08:00	Arbutus Foyer	*Coffee and Light Breakfast Snacks*
08:00 - 08:45	Arbutus	*Discussion Panel No 4*
08:45 - 09:45		*Breakout Session IV*
09:45 - 10:15	Arbutus Foyer	*Refreshments Break*
10:15 - 10:45	Arbutus	*Keynote Address*
10:45 - 11:30	Arbutus	*Discussion Panel No 5*
11:30 - 12:00	Arbutus	*Closing Ceremony*
12:00 - 13:00	Arbutus Foyer	*Lunch*
13:30 - 17:15		*Post-Conference Field Trip*

CONFERENCE AGENDA - DETAILED

Sunday June 16, 2013

Time	Room	Event
18:00 - 20:00	Arbutus Foyer	*Conference Registration*

Monday June 17, 2013

Time	Room	Event
07:00 - 17:30	Arbutus Foyer	*Conference Registration*
07:00 - 08:00	Arbutus Foyer	*Coffee and Light Breakfast Snacks*
08:00 - 09:15	Arbutus	*Opening Ceremony (Media Welcome)*
08:00 - 08:25		Welcome Remarks Lysa Porth, Assistant Professor and Guy Carpenter Professor in Agricultural Risk Management and Insurance, Warren Centre for Actuarial Studies and Research, University of Manitoba, Manitoba, CANADA. Junsheng Li, Deputy President, Central University of Finance and Economics, Beijing, CHINA.
08:25 - 08:35		“Canadian Agricultural Insurance Outlook” Pierre Lemieux, Parliamentary Secretary to the Minister of Agriculture and Agri-Food Canada.
08:35 - 08:45		“Comprehensively Promote Agriculture Risk Management Boost Stable and Sound Development of Agriculture”, Qingcai Yang, Former Vice Governor of Jilin Province, CHINA; Executive Director, China Agriculture Risk Association.
08:45 - 09:05		“Agricultural Risk Management and Insurance: - A Reinsurer’s View” Michael Roth, Senior Underwriter, Q-Re, Zurich, SWITZERLAND
09:05 - 09:15		Q & A
09:05 - 09:15		Media Questions
09:15 - 09:45	Arbutus	**Keynote Speaker:Martin Odening*, Professor, Department of Agricultural Economics Farm Management Group, Humboldt-Universitat zu, Berlin, GERMANY. “Challenges of Insuring Weather Risk in Agriculture”*
09:45 - 10:30	Arbutus	*Discussion Panel No 1*: The role of climate change and the impact on agricultural risk management and insurance Moderator: Joshua Woodard, Assistant Professor, Charles H. Dyson School of Applied Economics and Management, Cornell University, New York, USA. Discussants: Gary Falk, Director, Business Risk Management Branch, BC Ministry of Agriculture, British Columbia, CANADA. Karen Garrett, Professor, Department of Plant Pathology, Kansas State University, USA. David Sparling, Professor, Operations Management, Chair of Agri-Food Innovation, Ivey Business School, Western University, Ontario, CANADA. G. Cornelis van Kooten, Professor and Canada Research Chair, Department of Economics, University of Victoria, British Columbia, CANADA. Ian Nichols, President, Weather Innovations, Ontario, CANADA.
10:30 - 10:45	Arbutus Foyer	*Refreshments Break* *– Sponsored by MARSH*
10:45 - 11:45		*Breakout Session I*
	Oak	Moderator: Wenjun Long, Research Center for Rural Economy in Ministry of Agriculture in China, CHINA. “Weather Insurance for Spring Wheat in Saskatchewan: A New Weather Index and Procedure to Model Demand” - Peter Bell, Robyn McGregor, and G. Cornelis van Kooten, University of Victoria, CANADA. “Improving Crop Yields Forecasting Using Weather Data: A Comprehensive Approach Combining Principal Component Analysis and Credibility Model” - Wenjun Zhu, University of Waterloo, CANADA. - Lysa Porth, University of Manitoba, CANADA. - Ken Seng Tan, University of Waterloo, CANADA. “Hedging Weather Risk for Corn Production in Northeastern China: Efficiency of Weather Derivatives” - *Baojing Sun*, Changhao Guo and G. Cornelis van Kooten, University of Victoria, CANADA.
