Data/hora: 11/06/2024 09:15:40

Provedor de dados: 	31	
País: 	United States	
Título: 	Transition to Organic Cropping Systems under Risk	
Autores: 	Archer,   David W.; Kludze,   Hillarius.	
Data: 	2006-06-01	
Ano: 	2006	
Palavras-chave: 	Risk and Uncertainty.	
Resumo: 	We analyze the risks, returns and optimal adoption strategies for a representative Minnesota farm switching from conventional to organic cropping systems. The EPIC simulation model was calibrated based on the yields observed in a farming systems field study. A farm-level simulation model was constructed using the EPIC simulated crop yields and historical prices.  Results were compared for an expected utility maximizing farm under a range of risk aversion levels, with and without management learning curves and biological transition effects.  A dynamic programming model was then constructed to evaluate the joint effects of machinery replacement decisions, learning curves, and biological transition effects on optimal adoption strategies. Results show that producers will find it optimal to transition to organic systems as rapidly as possible, even with significant learning curves and machinery adjustment costs.	
Tipo: 	Conference Paper or Presentation	
Idioma: 	Inglês	
Identificador: 	21997

http://purl.umn.edu/21278	
Editor: 	AgEcon Search	
Relação: 	American Agricultural Economics Association&gt;2006 Annual meeting, July 23-26, Long Beach, CA

Selected Paper	
Formato: 	24

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