The distributions currently used to model and simulate crop yields are unable to accommodate a substantial subset of the theoretically feasible mean-variance-skewness-kurtosis (MVSK) hyperspace. Because these first four central moments are key determinants of shape, the available distributions...

The relative importance of income earning potential versus consumptive values in setting ranchland prices is examined using a truncated hedonic model. The market value of New Mexico ranches is related to annual income earning potential and other ranch characteristics including ranch size,...

This study estimates the willingness to pay (WTP) of Loja’s households to protect two micro-basins that supply over 40 percent of potable water to the city. Results indicate that households have an average WTP of $5.80 per month, which corresponds to a 25 percent increase in the self-reported...

This paper uses a two-good specific factors model to derive a relationship between international trade, land degradation, and welfare. Because developing countries enjoy comparative advantage in agriculture, they will export agricultural goods. We found that trade could lower steady state land...

Agricultural land is being converted into rural residences at historic rates. Landholders and residents of amenity rich Sublette County, Wyoming were surveyed concerning preferences for land use controls. Logit models are estimated for policy approval. Private choice variables rather than public...

Thailand's economic boom since 1987 resulted in absolute agricultural employment and land use declines. Both were caused by rapid wage growth due to nonagricultural investment. Irreversible land use changes and rapid agricultural mechanization have followed. Following the 1987 financial crisis,...

The impact of soil conservation adoption on yield and yield risk is investigated using a conditionally heteroskedastic production function with endogenous switching. Analysis shows that controlling for plot-specific factors, adopters exhibit lower yields and higher yield variance than...

This research examines effects of various factors on participation in agricultural tree plantations for economic, environmental, social and carbon-uptake purposes. Using survey data from 2000 mail surveys of Canadian farmers, a discrete choice random utility analysis is used to determine...

Agricultural policy support to farmers is being reconsidered in most industrialized countries. The adverse incentive structure of price support is generally considered to be inadequate. Income support schemes may therefore be preferable in view of externalities of agricultural production such as...

This paper provides a micro-level foundation for discussions of income and asset allocation within the smallholder sector in Eastern and Southern Africa, and explores the implications of these findings for rural growth and poverty alleviation strategies in the region. Results are drawn from...