A common problem in agricultural credit markets in developing countries is the coexistence of a competitive market equilibrium interest rate and credit rationing. The literature typically explains the existence of credit rationing in competitive credit markets using adverse selection and moral...

A common perception is that the value of Bt corn arises from two components-Bt corn increases expected profit and reduces profit variability. This perception encourages farmers and the policy makers to add a risk benefit to estimates of the value of Bt corn to account for the variability...

We apply Antweiler’s (2001) double-nested unbalanced panel data model to estimate a western corn rootworm damage function using data from field trials in Illinois and Nebraska. Results imply that expected yield losses for a one unit difference in the node injury scale are 16.4%. Estimated...

Transgenic plants producing insecticidal protein derived from Bacillus thuringiensis (Bt) have been widely adopted since their commercial introduction in 1996. The widespread adoption of such plants has reduced use of conventional insecticides while attaining yield gains, thus providing...

Transgenic plants producing insecticidal protein derived from Bacillus thuringiensis (Bt) have been widely adopted since their commercial introduction in 1996. In 2009, 25 countries planted 134 million ha of transgenic crops. The widespread adoption of such plants has reduced use of conventional...

Given the importance of adopting weed resistance management BMPs, it is important to develop methods to compare BMP adoption among farms and to identify factors that affect BMP adoption. Because of the relatively large number of BMPs and interactions among them, a composite index that integrates...

Water scarcity has been a significant issue for several decades in the Texas High Plains, with agriculture identified as the main activity contributing to this scarcity. To address this issue, much effort has been devoted to developing and encouraging adoption of sophisticated irrigation systems...