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| Hirschi, Rick L.. |
| This paper estimates and compares the net returns of an organic row crop rotation to the returns of a conventional row crop rotation in the Midwest, and explores some of the sources of risk associated with organic row crop production. The study concludes modeling the optimal land use of a risk-averse producer assuming a producer is able to grow both organic and conventional row crops. The results indicate that the expected net returns of organic row crop production can be competitive with traditional corn and soybean production, however, the variation in returns can be nearly twice those of conventional production. The land use model indicates that organics is part of an optimal portfolio for producers with low levels of risk aversion. Land use changes to... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management. |
| Ano: 2000 |
URL: http://purl.umn.edu/36478 |
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| DeVuyst, Eric A.; Hirschi, Rick L.; Braden, John B.. |
| We examine the efficiency of current flood risk allocation and the use of flood easements as a means of reallocating flood risk and reducing total flood damages in large river floodplains. Changes in agricultural floodplain land use and levels of crop insurance coverage as the risk of flooding changes are simulated using mathematical programming. The net benefits of flood easements to a portion of the Lagrange Reach of the Illinois River region are then simulated. Our results indicate that flood easements may provide positive net benefits. This positive result stems primarily from the decreased risk of flooding for non-inundated agricultural levee districts, rather than from reduced municipal flood damages. Our results are robust to changes in the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2000 |
URL: http://purl.umn.edu/36373 |
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