A proposed Yield Reserve Program designed to compensate farmers for any reduced yields resulting from reduced nitrogen (N) application rates below recommended rates is evaluated. Assuming that farmers currently follow extension recommendations for applying N, Yield Reserve Program participation...

Replaced with revised version of paper 07/23/09.

We evaluate incentives of forest landowners for sequestering and trading carbon, given the risk of carbon loss from hurricanes, and an opportunity to insure their losses. Results of simulation model reveal that the effect of hurricane risk depends on the variability of returns from carbon and...

Rotational grazing can potentially reduce greenhouse gas (GHG) emissions from animal operations. This study investigates potential GHG reductions from rotational grazing farm operations under alternative procedures for defining a carbon credit. As applied to a case study cow-calf operation, GHG...

The effects of phosphorus (P)-based nutrient management plans on economic and environmental risks of dairy and dairy-poultry farms in Virginia were evaluated. Phosphorus-based nutrient management plans can greatly reduce P runoff risk but also reduce farmers' returns. P-based plans cause greater...

The purpose of this paper is to empirically compare the out-of-sample predictive capabilities of artificial neural networks, logit and probit models using dichotmous choice contingent valuation survey data. The authors find that feed-forward backpropagation artificial neural networks perform...

Emission trading programs have been discussed with respect to achieving water quality objectives and future caps on carbon emissions. A significant part of this literature explores the institutional and technical design issues associated with trades involving nonpoint effluent sources and carbon...

A stochastic frontier production function that incorporates a model for technical inefficiency effects is used to investigate the industrial production of Greek food industries. Panel data comes from 29 Greek firms in 1988 through 1992. Parameters considered in the model for inefficiency effects...

A stochastic frontier production function that incorporates a model for technical inefficiency effects is used to investigate the industrial production of Greek food industries. Panel data comes from 29 Greek firms in 1988 through 1992. Parameters considered in the model for inefficiency effects...