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STOCHASTIC TECHNOLOGY, RISK PREFERENCES AND ADOPTION OF SITE-SPECIFIC TECHNOLOGIES AgEcon
Isik, Murat; Khanna, Madhu.
This paper develops a model of farmer decision-making to examine the extent to which uncertainties about the performance of site-specific technologies (SSTs) and about the weather impact the value of these technologies. The model uses the jointly estimated risk and technology parameters to examine the impacts of SSTs on returns and nitrogen pollution. The availability of uncertain soil information and production uncertainty can lead risk-averse farmers to apply more fertilizers and generate more pollution. Ignoring the impact of uncertainty and risk preferences of farmers leads to a significant overestimation of the economic and environmental benefits of SSTs and underestimation of the required subsidy for inducing adoption of SSTs. The model that accounts...
Tipo: Conference Paper or Presentation Palavras-chave: Spatial variability; Risk preferences; Joint estimation; Uncertainty; Technology adoption; Nitrogen runoff; Research and Development/Tech Change/Emerging Technologies.
Ano: 2002 URL: http://purl.umn.edu/19858
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Agri-Environmental Policy at the Crossroads: Guideposts on a Changing Landscape AgEcon
Claassen, Roger; Hansen, LeRoy T.; Peters, Mark; Breneman, Vincent E.; Weinberg, Marca; Cattaneo, Andrea; Feather, Peter; Gadsby, Dwight M.; Hellerstein, Daniel; Hopkins, Jeffrey W.; Johnston, Paul V.; Morehart, Mitchell J.; Smith, Mark.
Agri-environmental policy is at a crossroads. Over the past 20 years, a wide range of policies addressing the environmental implications of agricultural production have been implemented at the Federal level. Those policies have played an important role in reducing soil erosion, protecting and restoring wetlands, and creating wildlife habitat. However, emerging agri-environmental issues, evolution of farm income support policies, and limits imposed by trade agreements may point toward a rethinking of agri-environmental policy. This report identifies the types of policy tools available and the design features that have improved the effectiveness of current programs. It provides an indepth analysis of one policy tool that may be an important component of a...
Tipo: Report Palavras-chave: Conservation programs; Environmental policy; Agricultural policy; Policy instruments; Agricultural program design; Soil erosion; Nitrogen runoff; Environmental Economics and Policy.
Ano: 2001 URL: http://purl.umn.edu/33983
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