Potential of alternative production practices and rental arrangements for risk management of both landlord and tenant, individually and jointly, is examined. Mathematical programming and simulation is used to study a hypothetical Arkansas soybean producer. Results indicate importance of lease...

This paper reviews the features and uses of some recent biophysical and bioeconomic simulation models in agricultural economics research. Problems associated with earlier models are discussed and the extent to which recent simulators have addressed these concerns is appraised. Some salient...