Using the Bichel Committee's report as a source, this brief is a summary of farmers' loss of operating profits in relation to the transfer to pesticide free cultivation. The summary involves the case-area of Havelse Kildeplads, an area of drinking water reclamation situated at Frederikssund in...

Current methods of risk management focus on efficiency and do not provide operational answers to the basic question of how to optimise and balance the two objectives, maximisation of expected income and minimisation of risk. This paper uses the Capital Asset Pricing Model (CAPM) to derive an...

The importance of risk management increases as farmers become more exposed to risk. But risk management is a difficult topic because income risk is the result of the complex interaction of multiple risk factors combined with the effect of an increasing array of possible risk management tools. In...

This paper presents the results of an analysis that predicts the scale efficiency of individual farms and analyses the differences in scale efficiency over time and between farms. Representative farm account data for 1985--2006 are used, and the study applies stochastic frontier analysis using...

In a recent paper Rasmussen (Rasmussen 2003) derived criteria for optimal production under uncertainty based on the state-contingent approach developed by Chambers and Quiggin (2000). While the criteria in the 2003-paper were derived for the one variable input case, and for different types of...

This paper describes a cost function approach to modelling production and resource use at the level of the individual farm firm. The procedure for deriving the supply function using mathematical programming under fairly general condition of a convex input set is shown, and the model is...

The state-contingent approach to production economics presented by Chambers and Quiggin provides a new basis for deriving optimality criteria for production under uncertainty. In the present paper criteria are formally derived for risk-averse producers. It is not possible to derive useful...

Preface -- 1 Introduction -- 2 The Production Function -- 3 Optimisation with One Input -- 4 Production and Optimisation with Two or More Inputs -- 5 Costs -- 6 Productivity, Efficiency and Technological Changes -- 7 Input Demand Functions -- 8 Land and Other Inputs -- 9 The Company's Supply...