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Factor Input Demand Subject to Economic and Environmental Risk: The Case of Nitrogen Fertilizer in Corn Production AgEcon
Carriker, Gordon L..
Nitrogen (N) fertilizer demand in relation to economic and environmental risks associated with N-fertilizer management are examined. Both nominal and environmental damage-adjusted net returns distributions are evaluated using stochastic dominance analysis. Results suggest that, in the absence of environmental risk, N demand becomes more elastic as farmers become more risk averse. When environmental risk is introduced to the decision-making process, N demand becomes even more elastic.
Tipo: Working or Discussion Paper Palavras-chave: Environmental damage; Factor input demand; Nitrogen fertilizer management; Risk; Stochastic dominance; Crop Production/Industries; Environmental Economics and Policy.
Ano: 1993 URL: http://purl.umn.edu/118154
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The Role of Information and Prices in the Nitrogen Fertilizer Management Decision: New Evidence from the Agricultural Resource Management Survey AgEcon
Williamson, James M..
This article investigates the impact of agronomic and price information on nitrogen fertilizer management. Excessive nitrogen applications can cause environmental degradation, and it is important to understand how information influences the application decision in order to develop effective conservation policies. The impact of soil N-tests on the rate of applied nitrogen is estimated. Farmers who use a soil test reduce their use of commercial nitrogen by up to 83 lbs/acre relative to non-testers. New evidence indicates that rising fertilizer prices encourage farmers to manage nitrogen more carefully. Estimated price elasticities of quantity demanded range from -1.67 to -1.87.
Tipo: Article Palavras-chave: Nitrogen demand elasticities; Nitrogen fertilizer management; Nonpoint source pollution; Soil N-testing; Agribusiness; Institutional and Behavioral Economics.
Ano: 2011 URL: http://purl.umn.edu/119180
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