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When to Get In and Out of Dairy Farming: A Real Option Analysis
Tauer, Loren W. - Agricultural and Applied Economics Association - AAEA - 2006
The Dixit entry/exit real option model was applied to the entry/exit decisions of New York dairy farmers. For the cost structure of a 500-cow farm the entry milk price is $17.52 per hundredweight (cwt.) and the exit milk price is $10.84. For the 50-cow farm cost structure the entry price is...
Persistent link: https://www.econbiz.de/10005804905
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Optimal Timing of Farmland Investment - An Experimental Study on Farmers' Decision Behavior -
Maart, Syster Christin; Musshoff, Oliver - Agricultural and Applied Economics Association - AAEA - 2011
Replaced with revised version of paper 5/26/11.
Persistent link: https://www.econbiz.de/10009020949
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Investment and Disinvestment in Irrigation Technology – An Experimental Analysis of Farmers’ Decision Behavior –
Ihli, Hanna Julia; Maart, Syster Christin; Musshoff, Oliver - Agricultural and Applied Economics Association - AAEA - 2012
, uncertainty arises from weather and climatic conditions. (Dis)investment in irrigation technology on farms has become more … choose to postpone (dis)investments that appear to be immediately profitable. We combine investment and disinvestment … investment and disinvestment behavior of farmers. In our study, we consider a simple optimal stopping (dis)investment problem in …
Persistent link: https://www.econbiz.de/10011070116
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Investment Behavior of Ugandan Smallholder Farmers: An Experimental Analysis
Ihli, Hanna Julia; Musshoff, Oliver - Institut für Agrarökonomie, Georg-August-Universität … - 2013
In this study, we experimentally analyze the investment behavior of smallholder farmers in Uganda. We consider a … options approach and the classical investment theory can predict farmers’ investment behaviors. We also examine differences in … the investment behavior with respect to the presence of a price floor, which is often used to stimulate investments …
Persistent link: https://www.econbiz.de/10010880186
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Real option models for simulating digester system adoption on livestock farms in Emilia-Romagna
Bartolini, Fabio; Gallerani, Vittorio; Viaggi, Davide - European Association of Agricultural Economists - EAAE - 2010
biogas production. The model implemented is based on a real option approach that includes investment irreversibility and …
Persistent link: https://www.econbiz.de/10008465930
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Modelling the adoption of automatic milking systems in Noord-Holland
Floridi, Matteo; Bartolini, Fabio; Peerlings, Jack; … - In: Bio-based and Applied Economics Journal (2013) 1
Innovation and new technology adoption represent two central elements for the business and industry development process in agriculture. One of the most relevant innovations in dairy farms is the robotisation of the milking process through the adoption of Automatic Milking Systems (AMS). The...
Persistent link: https://www.econbiz.de/10010909199
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Minnesota dairy farm financial resiliency summary report
Gambonini, Alexandra; Hadrich, Joleen C.; Wehe, Madelyn - 2022
Persistent link: https://www.econbiz.de/10012880713
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Financial performance of beginning dairy farmers in Minnesota
Weir, Rebecca; Hadrich, Joleen C.; Jablonski, B. B. R.; … - 2022
Persistent link: https://www.econbiz.de/10013447793
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Expanding biogas on UK dairy farms: a question of scale
Butler, Allan J.; Hobbs, Phil; Winter, Michael - Agricultural Economics Society - AES - 2011
Expanding Anaerobic Digestion (AD) in the UK will not only depend upon finding appropriate economic structures to support on‐farm developments but also an appreciation of environmental issues such as less Greenhouse Gas (GHG) emissions; reduced use of artificial fertilisers; and better...
Persistent link: https://www.econbiz.de/10009203299
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The Pattern of Austrian Dairy Farm Household Strategies
Krammer, Monika; Larcher, Manuela; Vogel, Stefan; … - In: Journal of International Agricultural Trade and Development 61 (2012) 2
Developments in the agriculture sector, such as the European Union (EU) Common Agricultural Policy reforms and the increasing volatility of the markets due to liberalisation processes, pose far-reaching challenges to farm household development, and especially the most affected sectors, such as...
Persistent link: https://www.econbiz.de/10011250301