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| Aldana, Ursula; Foltz, Jeremy D.; Barham, Bradford L.; Useche, Pilar. |
| GM corn seed companies have innovated continuously with the introduction of new traits and, more recently, with the creation of stacked varieties, which combine more than one trait. This work develops a Bayesian model of adoption dynamics that demonstrates how uncertainty with a package technology with known risk can lead to a sequential adoption pattern in which farmers adopt a single component first. We then develop a semiparametric panel data model of adoption dynamics to measure the effects of experience with single trait (non-stacked) varieties on the adoption of stacked varieties. The results underscore the importance of early experience with the non-stacked technology in the subsequent adoption of stacked varieties, i.e., a sequential adoption... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Crop Production/Industries. |
| Ano: 2010 |
URL: http://purl.umn.edu/61821 |
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| Foltz, Jeremy D.; Aldana, Ursula. |
| This work has developed a theoretically consistent model of a farm household's choice between working on-farm and working off-farm and the effects of that choice on farm investment choices. The theory demonstrates the potential for wages driven by local economic conditions to be more important to dairy farm investment decisions than characteristics of dairy farms and farmers. The switching regression model developed from the theory is then tested with data from a representative sample of Wisconsin dairy farms. The econometric results demonstrate the importance of wages to farm investment decisions. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management. |
| Ano: 2006 |
URL: http://purl.umn.edu/21185 |
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