| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
PRODUCER'S PREFERENCE FOR A COTTON FARMER OWNED RESERVE: AN APPLICATION OF SIMULATION AND STOCHASTIC DOMINANCE
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| Autores: |
Richardson, James W.
Nixon, Clair J.
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| Data: |
2003-12-29
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| Ano: |
1982
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| Palavras-chave: |
Crop Production/Industries
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| Resumo: |
The benefits to a typical High Plains cotton farmer from a cotton farmer owned reserve were estimated using a firm-level, income tax and farm policy simulation model. Eighteen farm programs were simulated including twelve variations of a farmer owned reserve using different entry prices and trigger prices. The after-tax net present value distributions for the different farm programs were compared using stochastic dominance. The results indicate that risk averse cotton producers should prefer the 1977 farm program to either a cotton farmer owned reserve or the farm program proposed by Secretary of Agriculture Block.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
11817
http://purl.umn.edu/32421
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| Editor: |
AgEcon Search
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| Relação: |
Western Journal of Agricultural Economics>Volume 07, Number 01, July 1982
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| Formato: |
10
application/pdf
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