Showing 1 - 10 of 46
This study analyses whether the land tenure insecurity problem decreases long-term land improvements (liming and phosphorus fertilization) under the Common Agricultural Policy (CAP) and Nordic production conditions in the European Union (EU) countries, such as Finland. Our study suggests that...
Persistent link: https://www.econbiz.de/10005010109
Persistent link: https://www.econbiz.de/10005373803
In the long term, productivity and especially productivity growth are necessary conditions for the survival of a farm. In this paper, we focus on the technology choice of a dairy farm, i.e. the choice between a conventional and an automatic milking system. Our aim is to reveal the extent to...
Persistent link: https://www.econbiz.de/10010595415
We estimate the landowner response to and fiscal effects of a temporary reduction in capital gains taxes imposed on land sales. The underlying normative decision rules are first derived and solved numerically using stochastic dynamic programming. The landowner preferences and willingness to sell...
Persistent link: https://www.econbiz.de/10009386256
This paper describes the aggregate rural capital markets of the EU and the main differences between the markets of its member countries. The results of our study suggest that the agricultural credit markets are still quite segmented and the segments are country- rather than currency- or...
Persistent link: https://www.econbiz.de/10009415319
This paper aims to describe and highlight the key issues of farm capital structures, the dynamics of investments and accumulation of farm capital, and the financial leverage and borrowing rates on farms in selected European countries. Data collected from the Farm Account Data Network (FADN)...
Persistent link: https://www.econbiz.de/10009415321
The oxidation of sulphidic materials upon drainage of acid sulphate (AS) soils causes episodic hazards to aquatic ecosystems worldwide. Reintroducing a high groundwater level, in order to turn the soil reactions back to reduction, is an option to alleviate the environmental loading from these...
Persistent link: https://www.econbiz.de/10010681964
This paper studies optimal investment and the dynamic cost of income uncertainty, applying a stochastic programming approach. The motivation is given by a case study in Finnish agriculture. The investment decision of a representative farm is modelled as a Markov decision process, extended to...
Persistent link: https://www.econbiz.de/10005253238
A stochastic dual model of investment under uncertainty is used to investigate structural adjustment in the Finnish hog industry. Value function restrictions are found to be comparable to those in existing dual models assuming deterministic state variables. The model also allows for an asymmetry...
Persistent link: https://www.econbiz.de/10009398131
This analysis utilises a model of production under risk estimated on Finnish farm-level data to measure farmers’ risk attitudes in a changing policy environment. We find evidence of heterogeneous risk preferences among farmers, as well as notable changes over time in farmers’...
Persistent link: https://www.econbiz.de/10011141749