Using an expected mean-variance model the changes in farm enterprise levels and indirect utility were examined under conditions of risk aversion, budget constraints and gross margin variance. An extension of the comparative statics of the expected mean-variance model was adopted by introducing a...

Using an expected mean-variance model the changes in farm enterprise levels and indirect utility were examined under conditions of risk aversion, budget constraints and gross margin variance. An extension of the comparative statics of the expected mean-variance model was adopted by introducing a...

This article provides a micro-level foundation for the analysis of crop diversification decisions in a semi-subsistence banana farming community in Uganda. A two-crop agricultural household model is developed to show that credit rationing and crop price movements influence vanilla adoption...

This paper develops a heterogeneous-agent model to assess the impacts of removing lucerne growing subsidies, increasing livestock numbers and including district-level equilibrium conditions on optimal farm plans in the Qingyang district of Gansu Province, China. The model is a five-year dynamic...

Following the reforms of doi moi, household farms in Vietnam are being affected by policies which are implementing land, financial and trade reforms. The nature of agriculture in Vietnam is such that household farms operate within and are constrained by the activities of their location within a...

In this paper a model is developed which brings together elements of the household models, spatial trading systems and demand systems with elements of production and income risk. Some of the implications of the design are analysed. The design is focussed on the problem faced by Vietnamese farm...