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Provedor de dados:  AgEcon
País:  United States
Título:  Integrating Farmer Decision-Making to Target Land Retirement Programs
Autores:  Yang, Wanhong
Isik, Murat
Data:  2003-05-07
Ano:  2003
Palavras-chave:  Farm Management
Land Economics/Use
Resumo:  This paper develops a model to examine the impacts of uncertainty about crop production and irreversibility of program participation on determining land rental payments and least-cost land retirement targeting in the Conservation Reserve Enhancement Program. Results show that under risk aversion only, the marginal cost of abatement and the average land rental payment are less than those under risk neutrality. However, under uncertainty and irreversibility, the marginal cost and the average land rental payment are considerably higher than those under risk neutrality or risk aversion only. It is important to incorporate uncertainty and irreversibility into the design of land rental payments and in determining participation constraints.
Tipo:  Conference Paper or Presentation
Idioma:  Inglês
Identificador:  8698
Editor:  AgEcon Search
Relação:  American Agricultural Economics Association>2003 Annual meeting, July 27-30, Montreal, Canada
Selected Paper
Formato:  29


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