Incomplete and Preliminary Draft – Please Do Not Cite

Capital budgeting decisions faced by tart cherry producers often challenge our traditional valuation techniques. Real Options Valuation (ROV) methods may be useful but assumptions of existing ROV approaches are restrictive and, in some cases, unrealistic. In this paper we assert that use of...

The 2002 Farm Act allowed farm owners to update base acres for direct payments (DPs) and counter-cyclical payments (CCPs) and to update yields for counter-cyclical payments. A minority, about 40 percent, of the 1.9 million enrolled farms choose to update their base acres using 1998-2001...

The impact of new manure management regulations depends on the willingness of crop producers to accept manure. A contingent valuation analysis of crop producers was used to estimate the willingness of crop producers to accept or pay for manure. Results indicate that producers will pay a positive...

A translog stochastic cost frontier is estimated to calculate cost efficiency index (CEI) of 203 Kenyan and Ugandan maize producers using survey data from 2003. Results show a mean CEI of 1.95, with greater inefficiency among farms in Kenya of medium-large size. Key sources of inefficiency are...

A regression model was used to investigate the determinants of soil nutrient depletion in Uganda. The major determinants of soil nutrient balances are household endowments, access to markets, and extension services, non-farm activities and agricultural potential. The results suggest the need to...

This paper investigates the growth in the number of organic producers in the Netherlands. Using Bayesian techniques a logistic growth model explaining the share of organic farms is estimated. Prior information is used to estimate and compare three different models on the future of organic farming.

The economic efficiency of Indonesian rice farmers was lower and more variable during than before the macroeconomic crisis. Specifically, larger declines in technical efficiency were not offset by smaller improvements in allocative efficiency. Farm ownership, larger farm size, and higher...

Replaced with revised version of paper 07/21/04.

Potential of alternative production practices and rental arrangements for risk management of both landlord and tenant, individually and jointly, is examined. Mathematical programming and simulation is used to study a hypothetical Arkansas soybean producer. Results indicate importance of lease...