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This paper estimates a model of a farm that treats the choice of crops, livestock, and irrigation as endogenous. The … model is composed of a multinomial choice of farm type, a binomial choice of irrigation, and a set of conditional land value … adapt their choice of farm type and irrigation to their local climate. The results should help governments develop effective …
Persistent link: https://www.econbiz.de/10010521746
This paper estimates a model of a farm that treats the choice of crops, livestock, and irrigation as endogenous. The … model is composed of a multinomial choice of farm type, a binomial choice of irrigation, and a set of conditional land value … adapt their choice of farm type and irrigation to their local climate. The results should help governments develop effective …
Persistent link: https://www.econbiz.de/10012552610
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The weather index-based insurances may help farmers to cope with climate risks overcoming the most common issues of traditional insurances. However, the weather index-based insurances present the limit of the basis risk: a significant yield loss may occur although the weather index does not...
Persistent link: https://www.econbiz.de/10013349388
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, irrigation effects, and socioeconomic factors in broad scales have not been well addressed. Considering both the probability of … results show that irrigation has reduced drought-related yield losses by 31 ± 2\%; the largest reductions in food production …
Persistent link: https://www.econbiz.de/10011885679
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