This study seeks to determine the workings of a system of acreage allocation given price and yield uncertainty so as to identify the role that uncertainty in market output has in acreage allocation decisions.

Hunting, fishing and wildlife-associated recreation expenditures have played an important role in the U.S economy and help promote conservation and environmental goals. The 2006 U.S Fish and Wildlife Service (USFWS) survey reported 87.5 million people aged 16 and above participated in...

A survey was conducted of West Virginian land owners with completed, shale gas wells located on their property. The research objective was to determine if the separation of mineral from surface rights impacted satisfaction and problems with natural gas drilling. Split estate owners were found to...

Beneficial management practices (BMPs) are designed to minimize environmental impacts and provide on- and off-farm benefits such as improved farm economics and enhanced water quality for domestic consumption, recreation and healthier aquatic ecosystems. Adoption of BMPs depends on the...

This paper examines the effect of Canadian agricultural business risk management (BRM) programs on farm financial performance. Monte Carlo simulation is used to model stochastic prices and production for a representative Alberta cropping operation. Net present value (NPV) analysis is used to...

We consider two approaches to quantify New Zealand farmers’ ability to mitigate their farm’s environmental impact: The construction of marginal abatement cost curves and improvements in farm management practices. Marginal abatement cost curves can be constructed by combining information on...

Forest carbon is potentially an important income stream for small land owners in Guatemala that would help to cease deforestation and forest degradation pressures. However, the temporary nature of sequestered forest carbon, the risk of environmental disturbances releasing forest sequestered...

Producers of agricultural commodities treat world commodity prices as exogenous. Prices facing regional producers can also be considered exogenous when we aggregate producers over small districts, and even across New Zealand. Through estimation of a vector autoregressive (VAR) model, under a...