Showing 1 - 8 of 8
Representing farm-level crop yield heterogeneity and distributional form is critical for risk and crop insurance research. Most studies have used county data, understating both systematic and random variation. Comparison of systematic versus random intra-county variation is lacking. Few studies...
Persistent link: https://www.econbiz.de/10009148266
Persistent link: https://www.econbiz.de/10010638263
This article presents an approach for simultaneously estimating farmers' decisions to accept incentive payments in return for adopting a bundle of environmentally benign best management practices. Using the results of a multinomial probit analysis of surveys of over 1,000 farmers facing five...
Persistent link: https://www.econbiz.de/10005291088
This article presents an approach for simultaneously estimating farmers' decisions to accept incentive payments in return for adopting a bundle of environmentally benign best management practices. Using the results of a multinomial probit analysis of surveys of over 1,000 farmers facing five...
Persistent link: https://www.econbiz.de/10009397450
Given that the majority of conservation reserve program (CRP) contracts on approximately 36 million acres of enrolled land expire concurrently, re-enrollment decisions by farmers and the federal government have high budgetary implications. Using a survey of over 8,000 CRP contract holders, we...
Persistent link: https://www.econbiz.de/10009398182
This paper addresses issues of specification testing for the travel cost method (TCM). Two nonparametric approaches to TCM analysis are presented. In addition, semi-nonparametric count models for TCM are developed. A numerical illustration is provided in which the three methods are applied to an...
Persistent link: https://www.econbiz.de/10009398185
Farmers can be encouraged to voluntarily adopt environmentally sound management practices through the use of incentive payments. This paper uses both a bivariate probit with sample selection model and a double hurdle model on data from a survey of farmers to predict farmer adoption of the...
Persistent link: https://www.econbiz.de/10009401498
This article develops a stochastic model of the Average Crop Revenue Election (ACRE) program, which offers revenue-based commodity payments under the 2008 Farm Act. Our analysis shows that adding ACRE revenue payments to gross revenue reduces downside revenue risk for corn, wheat, and soybean...
Persistent link: https://www.econbiz.de/10008675527