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EFFECT OF RISK PERSPECTIVE ON FERTILIZER CHOICE BY SHARECROPPERS 31
Paudel, Krishna P.; Lohr, Luanne; Martin, Neil R., Jr..
Peanut and corn are two major crops in the tri-state area of the Southeast US, an area encompassing North Florida, Southwest Georgia, and Southeast Alabama. Sharecroppers in this region apply higher amount of input in crop production than the average farmers. We analyzed the behavior of sharecroppers in this region with regard to their fertilizer application decisions. Two hypotheses were formulated and tested based on sharecroppers' fertilizer application decisions: one assuming that sharecroppers are risk averse farmers and the other assuming that sharecroppers are regret minimizers. Our results show that a sharecropper uses different fertilizer treatments when minimizing risk depending on risk perspective and desired income. Sharecroppers who apply...
Tipo: Working or Discussion Paper Palavras-chave: Southeast U.S.; Sharecroppers; Regret minimizer; Risk averse; Peanut-Corn rotation; Farm Management; Risk and Uncertainty.
Ano: 2000 URL: http://purl.umn.edu/23814
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