	Aspen	Moderator:Mario J. Miranda, Ohio State University, USA. “How Much Financial Information is in the Historical Cost and Market Valued Balance Sheets?” - Jaclyn D. Kropp, Charles B. Moss, University of Florida, USA. “Business Risk Management Payments and Risk Balancing: Potential Implications for Financial Riskiness of Canadian Farms” - Nicoleta Uzea, Western University, CANADA. - Kenneth Poon, University of Guelph, CANADA. - David Sparling, Western University, CANADA. - Alfons Weersink, University of Guelph, CANADA. “How do Restrictions on Foreign Ownership Affect Price: Farmland in Saskatchewan” - *Peter Bell*, University of Victoria, CANADA.
	Garibaldi	Moderator:Ron Weber,Georg-August University Göttingen, GERMANY. “New Evidence About Risk in Agriculture: Analyzing Output Level and Output Risk in Organic and Conventional Arable Farming in Austria” - *Stefan Moser*, Georg-August University Göttingen, GERMANY. “Asymmetrical Technological Advancement in Crop Production” - Tor Tolhurst, University of Guelph, CANADA. ”Spatial Pattern of Yield Distributions: Implications for Crop Insurance” - Jesse Tack, Francis Annan, Ardian Harri* and Keith Coble, Mississippi State University, USA.*
11:45 - 12:30	Arbutus	*Discussion Panel No 2*: Livestock insurance: successes and challenges Moderator: Keith Coble, W.L. Giles Distinguished Professor of Agricultural Economics, Mississippi State University, Mississippi, USA. Discussants: Rosser Lloyd, Director General, Agriculture and Agri-Food Canada, Ontario, CANADA. Harvey Sasaki, President, Agri-Saki Consulting Ltd., British Columbia, CANADA. Andrew Dickson, General Manager, Manitoba Pork Council, Manitoba, CANADA. Gary Hutchings, Ag Specialty, Aon Benfield London, London, UNITED KINGDOM. Merle Jacobson, CMA - Chief Operating Officer, Operations Division, Agriculture Financial Services Corporation (AFSC)
12:30 - 13:30	Arbutus Foyer	*Lunch –* *Sponsored by Department of Statistics & Actuarial Science, University of Waterloo*
13:30 - 14:30		*Breakout Session II*
	Oak	Moderator: Qiao Zhang, Chinese Academy of Agricultural Sciences, CHINA. “Improvements in Livestock Mortality Insurance Approaches” - *Milton Boyd*, Jeffery Pai, Lysa Porth, University of Manitoba, CANADA. “A Spatial Econometric Approach to Developing Weather-Linked Insurance in the Presence of Missing Data: An Application to Livestock Mortality Insurance in Kenya” - *Joshua Woodard*, Cornell University, USA. “Developing a Beta Mixture Model for Computing Livestock Mortality Insurance Premiums in Canada and Analyzing Frequency of Losses” - *Jon Lim*, University of Waterloo, CANADA. - Lysa Porth, Milton Boyd and Brock Porth, University of Manitoba, CANADA.
	Aspen	Moderator:Jaclyn D. Kropp, Charles B. Moss, University of Florida, USA “Borrower Attitudes, Lender Attitudes and Sannong Agricultural Loan Policy in Rural China” - Rong Kong, Northwest Agricultural and Forestry University, CHINA. - Calum G. Turvey, Xiaolan Xu, Cornell University, USA. - Fei Liu, Northwest Agricultural and Forestry University, CHINA. “A Heterogeneous Agent Model of Credit-Linked Index Insurance and Farm Technology Adoption” - *Mario Miranda*, Kathleen Farrin, Ohio State University, USA. “The Potential of Index-Based Weather Insurance to Mitigate Credit Risk in Agricultural Microfinance” - *Niels Pelka*, Oliver Musshoff; Georg-August University Göttingen, GERMANY.
	Garibaldi	Moderator: G. Cornelis van Kooten, University of Victoria, CANADA. “Empirical Analysis on Farmers’ Agriculture Insurance Purchasing Intention of Hebei Province” - *Wenli Feng*, Yue Bo, Fang Liu, Hebei University of Economics and Business, CHINA. “Measuring Risk Attitudes of Smallholder Farmers in Uganda: How Consistent are Results of Different Methods?” - *Hanna Julia Ihli*, Brian Chiputwa, Golo-Friedrich Bauermeister & Oliver Musshoff, Georg-August University Göttingen, GERMANY. “The Study on Incentive Effects of Agricultural Insurance’s Subsidies under the Social Welfare Maximization” - *Hua Chen*, Qihui Zou and Zhou He, Central University of Finance and Economics, CHINA.
