In this paper, we assess how production costs and capital accumulation patterns in agriculture have evolved over time, by paying special attention to the influence of risk. A dynamic state-contingent cost-minimisation approach is applied to assess production decisions in US agriculture over the...

This paper analyses the impacts of CAP reforms, particularly subsidies on technical efficiency of crop farms. An output distance function is employed and estimated together with an inefficiency effects model to capture the effects of CAP subsidies and farmer characteristics on farm efficiency....

The disciplinary nature of most existing farm models as well as the issue specific orientation of most of the studies in agricultural systems research are main reasons for the limited use and re-use of bio-economic modelling for the ex-ante integrated assessment of policy decisions. The...

The European dairy industry is facing a number of challenges related to policy changes and global trends that add pressure on their economic performance. This study uses logistic regression to analyze differences in financial and performance indicators between European dairy cooperatives and...

A double hurdle model of off-farm work participation and off-farm labour income was derived and estimated consistent with a farm household model. It was found that rationing and unexpected transaction costs inhibit farm households from participating in off-farm work. The 1992 and the Agenda 2000...

This paper develops primal and dual versions of the dynamic Luenberger productivity growth measures that are based on the dynamic directional distance function and intertemporal cost minimization, respectively. The empirical application focuses on panel data of Dutch dairy farms over the period...

type="main" xml:id="jage12037-abs-0001" <title type="main">Abstract</title> <p>This paper employs a dynamic Data Envelopment Analysis (DEA) model to measure the composition of productivity growth of pesticides and the environmental impacts of pesticides. The application focuses on panel data of Dutch arable farms over the...</p>

Technical information on the production of an externality can be included in a dual profit function to yield insight into the effects of a tax on the externality. The methodology is applied to a tax on nitrogen surplus in the context of future mineral policies for Dutch arable farms. In future...

We analyse farmers' choice between three discrete occupational options: (1) exit and close down the farming operation; (2) exit and transfer the farm to a new entrant; (3) continue farming and retain the option to exit later. The optimisation problem is formulated as a recursive optimal stopping...