McFadden, Jonathan R.; Smith, David; Wallander, Steven - National Bureau of Economic Research - 2022
Crop farmers have few short-run options for reducing downside production risk from changes in drought frequency and … how recent drought exposure, drought risk, and other climatic features have influenced adoption of DT corn--a water … drought risk and exposure. Using a representative sample of U.S. farmers' fields, we implement a novel econometric method …