In this article a generalised model for calculating the required real rate on capital and the effects of fiscal allowances for the agricultural firm is derived. An empirical illustration is presented for farms in southern and middle Sweden during 1973-1993. This study supports the observation...

A dynamic stochastic business-level land valuation model is derived to analyse how agricultural policy uncertainty regarding reform of the CAP area payment system affects farmland investment incentives. Subjective probability beliefs of Swedish farmers were collected in a survey and used to...

Farm animal welfare (FAW) concerns have prompted scientific research, development and standard setting (especially in the EU and USA) having ethical, production, economic, social, cultural and trade implications. We meta-analyse the literature on consumer willingness to pay (WTP) for FAW,...

This paper derives a generalised dynamic arbitrage model for the aggregated real user cost of capital attributable to the agricultural firm. The applicability of the model is demonstrated by analysing structural differences in investment incentives between the crop, dairy and hog industries for...