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This paper develops a stochastic multi-period decision model to analyse a continuous wheat cropping system infested by wild oats (Avena fatua L.), in southern Australia. The multi-period solutions is obtained by employing a dynamic programming model in conjunction with a bioeconomic simulation...
Persistent link: https://www.econbiz.de/10010911247
Agricultural production is risky. When farmers are risk-averse, they are likely to put a premium on production methods that reduce perceived risks. Irrigation is generally believed to be a riskreducing input. By using the concept of stochastic dominance, risk-efficient irrigation policies for...
Persistent link: https://www.econbiz.de/10010911413
Soil degradation in the sloping uplands of Asia is a serious problem that threatens the sustainability of agriculture. Although several soil conservation technologies have been developed and promoted, their adoption has not been widespread. A micro-economic analysis of adoption of contour...
Persistent link: https://www.econbiz.de/10011069396