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Registros recuperados: 4
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A Joint Framework for Analysis of Agri-Environmental Payment Programs AgEcon
Cooper, Joseph C..
This paper presents an approach for simultaneously estimating farmers' decisions to accept incentive payments in return for adopting a bundle of environmentally benign management practices. Using the results of a multinomial probit analysis of surveys of over 1,000 farmers facing ten adoption decisions in an EQIP-type program, we show how the farmers' perceptions of the desirability of various bundles changes with the offer amounts and with which practices are offered in the program.
Tipo: Conference Paper or Presentation Palavras-chave: Incentive payments; EQIP; Simulated multivariate normal; Multinomial probit; Simulated maximum likelihood estimation; Best management practices; Environmental Economics and Policy.
Ano: 2001 URL: http://purl.umn.edu/20493
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Factors Affecting Farmers’ Utilization of Agricultural Risk Management Tools: The Case of Crop Insurance, Forward Contracting, and Spreading Sales AgEcon
Velandia, Margarita M.; Rejesus, Roderick M.; Knight, Thomas O.; Sherrick, Bruce J..
Factors affecting the adoption of crop insurance, forward contracting, and spreading sales are analyzed using multivariate and multinomial probit approaches that account for simultaneous adoption and/or correlation among the three risk management adoption decisions. Our empirical results suggest that the decision to adopt crop insurance, forward contracting, and/or spreading sales are correlated. Richer insights can be drawn from our multivariate and multinomial probit analysis than from separate, single-equation probit estimation that assumes independence of adoption decisions. Some factors significantly affecting the adoption of the risk management tools analyzed are proportion of owned acres, off-farm income, education, age, and level of business risks.
Tipo: Journal Article Palavras-chave: Adoption decisions; Crop insurance; Forward contracting; Multinomial probit; Multivariate probit; Risk management; Spreading sales; Agribusiness; Agricultural Finance; Crop Production/Industries; Demand and Price Analysis; Risk and Uncertainty; G22; Q12; Q18.
Ano: 2009 URL: http://purl.umn.edu/48751
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Forecasting the Adoption of GM Oilseed Rape: Evidence from a Discrete Choice Experiment AgEcon
Breustedt, Gunnar; Muller-Scheessel, Jorg; Latacz-Lohmann, Uwe.
This paper explores farmers’ willingness to adopt genetically modified oilseed rape prior to its commercial release and estimates the ‘demand’ for the new technology. The analysis is based upon choice experiments with 202 German arable farmers. A multinomial probit estimation revealed that GM attributes such as gross margin, expected liability from cross pollination, or flexibility in returning to conventional oilseed rape significantly affect the likelihood of adoption. Neighbouring farmers’ attitudes towards GM cropping and a number of farmer and farm characteristics were also found to be significant determinants of prospective adoption. Demand simulations suggest that adoption rates are very sensitive to the profit difference between GM and non-GM rape...
Tipo: Conference Paper or Presentation Palavras-chave: Adoption forecast; Choice experiment; Genetically modified oilseed rape; Multinomial probit; Technology adoption; C42; C81; Q12; Q16.
Ano: 2008 URL: http://purl.umn.edu/36771
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What Did They Do with the Money? An Analysis of Tobacco Buyout Recipients’ Expenditure Choices AgEcon
Marshall, Maria I.; Pushkarskaya, Helen N..
There are many expenditure options available to farmers who received a tobacco buyout check. A multinomial probit model is used to analyze how farmer, business, and household characteristics influence the choice of expenditure option. Results of the study show that farmers tend to use the tobacco buyout payments as a special income account which they spend in a focused manner, and their expenditure choices vary by gender and by age groups. Findings also reveal that farmers who plan to stay in tobacco production are more likely to invest in new or existing on-farm activities.
Tipo: Journal Article Palavras-chave: Defensive avoidance; Expenditure choices; Mental accounting; Multinomial probit; Tobacco buyout; Agribusiness; Crop Production/Industries; Financial Economics.
Ano: 2008 URL: http://purl.umn.edu/90641
Registros recuperados: 4
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