Deforestation is considered a major environmental issue in tropical Asian developing countries that have been undergoing major demographic and structural changes. A major contributing factor to deforestation is conversion of land for alternative, primarily agricultural, uses. There have been...

This paper studies the production and soil depletion choices of a risk averse farmer. The study applies a one period, two date model with uncertainty in both production and end-of-period land price. The farmer makes production, and soil depletion choices at date 1 to maximise the expected...