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| Roberts, Michael J.; Osteen, Craig D.; Soule, Meredith J.. |
| Nearly all farm business ventures involve financial risk. In some instances, private and public tools used to manage financial risks in agriculture may influence farmers' production decisions. These decisions, in turn, can influence environmental quality. This bulletin summarizes research and provides some perspective on private and public attempts to cope with financial risks and their unintended environmental consequences. Specifically, it examines the conceptual underpinnings of risk-related research, challenges involved with measuring the consequences of risk for agricultural production decisions, government programs that influence the risk and return of farm businesses, and how production decisions influence both the environment and the risk and... |
| Tipo: Report |
Palavras-chave: Risk; Agricultural production; Government programs; Environment; Agricultural and Food Policy; Environmental Economics and Policy; Risk and Uncertainty. |
| Ano: 2004 |
URL: http://purl.umn.edu/33563 |
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| Duffy, Patricia A.; Shalishali, Kasazi; Kinnucan, Henry W.. |
| An expected utility model that includes output price and yield uncertainty was used to estimate cotton, corn, and soybean acreage response equations for the Southeast. The model appeared to fit the soybean and corn data well, resulting in own-price elasticity estimates of 0.317 for corn and 0.727 for soybeans. When applied to cotton acreage, however, the model did not yield satisfactory results. When elasticity was allowed to change over time, however, statistical results for the cotton equation improved, yielding an own-price elasticity of 0.915 at data means. |
| Tipo: Journal Article |
Palavras-chave: Government programs; Acreage response; Expected utility; Time-varying parameters; Crop Production/Industries. |
| Ano: 1994 |
URL: http://purl.umn.edu/15163 |
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