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ALTERNATIVE PARAMETER SPECIFICATION IN E, V ANALYSIS: IMPLICATIONS FOR FARM LEVEL DECISION MAKING AgEcon
Adams, Richard M.; Menkhaus, Dale J.; Woolery, Bruce A..
This study compares the structure of E, V frontiers under several specifications of expected income and variance parameters with emphasis on fundamental differences in efficient crop mixes. The results are generated using data from a specific production region and a selected set of cropping activities for Wyoming. The risk-efficient frontiers and underlying crop mixes display sensitivity to alternative parameter definitions and suggest that if researchers intend to use the E, V approach in providing decision information to producers, care should be exercised in the choice of income and risk measures.
Tipo: Journal Article Palavras-chave: Farm Management.
Ano: 1980 URL: http://purl.umn.edu/32530
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AMENITIES IN AN URBAN EQUILIBRIUM MODEL: RESIDENTIAL DEVELOPMENT IN PORTLAND, OREGON AgEcon
Wu, JunJie; Adams, Richard M.; Plantinga, Andrew J..
This paper analyzes the effect of open space and other amenities on housing prices and development density within the framework of an urban equilibrium model. The model is estimated as a system of equations that includes households' residential choice decisions and developers' development decisions and emphasizes the importance of amenities in the formation of development patterns and property values. The model is applied to Portland, Oregon, where ambitious open space programs have been implemented. The results suggest that amenities are important: households are willing to pay more for newer houses located in areas of less dense development, with more open space, better views, less traffic congestion, and near amenity locations. For the developer,...
Tipo: Conference Paper or Presentation Palavras-chave: Community/Rural/Urban Development; R11; R21; R31.
Ano: 2003 URL: http://purl.umn.edu/21961
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ASSESSING THE COSTS AND ENVIRONMENTAL CONSEQUENCES OF AGRICULTURAL LAND USE CHANGES: A SITE-SPECIFIC, POLICY-SCALE MODELING APPROACH AgEcon
Wu, JunJie; Adams, Richard M.; Kling, Catherine L.; Tanaka, Katsuya.
The growth in federal conservation programs has created a need for policy modeling frameworks capable of measuring micro-level behavioral responses and macro-level landscape changes. This paper presents an empirical model that predicts crop choices, crop rotations, and conservation tillage adoption as a function of conservation payment levels, profits, and other variables at more than 42,000 agricultural sites of the National Resource Inventory (NRI) in the Upper Mississippi River Basin. Predicted changes in crop choices and tillage practices are then fed into site-specific environmental production functions to determine changes in nitrate runoff and leaching and in water and wind erosion at each NRI site. This policy-scale model is applied to the case of...
Tipo: Working or Discussion Paper Palavras-chave: Agricultural policy; Conservation practices; Green payments; Land use changes; Nitrate runoff and leaching; Non-point pollution; Soil erosion; Environmental Economics and Policy; Land Economics/Use.
Ano: 2003 URL: http://purl.umn.edu/18475
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THE ROLE OF SOIL TEST INFORMATION IN REDUCING GROUNDWATER POLLUTION AgEcon
Fleming, Ronald A.; Adams, Richard M.; Ervin, David E..
Testing soils for nutrients is expected to improve groundwater quality. However, it is unknown whether soil testing will improve groundwater quality sufficiently to decrease the demand for direct regulation of agricultural practices. Focusing on an irrigated agricultural region in eastern Oregon, the economic and environmental aspects of soil testing are assessed using a spatially distributed, dynamic simulation model which links economic behavior with the physical processes that determine groundwater quality. Results indicate that soil testing of all fields increases farm profits and reduced groundwater nitrate concentration. However, the benefits are small in terms of potential improvements in groundwater quality
Tipo: Journal Article Palavras-chave: Environmental Economics and Policy.
Ano: 1998 URL: http://purl.umn.edu/31171
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COMBINING ECONOMIC AND BIOLOGICAL DATA TO ESTIMATE THE IMPACT OF POLLUTION ON CROP PRODUCTION AgEcon
Dixon, Bruce L.; Garcia, Philip; Adams, Richard M.; Mjelde, James W..
Duality methods utilizing a profit function framework are employed to estimate the output elasticity of ambient ozone levels on cash grain farms in Illinois. While duality methods have been recommended as a cure to many of the statistical problems of direct estimation of production functions, multicollinearity may still be a problem. A method for utilizing stochastic information on parameters of a seemingly unrelated system of equations, which is implied by profit function estimation, is developed and applied to measuring the impact of ozone. Such an approach may be necessary in measuring other environmental effects because of a lack of regressor variability.
Tipo: Journal Article Palavras-chave: Crop Production/Industries; Environmental Economics and Policy.
Ano: 1984 URL: http://purl.umn.edu/32140
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THE ECONOMIC CONSEQUENCES OF ENSO EVENTS: THE 1997-98 EL NINO AND THE 1998-99 LA NINA AgEcon
Adams, Richard M.; Chen, Chi-Chung; McCarl, Bruce A.; Weiher, Rodney.
