Managing soil natural capital: An effective strategy for mitigating future agricultural risks?

Investment behavior is analyzed using a dynamic portfolio model including off-farm income. The correlation structure of off-farm income and asset returns and the ratio of off-farm income to wealth is shown to affect portfolio choice. Empirical analysis indicates that off-farm income tends to...

We develop an infinite time horizon, continuous time model of portfolio choice and consumption allocation for an investor seeking to maximize the expected utility of his life-time consumption. In this model, the investor is endowed with capital that can be invested in long-lived capital assets...

Households in the Western Hemisphere are no longer self sufficient in food production. Viewing the product from the shelves in the grocery store makes it difficult for the consumer to gain insight in the production practices and the quality attributes to the product. Formally, we can describe...

Households in the Western Hemisphere are no longer self sufficient in food production. Viewing the product from the shelves in the grocery store makes it difficult for the consumer to gain insight in the production practices and the quality attributes to the product. Formally, we can describe...