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...

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...

The influence of inputs on output risk in the context of agricultural production decisions taken by non-risk neutral agents has been ignored by previous research assessing the effects of decoupled income support payments in a deterministic world or risk-neutral framework. We study the impacts of...