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The crop insurance purchase decision for a group of Kansas farmers is analyzed using farm‐level data from the 1990s, a period that experienced many changes in the federal crop insurance program. Results indicate a reduction in the elasticity of the demand for crop insurance with respect to...
Persistent link: https://www.econbiz.de/10014667293
Off‐farm investment decisions of farm households are analyzed. Farm‐level data for a sample of Kansas farms observed from 1994 through 2000 are utilized. A system of censored dependent variable models is estimated to investigate the factors that influence the composition of farm...
Persistent link: https://www.econbiz.de/10014667300
Our paper assesses the impacts of the 1996 US Farm Bill on production decisions. We apply the expected utility model to analyze farmers' behavior under risk and assess how farmers' production decisions change in the presence of government programs. Specifically, we empirically evaluate the...
Persistent link: https://www.econbiz.de/10008866450
Multivariate local linear regression and parametric error correction models are applied to assess price linkages and price transmission patterns between food and energy prices in Spain. Weekly biodiesel, sunflower and crude oil prices observed from November 2006 to October 2010 are used in the...
Persistent link: https://www.econbiz.de/10010593870
This article determines the contribution of recent European Union agricultural policy reforms on the use of pesticides. Our theoretical model extends the multioutput generalization of the Lichtenberg—Zilberman damage control technology model developed by Chambers and Lichtenberg. Our empirical...
Persistent link: https://www.econbiz.de/10009397272
This investigation considers factors affecting the investment in long-term conservation improvements during the 1980s. A sample of 541 Kansas farms was used to investigate the effects of various factors on the probability and expected level of conservation investment. The results suggest...
Persistent link: https://www.econbiz.de/10008537405
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Current crop insurance rating procedures consider only performance for the individual crop in question. Recent farm legislation has given producers considerable planting flexibility and, as a result, many have shifted to new crops. Producers without a production history for the new crop may be...
Persistent link: https://www.econbiz.de/10009401548
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