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| Farnsworth, Richard L.; Moffitt, L. Joe. |
| The risk flexible production model developed by Just and Pope is estimated for the case of cotton in Californias San Joaquin Valley and the implications of the model for factor demand are examined. Results indicate risk-reducing roles for farm machinery, labor, and fertilizers in contrast to restrictions imposed by traditional stochastic production specifications. Qualitative assessment of estimated risk effects on factor employment under risk aversion are evaluated by comparison to the risk-neutral solution. |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 1981 |
URL: http://purl.umn.edu/32580 |
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| Yang, Wanhong; Khanna, Madhu; Farnsworth, Richard L.; Onal, Hayri. |
| An integrated watershed management framework that combines economic, hydrologic and GIS modeling is developed to study cost effective land retirement in multiple watersheds to achieve off-site sediment reduction goal. This integrated framework examines two alternative standards-a uniform standard under which each watershed is required to achieve the same sediment reduction goal and a non-uniform standard under which marginal cost of sediment abatement is equal across watersheds. Furthermore, for each standard, costs of abatement under two alternative rental instruments based on marginal cost of sediment abatement ($/ton) and uniform payments per acre ($/acre) are examined. Then the cost effectiveness of the four policy options (uniform standard with $/ton... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use. |
| Ano: 2001 |
URL: http://purl.umn.edu/20687 |
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| Farnsworth, Richard L.; Thompson, Sarahelen R.; Drury, Kathleen A.; Warner, Richard E.. |
| In less than a decade, the number of Community Supported Agriculture (CSA) projects has grown to more than 400. Our research suggests that CSA shareholders' social objectives dominate their decision to join. Standard economic objectives and "club-related" objectives contribute to the decision, but are clearly secondary. Our research also suggests the CSA movement will continue to grow. Its emphasis on social objectives, its inability to supply food year around, and the ongoing development of size-neutral organic technologies, however, will probably keep it from becoming a major market channel in the next century. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 1996 |
URL: http://purl.umn.edu/27792 |
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| Ozgoc-Caglar, C. Derya; Farnsworth, Richard L.. |
| The Environmental Quality Incentives Program and other voluntary Federal conservation programs follow a similar approach for enrollment. Consistent with the legislation, agency personnel identify eligibility criteria, suitable conservation practices, and a process to score, rank, and select applications for funding. Our research outlines a formal multiple criteria decision analysis system that is broadly applicable to current Federal conservation programs to score, rank, and enroll applications, and distribute program funds. Then, we apply the decision system to Indiana’s EQIP program using data from 2005. The incorporation of GLEAMS model improved our estimates of water quality impacts by reintroducing the spatial heterogeneity. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Multiple Criteria Decision Analysis; Federal Conservation Programs; Environmental Quality Incentives Program; GLEAMS; Environmental Economics and Policy; Research Methods/ Statistical Methods. |
| Ano: 2008 |
URL: http://purl.umn.edu/5986 |
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| Yang, Wanhong; Khanna, Madhu; Farnsworth, Richard L.; Onal, Hayri. |
| An integrated watershed management framework that combines detailed spatial biophysical attributes of land with a hydrologic model and an economic model is developed to study the cost-effective enrollment of land in the Conservation Reserve Enhancement Program (CREP). Compared with previous related studies that assumed exogenous sediment deposition coefficients related only to site specific characteristics, this research explicitly considers endogenous sediment deposition coefficients, that are determined by landuse decisions made by all land parcels in the run-off path, in determining land rental offers. The modeling framework is applied to one of the eligible watersheds, Court Creek, in Illinois. We find that the optimal targeting of land enrollment is... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use; Resource /Energy Economics and Policy. |
| Ano: 2000 |
URL: http://purl.umn.edu/21807 |
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| Khanna, Madhu; Yang, Wanhong; Farnsworth, Richard L.; Onal, Hayri. |
| This paper extends an integrated framework that combines economic, environmental and GIS modeling to evaluate the cost effectiveness of land retirement programs. The modeling framework is applied to the Lower Sangamon Watershed in Cass County of Illinois to examine the economic costs and environmental benefits of three land retirement scenarios: land actually enrolled in the Illinois CREP, land selected by a land rental cap mechanism and land identified by a least cost model. We find that land retirement in the watershed successfully achieved the program goal of 20% sediment abatement. However, in achieving the same level of sediment abatement, the costs of actual land retirement are 1.3 times and 2.1 times of those in a land rental cap mechanism and a... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use. |
| Ano: 2002 |
URL: http://purl.umn.edu/19740 |
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