14:30 - 15:00	Arbutus	**Keynote Speaker:Guangwen He**, Professor and Department Head, Department of Finance, and Director of Center for Rural Finance & Microfinance Research, China Agricultural University, CHINA. “How to Deal with the Collateral Risk of Collateral Free Lending in Rural in China”
15:00 - 15:45	Arbutus	*Discussion Panel No 3*: Building financial capital in agricultural insurance markets Moderator: Calum Turvey, W.I. Myers Professor of Agricultural Finance, Charles H. Dyson School of Applied Economics and Management, Cornell University, New York, USA. Discussants: Sanlie Middleberg, Senior Lecturer, School of Accounting Sciences, North-West University, Potchefstroom, SOUTH AFRICA. J.P. Gervais, Chief Economist, Farm Credit Canada, Montreal, CANADA. Qiao Zhang, Professor and Director of Agricultural Information Institute (AII), Chinese Academy of Agricultural Science, Beijing, CHINA. Michael Roth, Senior Underwriter, Q-Re, Zurich, SWITZERLAND. David Oppedahl, Economic Research, Federal Reserve Bank of Chicago, USA.
15:45 - 16:00	Arbutus Foyer	*Refreshments Break*
16:00 - 17:20		*Breakout Session III*
	Oak	Moderator:- Niels Pelka, Georg-August University Göttingen, GERMANY. “How Flexible Repayment Schedules Affect Credit Risk in Microfinance” - *Ron Weber*, Georg-August University Göttingen,, and KfW Development Bank, GERMANY. - Oliver Musshoff, Georg-August University Göttingen, GERMANY. - Martin Petrick, Leibniz Institute of Agricultural Development in Central and Eastern Europe, GERMANY. “The Potential of Management Information System Data for the Development of Credit Scoring Models in Microfinance” - *Ulf Romer*, Georg-August University Gottingen, GERMANY. - Ron Weber, Georg-August University Gottingen, and KfW Development Bank, GERMANY. - Oliver Musshoff, Georg-August University Gottingen, GERMANY. “Source of Income Variability at the Northern Limits of Agricultural Production in Europe” Petri Liesivaara and Sami Myyra, MTT Agrifood Researchz FINLAND “Insurance in Agroecological Landscapes and Social Networks: An Impact Network Analysis” - *Karen A.Garrett*, Kansas State University, USA.
	Aspen	Moderator:Sanlie Middleberg, North-West University, SOUTH AFRICA. “Determining the Effectiveness of Optimal Time-Varying Hedge Ratios for Cattle Feeders under Multiproduct and Single Commodity Settings” - *Hernan A. Tejeda*and Dillon M. Feuz, Utah State University, USA. “The LIT-LDI Conceptual Framework for Modeling the Positive Effects of Livestock I&T System on Development of Livestock Disease Insurance” - *Gou Xueni*, Nanyang Technological University, SINGAPORE. “Risking-sharing Efficiency of Hedging Strategies” - *Changhao Guo*, Baojing Sun and G. Cornelis van Kooten, University of Victoria, CANADA. “Protecting Financial Investment in Agriculture. An Exploratory Study of Agriculture Insurance In Ghana” - Jacob Nunoo, University of Cape Coast, GHANA - Bernard Nana Acheampong, German Development Cooperation, GHANA.
	Garibaldi	Moderator:Guangwen He, China Agricultural University, CHINA “Study on Optimal Risk Sharing Policy of Chinese Crop Insurance: a Case Study from Government Perspective” - *Ke Wang*, Ran Huo and Qiao Zhang, Chinese Academy of Agricultural Sciences, CHINA. “Uncovering the Value of Private Reinsurance Using a Federal-Provincial Reserve Fund Process for Crop Insurance in Canada” - Ryan Samaratunga, University of Waterloo, CANADA. - Lysa Porth, University of Manitoba, CANADA. - Chengguo Weng and Ken Seng Tan, University of Waterloo, CANADA.
18:30 - 19:30	*Seasons*	*Reception*
19:30 - 22:30	*Seasons*	*Gala Dinner*

