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	Provedor de dados AgEcon (1) Autor Isik, Murat (1) Yang, Wanhong (1) Palavra-chave Agricultural and Food Policy (1) CRP (1) Conservation (1) Farmer participation (1) Land rental payments (1) Option values (1) Uncertainty (1) Mais... Tipo do documento Journal Article (1) Ano 2004 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última An Analysis of the Effects of Uncertainty and Irreversibility on Farmer Participation in the Conservation Reserve Program AgEcon Isik, Murat; Yang, Wanhong. A real options model is developed to examine the determinants of farmer participation in the Conservation Reserve Program (CRP). This study contributes to the literature by developing a framework for ex post analysis of uncertainty and irreversibility. It extends the applications of real options models to analyze farmer participation in the CRP. The model incorporates land and owner attributes, and determines whether uncertainty and irreversibility affect the probability of participation. Option values play a significant role in farmer decisions to retire land by reducing the probability of participation. These results have implications for the design and implementation of conservation programs. Tipo: Journal Article Palavras-chave: Conservation; CRP; Farmer participation; Land rental payments; Option values; Uncertainty; Agricultural and Food Policy. Ano: 2004 URL: http://purl.umn.edu/31113 Registros recuperados: 1 Primeira ... 1 ... Última

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