Climate is the primary determinant of agricultural productivity. In many parts of the world, including the United States, one can trace much of the year-to-year variations in climate to the El Nino-Southern Oscillation phenomenon. In 1997-98 the world experienced a severe El event and this is being flowed by a strong 1998-99 La Nina. The work underlying this develops estimates of the economic consequences of these events on U.S. agriculture. Both phases result in economic damages -- a $1.5 to $1.7 billion loss for the El Nino and a $2.2 to $6.5 billion for La Nina. The major conclusion is that ENSO events do impose costs on agriculture and consumers.
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 1998 URL: http://purl.umn.edu/24013
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FARM-LEVEL RESPONSE TO AGRICULTURAL EFFLUENT CONTROL STRATEGIES: THE CASE OF THE WILLAMETTE VALLEY AgEcon
Taylor, Michael L.; Adams, Richard M.; Miller, Stanley F..
This article examines economic incentives and other mechanisms to offset non-point source pollution from agriculture. A biophysical simulator to estimate technical relationships is linked to linear programming models for representative farms in the Willamette Valley of Oregon. The models are then optimized for profit maximization under alternative non-point pollution control policies. The results indicate that site-specific resource conditions and production possibilities greatly influence policy effectiveness and the cost of achieving pollution abatement. Nevertheless, some abatement is possible on all farms for relatively little cost.
Tipo: Journal Article Palavras-chave: Environmental Economics and Policy.
Ano: 1992 URL: http://purl.umn.edu/30744
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WELFARE EFFECTS OF FISHERY POLICIES: NATIVE AMERICAN TREATY RIGHTS AND RECREATIONAL SALMON FISHING AgEcon
Lin, Pei-Chien; Adams, Richard M.; Berrens, Robert P..
Severe declines in Pacific Northwest salmon stocks, coupled with increasing recreational demands, and judicial decisions supporting Native American fishing rights create challenges for fishery agencies. This article explores the welfare effects on recreational anglers of alternative salmon allocation policies to meet Native American treaty rights. A discrete choice random utility model, coupled with a Poisson trip frequency model, is used to analyze these welfare effects. The model is fit to survey data from the Willamette River spring chinook fishery, an important recreational fishery in Oregon. Management options have dramatically different welfare effects.
Tipo: Journal Article Palavras-chave: Resource /Energy Economics and Policy.
Ano: 1996 URL: http://purl.umn.edu/31024
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Improving the Efficiency of Wildlife Management: An Application to Waterfowl Production in the Prairie Pothole Region AgEcon
Rashford, Benjamin S.; Adams, Richard M..
Wildlife management agencies increasingly use economic analyses to improve the efficiency of their management policies. Few economic studies consider supply-side analyses for wildlife management, due, in part, to a lack of biological response data that capture the full range of management strategies and the influence of landscape characteristics. This paper uses a simulation model to generate biological response functions, which are then embedded within an economic model to determine least cost management strategies. The procedure is applied to waterfowl management in the Prairie Pothole Region of the northern Great Plains. Results highlight management inefficiencies that result from oversimplified response functions that do not account for non-linear...
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2005 URL: http://purl.umn.edu/19517
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FORECASTING PRICE MOVEMENTS: AN APPLICATION OF DISCRIMINANT ANALYSIS AgEcon
Menkhaus, Dale J.; Adams, Richard M..
The purpose of this paper is to demonstrate a technique, discriminant analysis, which may be useful in predicting the direction of movement between fall feeder calf prices and spring yearling prices. The results of the discriminant analysis model are then compared with a conventional regression approach in terms of relative accuracy of predictions. The usefulness of incorporating the direction of price movement as a variable in a price prediction model is also evaluated. Generally, the results suggest that the discriminant analysis approach provides useful information, and the directional variable improves forecasts when incorporated into a traditional forecasting model.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 1981 URL: http://purl.umn.edu/32587
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DROUGHT AND CLIMATE CHANGE: IMPLICATIONS FOR THE WEST AgEcon
Adams, Richard M.; Peck, Dannele E..
Tipo: Journal Article Palavras-chave: Environmental Economics and Policy.
Ano: 2002 URL: http://purl.umn.edu/27990
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EFFICIENT PATTERNS OF CONSERVATION ACTIVITIES IN A WATERSHED: THE CASE OF THE GRANDE RONDE RIVER, OREGON AgEcon
Watanabe, Michio; Adams, Richard M.; Wu, JunJie.
This research examines a spatially explicit allocation of habitat restoration activities in an Oregon watershed to meet water temperature targets for the benefit of endangered salmonid fish species. Integrating hydrological, biological and economic models, a series of optimization problems are investigated for different policy targets including temperature reductions and enhanced fish populations. Results indicated that the heterogeneous nature of riparian conditions and stream morphology needs to be considered if restoration activities are to be allocated efficiently in a watershed. We also found that it is less costly to implement restoration activities in tributaries if the objective is to maximize stream length where water temperatures decrease by a...