Tuesday June 18, 2013

Time	Room	Event
07:00 - 13:00	Arbutus Foyer	*Conference Registration*
07:00 - 08:00	Arbutus Foyer	*Coffee and Light Breakfast Snacks*
08:00 - 08:45	Arbutus	*Discussion Panel No 4: Agricultural insurance ratemaking: actuarially sound and long term sustainability Moderator:Ken Seng Tan, University Research Chair Professor, Department of Statistics and Actuarial Science, University of Waterloo, CANADA Discussants: Remi Villeneuve, Chief Actuary, Agriculture and Agri-Food Canada, Ontario, CANADA. Misha Novakovic, Class Underwriter, Catlin Specialty Insurance Company, BERMUDA. Vito Ozaki, Professor, Professor, Department of Economics, Business and Sociology, University of São Paulo, BRAZIL Andrea Shi, Assistant Vice President Agriculture, Toa Re, California USA. Joe Cheng*, President, J.S. Cheng & Partners Inc.
08:45 - 09:45		*Breakout Session IV*
	Oak	Moderator:Rong Kong, Northwest Agricultural and Forestry University, CHINA “Developing a Feasible Whole Farm Insurance Product” - *Keith H. Coble*, Lekhnath Chalise, Barry J.Barnett, and J.Corey Miller, Mississippi State University, USA. “Study on the Innovation of Agriculture Insurance System in China” - *Wenjun Long*, Research Center for Rural Economy in Ministry of Agriculture in China, CHINA. “Refining the Approach to Compensation – An Insurance Based Risk Management Approach” - *Robert Burden*, Serecon Management Consulting, CANADA.
	Aspen	Moderator:Tor Tolhurst,University of Guelph, CANADA. “Financial Engineering for the Farm Problem” - Joshua Woodard, Edith X. Liu, and Calum G. Turvey; Cornell University, USA. “On the distribution of Commodity Prices” - *Hirbod Assa*, Concordia University, CANADA. “The Valuation of Temperature Derivatives: The Case for Taiwan” - Chuang-Chang Chang, Sharon S. Yang, Tzu-Yu Huang, Jr-Wei Huang, National Central University, TAIWAN.
	Garibaldi	Moderator:Jeffrey Pai, University of Manitoba, CANADA. “Pricing Agricultural Catastrophe Insurance” - Lei Xu, QIao Zhang and Xi Zhang, Chinese Academy of Agricultural Sciences, CHINA. “Securitization of Government of Canada Risk Exposure to Agricultural Disasters: A Framework for Catastrophe Bonds” - *Wenqi Ye*, Royce Poh, Claire Wei, Summer Zhou, University of Waterloo, CANADA. - Lysa Porth, University of Manitoba, CANADA. - Chengguo Weng, University of Waterloo, CANADA.
09:45 - 10:15	Arbutus Foyer	*Refreshments Break*
10:15 - 10:45	Arbutus	Keynote Speaker:Barry Barnett, Professor, Mississippi State University, USA “Multiple-peril Crop Insurance: Successes and Challenges”
10:45 - 11:30	Arbutus	*Discussion Panel No 5: Crop insurance: successes and challenges* Moderator:Milton Boyd, Professor, Department of Agribusiness and Agricultural Economics, University of Manitoba, Manitoba CANADA. Rosser Lloyd, Director General, Agriculture and Agri-Food Canada, Ontario, CANADA. Joseph Glauber, Chief Economist, USDA, USA. James McCarney, Managing Director, Guy Carpenter & Company Ltd, Ontario, CANADA. Neil Hamilton, CEO, Manitoba Agricultural Services Corporation, Manitoba, CANADA.
11:30 - 12:00	Arbutus	*Closing Ceremony*
11:30 - 11:50		“Public-Private Partnerships” Bruce Stephen, Director, Agri-Risk Initiatives, Agriculture and Agri-Food Canada, Ontario, CANADA.
11:50 - 12:00		Closing Remarks:Lysa Porth, Assistant Professor and Guy Carpenter Professor in Agricultural Risk Management and Insurance, Warren Centre for Actuarial Studies and Research, University of Manitoba, Manitoba, CANADA.
12:00 - 13:00	Arbutus Foyer	*Lunch*
13:30 - 17:15		*Post-Conference Field Trip- Farms of the Fraser River Delta* *- sponsored by BC Ministry of Agriculture Business Risk Management Branch* Randhawa Farms Ltd., Delta BC: The Randhawa Farm is situated near the unique Burns Bog natural area. The Burns Bog is the largest domed peat bog on the west coast of North America. It covers an area of about 40 square kilometers about 25 km southeast of downtown Vancouver. Growing blueberries here presents unique challenges to producers. Find out what they are and how Bob Randhawa manages his farm risk. Mayberry Farms Ltd., Richmond BC: The May family owns a large amount of agricultural land in Richmond. Several brothers in the family spearhead the cranberry harvest each year. Who better to show us around than a family that’s been farming in Richmond for 100 years? The farms ships cranberries to Ocean Spray, a grower-owned Cooperative founded 80 years ago and, here in Canada supplied by more than 90 growers located in parts of British Columbia, Quebec, Nova Scotia and New Brunswick.