Bhaskar, Arathi; Beghin, John C. - Iowa State University of Science and Technology <Ames, … - 2008
In the context of U.S. farm policy, this paper analyzes the effect that expectationsabout base acreage and yield updating in future policies have on a farmer’s productiondecisions in the presence of price, yield and policy uncertainty. We consider a riskaverse farmer producing a single crop...