Although significant research has been done on managing farmers’ financial risk through federal programs such as federal crop insurance, to date, little attention has been paid to the ability of on-farm management’s potential to mitigate agricultural risk. Federal crop insurance could...

In this paper, we generalize the rational addiction model to include three addictive goods: cigarettes, alcohol and coffee. We use a pseudo-panel data approach which has many advantages compared to aggregate and panel data. While cigarette and coffee demands fit well with the rational addiction...

We exploit variation in the timing of specialty crop insurance supply to different crops and counties in California to assess its effect on output as decomposed into yield and harvested acreage. Four woody-perennial crops and one field-annual crop are used to represent this effect. We find that...

Texas High Plains (THP) is a major cotton producing region in the US with low rainfall and decreasing irrigation water availability. Hence stochastic rainfall poses considerable production risk in the region and developing strategies to maximize the average profit and minimize the year to year...

The purpose of this study is to evaluate agricultural producer response to opportunities to generate nutrient credits under Virginia’s water quality trading program. In 2005 the Virginia legislature passed legislation authorizing trade of nutrient reduction credits from nonpoint to...

We conducted a natural field experiment in an artisanal sit-down ice-cream shop in Italy to investigate whether consumer choices are affected by information regarding locally grown products. Two aspects of locally grown products are investigated: (i) quality due to terroir (i.e., quality with a...

In this paper we demonstrate a method for measuring the eect of spatial interactions on the adoption of hybrid rice using a unique, nationally-representative data set from Bangladesh. Based on resulst from a generalized spatial two-stage least squares estimation, we have shown that neighbor...

One of the most important groundwater problems in Oregon, Washington and Idaho is the long-term decline of the groundwater surface level, which has been intensified by wells through discharging water from aquifers. Groundwater contamination from agriculture aggravates the depletion problem in...