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2003 URL: http://purl.umn.edu/21995
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IMPLICATIONS OF GLOBAL CLIMATE CHANGE FOR WESTERN AGRICULTURE AgEcon
Adams, Richard M.; McCarl, Bruce A.; Dudek, Daniel J.; Glyer, J. David.
Global climate change from increases in atmospheric carbon dioxide and other trace gases is an issue of international concern. Adverse climate conditions are expected to reduce crop yields and alter the demand for and supply of water. These potential adjustments imply economic costs to agriculture and its constituents. This paper explores possible economic implications for U.S. agriculture, with particular reference to the West. Results from a series of spatial equilibrium model analyses suggest that climate change is not a food security issue for the United States. However, regional adjustments in agricultural production and associated resource use are expected. This implies additional pressure in rural communities. Environmental quality reductions are...
Tipo: Journal Article Palavras-chave: Environmental Economics and Policy.
Ano: 1988 URL: http://purl.umn.edu/32124
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MICRO VERSUS MACRO ACREAGE RESPONSE MODELS: DOES SITE-SPECIFIC INFORMATION MATTER? AgEcon
Wu, JunJie; Adams, Richard M..
Because requisite micro data frequently are unavailable, it is common practice to use aggregate data to estimate economic relationships representing the behavior of individual agents. A substantial body of literature has examined conditions under which inferences between micro and aggregate specifications can be made. Less attention has been focused on the relative accuracy of predictions for each scale of model. In an empirical application, we compare the goodness-of-fit measures of eight sets of acreage response models, varying in aggregation from field- (micro-) level to regional- (macro-) level models. Results suggest aggregate models are superior to the micro model in predicting acreage response, even thought the micro models contain substantially...
Tipo: Journal Article Palavras-chave: Agribusiness.
Ano: 2002 URL: http://purl.umn.edu/31074
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DEFINING THE 'SAVING' IN AGRICULTURE WATER WHEN IRRIGATION TECHNOLOGY IS A CHOICE VARIABLE: THE CASE OF THE KLAMATH BASIN AgEcon
Burke, Susan M.; Adams, Richard M..
Increasing demand for water in the environment has increased the cost of irrigation water in agriculture leading to the adoption of water saving irrigation technologies, reducing agricultural return flows. However, when agricultural return flows are a source of environmental supply 'savings' soon disappear because of the reduced agricultural return flows
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 1999 URL: http://purl.umn.edu/35683
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Effects of Climate Change on Water Resources AgEcon
Adams, Richard M.; Peck, Dannele E..
Tipo: Journal Article Palavras-chave: Environmental Economics and Policy; Resource /Energy Economics and Policy; Q25; Q54.
Ano: 2008 URL: http://purl.umn.edu/94496
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SOME IMPLICATIONS OF LABOR ADJUSTMENTS IN A DUAL ECONOMY FRAMEWORK: WYOMING'S ENERGY-AGRICULTURE INTERFACE AgEcon
Adams, Richard M..
Tipo: Journal Article Palavras-chave: Labor and Human Capital.
Ano: 1977 URL: http://purl.umn.edu/32217
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The persistence of drought impacts across growing seasons: a dynamic stochastic analysis AgEcon
Peck, Dannele E.; Adams, Richard M..
Agricultural producers throughout much of the United States experienced one of the most severe droughts in the last 100 years during the years 1999-2006. The prolonged nature of this drought highlights a need to better understand the impacts and management of drought across growing seasons, rather than just within a growing season. Producers express specific concern about the tendency of drought impacts to persist even after drought itself has subsided. The persistence of drought impacts has received limited attention in the economics literature. The objectives of this study are two-fold: 1) to determine whether inter-year dynamics, in the form of agronomic constraints and financial flows, can cause persistence of a drought's impact in years subsequent...
Tipo: Conference Paper or Presentation Palavras-chave: Drought; Preparedness; Response; Uncertainty; Dynamics; Discrete stochastic programming; Agriculture; Irrigation; Eastern Oregon; Row crops; Crop rotation; Crop Production/Industries; Risk and Uncertainty.
Ano: 2007 URL: http://purl.umn.edu/9253
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PROJECTED CROPLAND REQUIREMENTS AND LAND AVAILABILITY FOR MAJOR U.S. PRODUCTION REGIONS AgEcon
Santana, Carlos Augusto M.; Adams, Richard M..
The decade of the 70’s witnessed an expansion in U.S. cropped acreage in response to rising foreign demand. During this same period, substantial acreages of cropland were converted to non-agricultural uses. An issue arising from these land adjustments is whether available cropland will constrain agricultural production in the near future? This paper provides some insight by developing cropland requirements to meet 1985 demand for major U.S. commodities and then compares these projections with recent data in cropland availability. The results indicate that agricultural production should not be constrained by land availability at the national level, even in the event of high demand levels and slowed yield growth. When the analysis is extended to...
Tipo: Journal Article Palavras-chave: Land Economics/Use.
Ano: 1981 URL: http://purl.umn.edu/32075
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