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Beginning, limited-resource, and socially disadvantaged farmers make up as much as 40 percent of all U.S. farms. Some Federal conservation programs contain provisions that encourage participation by such “targeted” farmers and the 2008 Farm Act furthered these efforts. This report compares...
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Individuals tend to underprepare for rare, catastrophic events because of biases in risk perception. A simple form of broad bracketing — presenting the cumulative probability of loss over a longer time horizon — has the potential to alleviate these barriers to risk perception and increase...
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