Data/hora: 02/06/2024 02:53:26

Provedor de dados: | Research in Agricultural & Applied Economics (AgEcon Searh)
País: | United States
Título: | Exploring long-term land improvements under land tenure insecurity
Autores: | Myyra,   Sami; Pietola,   Kyosti.
Data: | 2006-11-01
Ano: | 2006
Palavras-chave: | Dynamic programming; Land tenure; Land improvements; Land Economics/Use.
Resumo: | This article explores long-term land improvement (lime application) under land tenure insecurity on leased land. The dynamic optimisation problem is solved by a stochastic dynamic programming routine with known parameters for one-period returns and transition equations. The model parameters represent Finnish soil quality and production conditions. The farmer's decision rules are solved for alternative likelihood scenarios over the continuation of the fixed term lease contract. The results suggest that, as the probability for non-renewal of the lease contract increases, farmers quickly decrease investments in irreversible land improvement and, thereafter, yields decline gradually. The estimated decision rules are a part of larger set of farmer's decision rules to be taken care when land leasing and environmental legislation is renewed.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês

Identificador:

24203

http://purl.umn.edu/31954

Editor: | AgEcon Search

Relação:

New Zealand Agricultural and Resource Economics Society - 2006&gt;2006 Conference, August 24-25, 2006, Nelson, New Zealand

Conference Paper

Formato:

9

application/pdf