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Technology Adoption in French Agriculture and the Role of Financial Constraints 31
Blancard, Stephane; Boussemart, Jean-Philippe; Briec, W.; Kerstens, Kristiaan.
Successive CAP reforms have increased the exposure of European agriculture to market forces. As a result, farmers have become preoccupied with their competitiveness and have progressively adopted best practices. However, these long-run technological adjustments could be slowed down by eventual shortrun financial constraints. This contribution measures the role of these financial constraints on the catching-up component of total factor productivity for a panel of French farmers in Nord-Pas-de-Calais region during 1994-2001. For TFP estimates based on non-parametric distance functions, the second stage econometric results indicate that the technological adaptation is significantly conditioned by financial constraints.
Tipo: Conference Paper or Presentation Palavras-chave: TFP catching-up; Distance function; Financial constraints; Agricultural Finance; Farm Management; Research and Development/Tech Change/Emerging Technologies.
Ano: 2008 URL: http://purl.umn.edu/44160
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How can allocative inefficiency reveal risk preference? An empirical investigation on French wheat farms 31
Blancard, Stephane; Boussemart, Jean-Philippe; Crainich, D.; Leleu, Herve.
We focus on a simple framework on wheat producer behaviour in a context of price output uncertainty. More precisely, we establish a relationship between ex post output price level and allocative inefficiency that allows to characterize farmers’ risk preferences. Given this analysis, the connection between risk aversion and other socioeconomic variables (such as degree of output specialisation, total asset, debts, farmer’s age…) can furthermore empirically be explored. This relationship is empirically tested on an unbalanced panel including about 650 wheat producers located in the French Department of Meuse over 1992- 2003.
Tipo: Conference Paper or Presentation Palavras-chave: Producer behaviour; Allocative inefficiency; Risk aversion; Crop Production/Industries; Risk and Uncertainty.
Ano: 2008 URL: http://purl.umn.edu/44208
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