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Registros recuperados: 6
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An Economic Evaluation of Adoption of the Conservation Compliance Program: A Stochastic Dominance Approach AgEcon
Govindasamy, Ramu; Cochran, Mark J..
Using stochastic dominance, this paper examines the adoption of the Conservation Compliance Program (CCP) in twelve Iowa soil types. Subsidies necessary to compensate producers for the increased risk of compliance strategies are estimated. Results indicate that to promote voluntary compliance with the CCP, the government should provide a subsidy of between $4.55 to $19.88 per acre, depending on the soil type.
Tipo: Journal Article Palavras-chave: Conservation compliance; Stochastic dominance; Adoption; Risk premium; Erosion; Agribusiness; Environmental Economics and Policy; Research Methods/ Statistical Methods.
Ano: 1997 URL: http://purl.umn.edu/90409
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An Economic Risk Analysis of Tillage and Cropping Systems on the Arkansas Grand Prairie AgEcon
Hignight, Jeffrey A.; Watkins, K. Bradley; Anders, Merle M..
No-till (NT) has been shown to reduce fuel, labor, and machinery costs compared to conventional-till (CT) but very few rice producers in Arkansas practice NT. The low adoption rate is most likely due to difficulties in management but also limited information on the profitability and risk of NT. Most rice producers are knowledgeable on NT costs savings but consider it less profitable due to yield reductions offsetting costs savings. This study evaluates production costs, crop yields, and economic risk of both NT and CT in five rice-based cropping systems (continuous rice, rice-soybean, rice-corn, rice-wheat, and rice-wheat-soybean-wheat). Yields, crop prices, and key input prices are simulated to create net return distributions. Stochastic efficiency...
Tipo: Conference Paper or Presentation Palavras-chave: Cropping systems; Rice; No-till; Certainty equivalent; Risk premium; Crop Production/Industries; Farm Management; Financial Economics; Land Economics/Use; Production Economics; Risk and Uncertainty.
Ano: 2010 URL: http://purl.umn.edu/56354
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Analyzing Relationships Between Cash and Futures Dairy Markets Using Partially Overlapping Time Series AgEcon
Bozic, Marin; Fortenbery, T. Randall.
Replaced with revised version of paper 02/10/10.
Tipo: Conference Paper or Presentation Palavras-chave: Partially overlapping time series; Spectral analysis; Risk premium; Futures markets; Dairy policy; Dairy industry; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Q13; Q14; Q18.
Ano: 2010 URL: http://purl.umn.edu/56545
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Assessing the Impacts of Soil Carbon Credits and Risk on No-Till Rice Profitability AgEcon
Watkins, K. Bradley; Hignight, Jeffrey A.; Anders, Merle M..
Rice is a major cash crop in eastern Arkansas, but most rice acres are intensively cultivated and grown on rented land. No-till is an effective means of sequestering soil carbon and reducing greenhouse gas emissions, and economic incentives exist for no-till in the form of carbon credits. Studies evaluating the economic potential of carbon credits focus on producers only and do not take into consideration the landlord’s perspective. This analysis evaluates the profitability and risk efficiency of no-till management and carbon credits in Arkansas rice production from the prospective if the landlord using simulation and stochastic efficiency with respect to a function (SERF). The results indicate carbon credits may have potential to enhance preference for...
Tipo: Conference Paper or Presentation Palavras-chave: Certainty equivalent; Landlord; No-till; Rice; Risk premium; Farm Management; Production Economics; Risk and Uncertainty.
Ano: 2009 URL: http://purl.umn.edu/45806
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GREEN SUBSIDIES IN AGRICULTURE: ESTIMATING THE ADOPTION COSTS OF CONSERVATION TILLAGE FROM OBSERVED BEHAVIOR AgEcon
Kurkalova, Lyubov A.; Kling, Catherine L.; Zhao, Jinhua.
Because of payoff uncertainties combined with risk aversion and/or real options, farmers may demand a premium in order to adopt conservation tillage practices, over and above the compensation for the expected profit losses (if any). We propose a method of directly estimating the financial incentives for adopting conservation tillage and distinguishing between the expected payoff and premium of adoption based on observed behavior. We find that the premium may play a significant role in farmers' adoption decisions.
Tipo: Working or Discussion Paper Palavras-chave: Adoption subsidies; Conservation Security Program (CSP); Conservation tillage; Risk premium; Environmental Economics and Policy.
Ano: 2003 URL: http://purl.umn.edu/18517
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Measuring the Potential of Unilateral CDM - A Pilot Study - AgEcon
Jahn, Michael; Michaelowa, Axel; Raubenheimer, Stefan; Liptow, Holger.
The Clean Development Mechanism (CDM) was originally seen as an instrument with a bilateral character where an entity from an industrialised country invests in a project in a developing country (DC). Also, multilateral funds were envisaged that would bundle investments to spread project risks. The sluggish implementation of incentives for industrialised country companies to embark on CDM projects and low carbon prices led to a preference of just buying Certified Emission Reductions (CERs) instead of investing in projects. Thus a third option has gained prominence - the unilateral option where the project development is planned and financed within the DC. We propose that a project should be called "pure unilateral" if it involves no foreign direct...
Tipo: Working or Discussion Paper Palavras-chave: Clean Development Mechanism; Unilateral; Institutions; Project participants; Financing; Risk premium; Environmental Economics and Policy; Q25; O13.
Ano: 2004 URL: http://purl.umn.edu/26400
Registros recuperados: 6
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