Given the importance of adopting weed resistance management BMPs, it is important to develop methods to compare BMP adoption among farms and to identify factors that affect BMP adoption. Because of the relatively large number of BMPs and interactions among them, a composite index that integrates...

The current Food Stamp Program uses fixed benefit payments that do not provide incentives for participants to improve their nutrient intake. This paper examines an alternative contract using a transfer that increases with expenditures on high nutrient foods as a way to increase nutrient intake...

The EPA has imposed mandatory refuge requirements for Bt crops to prolong the efficacy of Bt. Growers have no economic incentive to plant the required refuge because refuge crops are on average less productive and more risky. This paper evaluates refuge insurance--insurance that pays indemnities...

We specify several count data models, parameterizing the probability densities in terms of their means for easier comparison between models. In addition, we derived a correction of these probability densities for differences in sample sizes, which is a contribution to the count data literature...

This paper develops a principal-agent model of farmer compliance with Bt corn refuge requirements intended to manage the evolution of resistance to the Bt toxin by insect pests. The model endogenizes the price of the technology, the audit rate, and the fine imposed on non-complying farmers when...

This study determines the entry and exit thresholds of table grape farming with irreversible investment under uncertainty. Real option approach is adopted to consider the investment and management flexibility. Also revenue insurance is introduced to consider the effect of the risk management...

The Federal Agriculture Improvement and Reform Act (FAIR) of 1996 ended commodity specific subsidies and resulted in a significant shift in corn and soybean production in 1997. While conservation compliance improved the environmental health of the Central U.S., changes in production due to the...

A common problem in agricultural credit markets in developing countries is the coexistence of a competitive market equilibrium interest rate and credit rationing. The literature typically explains the existence of credit rationing in competitive credit markets using adverse selection and moral...