The overall goal of this study is to measure the effect of the impact that genetically modified cotton varieties have had on the production efficiency of small holders in farming communities in China. We also find that the adoption of Bt cotton varieties leads to a significant decrease in the...

Most of the poorest people live in rural areas worldwide, characterized by uncertain rainfall, low levels of input use, and low returns to land and labor. Farmers in these risky production environments often face drought that interacts with many other agronomic stresses to reduce yields and push...

Formerly a rich-county preoccupation, dealing more explicitly with environmental concerns around agriculture is becoming a mainstream concern for developing countries. Concerns arise with all the major resources underpinning farming, such as land and water which are selectively reviewed here but...

A model is developed from decision theory for evaluating probabilistic information, especially for decision makers who are risk averse. The value of information to such a decision maker is disaggregated into mean and variance effects. It is shown that the degree of risk aversion of the decision...

A synoptic review of the diverse models that have been developed for economic analysis in agricultural management is undertaken and these models are placed in broad perspective. A few practical and general problems of modelling that have been highlighted by the development of simulation...

The objective of this paper is to give a brief exposition of the decision criteria commonly propounded for decisions under risk and uncertainty. The review of these criteria in the context of farm management decisions reiterates the inappropriateness of all except the expected utility...

A planning methodology is developed based on Monte Carlo sampling of plans and sorting out inefficient plans according to the rules of stochastic dominance. Illustrations and methodological comparison are made in a context of farm planning under risk, and an application in income stabilization...