The allocation of variable inputs among crops is a common problem in applied studies that use farm accountancy data. Standard farm accounting information is typically restricted to aggregate or whole-farm input expenditures; there are usually no details on how these expenditures are split among...

The first purpose of this paper is to propose theoretical justifications for using Logit acreage share models. Two approaches are presented: the Logit shares can be derived from a well defined profit function or derived as the result of a set of discrete choices. It is next shown that both...

The European dairy industry faces an increasingly uncertain world. There is uncertainty about, for example, subsidy payment levels and compliance conditions, global competition, price variability, consumer demand, carbon footprints, water quality, animal welfare, food safety, and the...

Policy for agricultural extension services (AES) has been revitalized during the last phases of rural development policies (2007/2013), to empower human capital in agriculture. A wider package of measures aiming at improving the supply of extension at farm level is foreseen and financial...

Whole-farm income insurances are promoted in the new post-2013 Common Agricultural Policy (CAP). The current Crop Damage Compensation (CDC) scheme in Finland covers crop failure for farmers who have suffered losses and applied for the payments. This paper analyses the use of the Income...

Grass production provides Irish dairy farmers with a competitive advantage over many of their mainland European counterparts by providing a cheap feed source. The temperate climate in Ireland favours the production of grass, however production is highly seasonal with little growth over the...

Applying a bio-economic whole farm model we assess the impact of price and weather risk as well as different risk management strategies on the variability of the income in Swiss suckler cow production. We consider different on-farm risk management strategies such as the flexible adjustment of...

Since the late 1990s scientists have discussed the use of weather derivatives to hedge weather conditioned yield volatility in the agricultural sector. The hedging efficiency is depending on the contract design (Weather-Index, Strike-Level, Tick-Size). The basis risk consisting of the basis risk...