A bioeconomic model is developed to evaluate the tradeoff between the risk of resistance and increased productivity when refuge is planted in conjunction with transgenic pesticidal corn. The model is used to evaluate controversial refuge recommendations when producers are allowed to treat refuge...

Replaced with revised version of paper 07/21/06.

The EPA has imposed mandatory refuge requirements for Bt crops to prolong the efficacy of Bt. Growers have no economic incentive to plant the required refuge because refuge crops are on average less productive and more risky. This paper evaluates refuge insurance--insurance that pays indemnities...

The EPA has imposed mandatory refuge requirements for Bt crops to prolong the efficacy of Bt. Growers have no economic incentive to plant the required refuge because refuge crops are on average less productive and more risky. This paper evaluates refuge insurance—insurance thatpays indemnities...

The EPA has imposed mandatory refuge requirements for Bt crops to prolong the efficacy of Bt. Growers have no economic incentive to plant the required refuge because refuge crops are on average less productive and more risky. This paper evaluates refuge insurance--insurance that pays indemnities...

Subsidies and fines are compared to voluntary and mandatory refuge insurance (insurance for pest damage on Bt corn refuge) as mechanisms for securing grower compliance with EPA refuge mandates. A conceptual model partially ranks mechanisms. Tradeoffs between mechanisms using grower welfare,...

Many of the poor in the developing world rely on agriculture for their livelihood. Unfortunately, agricultural production is inherently risky, which puts these farmers at risk of not being able to meet even their basic subsistence needs. Therefore, understanding these farmers’ attitudes...

This research investigates the potential of investments in publicly traded value adding firms in the meat industry as a strategy for livestock producers to diversify risk and capture value-added profits, while allowing the producer to maintain management authority and minimize costs. The...

The effect of risk on farmland values and returns is analyzed using a capitalization model. County-level models are estimated using spatial econometric techniques. Our results show that riskier regions and growing conditions have both lower land values and higher risk-adjusted rates of return to...

This paper examines the spatial elements of marketing grain. The decision of " where" to market has been ignored due to data limitations and lack of necessity. The author will incorporate localized probability distributions of price/basis in an Excel spreadsheet using @RISK which will evaluate...