Stochastic budgeting is used to simulate the business and financial risk and the performance over a six-year planning horizon on a Norwegian dairy farm. A major difficulty with stochastic whole-farm budgeting lies in identifying and measuring dependency relationships between stochastic...

We have employed a simple model to analyse market regulation in a situation with multifunctional agricultural production, i.e., a public good produced jointly with a private good, and where there is imperfect competition in processing. We have analysed the impact on welfare of two archetype...

This paper examines the welfare effects of the Common Agricultural Policy (CAP) cotton, maize and sugar beet regimes practiced in Greece after its 1981 entry into the European Union. These markets are considered as horizontally related because there are usually the same farmers that use the same...

Subsistence agriculture in Central and Eastern Europe (CEE) has only recently gained interest from agricultural economists. Their origin, their future and even their definition is still not well elaborated. This paper tries to throw light on the issue of subsistence farming in CEE. It first...

Various forms of revenue insurance have been applied in Canada and in the US with relative success. In this paper different combinations of traditional agricultural policies and revenue and yield insurance are analysed for the Spanish olive oil sector. Taking a database containing about half...

This paper proposes a partial equilibrium displacement model that differentiates wheat according to its end-use and country of origin to investigate the impact of alternative European trade policies on wheat supply and demand in France. Transmission, demand and supply elasticities are estimated...

This paper examines the factors influencing farmers' participation in several agri-environmental schemes. A multinominal logit model is used to separate between participating and nonparticipating farmers. In addition this model allows to predict farmers participation in one measure as well as in...

The ongoing negotiations of the World Trade Organization (WTO) on agriculture has triggered an increased interest in the linkages between commodity production and public goods in agriculture. This paper takes a closer look at this issue. Particular emphasis is placed on production economics and...

Latest developments in investment analysis offer a number of valuable insights into how to evaluate investment opportunities encountering the weaknesses of net present value criterion. More specific, irreversibility, uncertainty and the choice of timing are conditions that net present value does...

Understanding the demand profile of rural tourism is a necessary condition for the successful diversification of any rural economy. Although descriptive analyses have been conducted on this issue, a more generalised framework is required that allows us to explore economic analyses. This paper...