This paper assesses the impacts of decoupled government transfers on production decisions of a sample of Kansas farms observed from 1996 to 2001. Our model allows for risk, risk attitudes and the intertemporal investment decisions. We also allow for different adjustments of the decision...

Using county level data we study if weather and climate variables or variables used as proxies for rent-seeking behavior determine disaster payment in the Southeast. We do not find evidence of rent-seeking but find that, in addition to weather, long term climate variables affect disaster payments.

Growing farm size has generally been explained by technological advances that have allowed farmers to substitute capital for labor. Another possible factor in explaining recent farm size is the demographic shift: the age distribution of farmers has shifted to the right and older farmers...

According to Ricardian rent theory, the value of farm assets is equal to the discounted present value of future expected net rents from farm returns, and the discounted expected value of the land if converted to nonfarm development. Some recent research has considered modifying this standard...

The economic viability of alternative and more sustainable agriculture farming systems depend on the value of farm profits. These values may be estimated through short or long-run of profit maximization, but there is a difference in these methods. In short-run profit maximization the...

Factors influencing the adoption of Russian Varroa-Resistant honey bees were assessed using a double hurdle model. Results indicate factors associated with the adoption include sales over $1,000 of bee related products, residence in the delta states, internet use, and membership in the AHPA....

The Dixit entry/exit real option model was applied to the entry/exit decisions of New York dairy farmers. For the cost structure of a 500-cow farm the entry milk price is $17.52 per hundredweight (cwt.) and the exit milk price is $10.84. For the 50-cow farm cost structure the entry price is...

The majority of farm families have not named a successor nor developed an up-to-date farm business transition and estate plan. This program effort was designed to enable these farm families gain a better understanding of the process required and thus develop and implement a farm transition and...

This paper evaluates the economic and the financial viability of implementing private farm management centers (FMC) in El Salvador. In doing so, an ex ante cost-benefit analysis is performed. The results of this analysis suggest that a combination of better farm prices (paid and received),...