We analyze the impacts of agricultural subsidies on farm-level production decisions and input use under price, yield, and policy uncertainty for a risk-averse farmer. Using U.S. farm-level data and weighted ordinary least squares, we find that decoupled payments had little impact on agricultural...

Cover page and table of contents for issue 41/2

This study estimates how potential carbon policies targeted at reduction of greenhouse gas (GHG) emissions could affect selection of rice cultivars by conducting a life cycle assessment of GHG emissions and estimating the carbon sequestered for fourteen commonly sown rice cultivars across...

In the drier areas of Syria yields of barley, the principal crop, are low. Due to the variability in rainfall, fertilizer use is perceived as risky. Barley-fertilizer trials have been conducted on farmer's fields over a period of four years to investigate whether the large yield response to...

Agricultural production is risky. When farmers are risk-averse, they are likely to put a premium on production methods that reduce perceived risks. Irrigation is generally believed to be a riskreducing input. By using the concept of stochastic dominance, risk-efficient irrigation policies for...

This paper explores the importance of including risk when modeling subsistence-oriented agriculture in a developing nation. The specific objective is to measure the degree of risk aversion for typical farmers in the smallholder traditional agriculture of the Sudan. The procedure followed is to...

A stochastic programming model was used to evaluate the economic performance of a soybean-based farming system in upland Java. The model incorporates farmers' risk preferences, revenue fluctuations and resources restrictions. The results show that (1) changes in risk preference do affect the...

The short-run effects of fungicide application on economic risk and the effects of risk on fungicide use in Swiss wheat production are empirically explored. A quadratic production function model is developed. With the help of the moment-based approach, marginal contributions of fungicides...