The effect of sampling error in estimation of farmers’ mean yields for crop insurance purposes is explored using farm-level corn yield data in Iowa from 1990 to 2000 and Monte Carlo simulations. We find that sampling error combined with nonlinearities in the insurance indemnity function will...

An agricultural household model provides the framework for modeling off-farm work participation and off-farm and on-farm work decisions of farm operators. The empirical results are obtained from fitting the econometric model to data from a large national survey. In the estimated structural...

The main objective of this paper is to evaluate the profitability and financial feasibility of three alternative scenarios to convert from beef-cattle farming to game ranching. The analyses acknowledge the importance of quantifying the probability of failure or success when making investment...

The objective of this study is to undertake a meta-analysis seeking to explain the variation in average technical efficiency focusing on the agricultural sector. For this purpose, a meta-analysis of 126 technical efficiency studies on the agricultural sector of developing and developed countries...

This paper reports on the development of 4 new instruments to measure impacts of an extension program on farming family participants. A case study approach within an action research framework incorporating qualitative and quantitative domains was adopted to explore the impact on Queensland...

In order to meet the changing needs and preferences of consumers it will be importantfor Belgian glasshouse growers to change from a production-driven to a customer-drivenstrategy. More than ever, use of information and product innovation become critical factors in the changing competitive...

This paper estimates long-run price (wage) elasticities of demand for regular farm labour in South Africa using both Ordinary Least Squares (OLS) regression and a Two-stage Least Squares (2SLS) simultaneous-equation model for the period 1960-2002. Both models include a piecewise interactive...

Off-farm employment has been an integral part of the emerging structure of production agriculture in the South. Government farm program payments, farm structure, and strong non-farm economy have important impact on labor allocation, farm and non-farm labor, decision of farm operators. The...

Land and market imperfections shape the organization of agricultural production and lead to differentproduction regimes within rural farm households in South Africa. This paper presents a theoretical modelto explain the presence of three main households groups (classes) determined on the basis...

According to Ricardian rent theory, the value of farm assets is equal to the discounted present value of future expected net rents from farm returns, and the discounted expected value of the land if converted to nonfarm development. Some recent research has considered modifying this standard...