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While controversy surrounds skewness attributes of typical yield distributions, a better understanding is important for agricultural policy assessment and for crop-insurance rate setting. <xref ref-type="bibr" rid="AAR091C5">Day (1965)</xref> conjectured that crop yield skewness declines with an increase in nitrogen use at low levels but...
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No satisfactory motivation has been forwarded in favor of any crop yield distribution, including the normal. This article explores the foundations of yield distributions for the Law of the Minimum resource constraint technology at the plot level of analysis. With independent, identical, uniform...
Persistent link: https://www.econbiz.de/10005686081
An issue when seeking to identify rotation choice is persistence in yield-enhancement and input-saving carry-over effects. Focusing on carry-over length and the monoculture decision, we use quasi-convexity of choice functions to develop price-independent and price-dependent principles concerning...
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For risk-averting agents, risks alter production decisions while the existence of institutions to insure against adverse states of nature will likely restore decisions toward levels under risk neutrality. In this article, conditions are identified on a stochastic technology to test that risk...
Persistent link: https://www.econbiz.de/10005686203
Meat retailers express demand for a more uniform product, and technical innovations are allowing an increasingly uniform supply. Packers can promote uniformity through pre-slaughter sorting, or earlier through contracts. Emphasizing effort on the packing line, we develop a model whereby packers...
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Food system regulators often decide whether to ban existing practices or approve new technologies without conclusive scientific evidence on possible damage and knowing that resolution is likely in the future. In a model with three decision points and stochastic resolution of uncertainty, we...
Persistent link: https://www.econbiz.de/10005290989
Trade in feeder animals creates externalities when animal diseases can spread beyond the purchasing farm. If growers choose between open and closed production systems, then Nash equilibrium likely involves excessive trading. While first-best equilibrium involves market-wide adoption of either an...
Persistent link: https://www.econbiz.de/10005291034