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| Adams, Damian C.; Kilmer, Richard L.; Moss, Charles B.; Schmitz, Andrew. |
| Courts are often required to estimate changes in welfare to agricultural operations from catastrophic events. For example, courts must assign damages in lawsuits, such as with pesticide drift cases, or determine "just compensation" when the government takes private land for public use, as with the removal of dairy farms from environmentally sensitive land or destruction of canker-contaminated citrus trees. In economics, the traditional method of quantifying producer losses is estimating changes in producer welfare, but courts rarely use this method. Instead, they turn to substitute valuation methods that may not fully capture welfare changes, such as changes in land value, tree replacement value, and total revenue. This study examines various measures for... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Citrus; Perennial crops; Catastrophic loss; Damages; Freeze; Crop Production/Industries. |
| Ano: 2004 |
URL: http://purl.umn.edu/15673 |
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| Adams, Damian C.; Kilmer, Richard L.; Moss, Charles B.; Schmitz, Andrew. |
| Courts are often required to estimate changes in welfare to agricultural operations from catastrophic events. For example, courts must assign damages in lawsuits, such as with pesticide drift cases, or determine 'just compensation' when the government takes private land for public use, as with the removal of dairy farms from environmentally sensitive land or destruction of canker-contaminated citrus trees. In economics, the traditional method of estimating changes in producer welfare is the computation of lost producer surplus, but courts rarely use this method. Instead, they turn to substitute valuation methods that may not fully capture welfare change, such as changes in land value, tree replacement value, and total revenue. This study examines various... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Citrus; Perennial crops; Catastrophic loss; Damages; Freeze; Crop Production/Industries. |
| Ano: 2003 |
URL: http://purl.umn.edu/15684 |
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