Previous studies of historical risk have used either nominal or real data to calculate risk measures for agricultural prices and income. However, the effects of using nominal and real data have not been evaluated. This study utilizes theoretical variance approximation relationships to examine...

A two-stage model is used to examine a landowner's decision to use riparian buffers. First, the farmer chooses whether to continue farming or to sell the land for development. If the farmer continues farming, then he or she must decide whether or not to plant a buffer. If the farmer plants a...