This paper analysis the effects of farmer characteristics, farm structure and farm performance on farm renewal and farm growth. The data set used in this research consists of panel data from the Dutch Farm Accountancy Data Network of farms specialized in plant production extended with a data...

The management of water resources is today one of the main issues in most countries. In Italy, as in many other European countries, irrigation is the main sector using water and hence it is at the centre of the water policy agenda. Water management for irrigation requires suitable policy tools...

This paper identifies information that may be important in determining the benefits of preventing toxic water contamination (or equivalently cost of nonaction) when a given toxification occurs. It attempts to identify information and behavior issues that need to be considered when we estimate...

Due to external and internal changes in dairy farming, entrepreneurial competencies are becoming increasingly important for dairy farmers. Investigating the possibility to improve these competencies by means of a training program is the main topic of the reported research. First the relations...

Since the enactment of the Economic Growth and Tax Relief Reconciliation Act of 2001, owners and operators of farms and ranches have opportunities to evaluate new estate planning strategies for the transfer of farm businesses to subsequent generations. However, with provisions of the Act to be...

Hungary's imminent entrance into the EU calls for a farm-level financial support system aiming at combining agricultural production with nature conservation targets. Within the Hungarian National Agri-environmental Programme (NAEP) for the Environmentally Sensitive Areas, a payment system was...

Empirical tests are provided to determine the optimal leverage adjustment in transitional economy. Econometric model of agricultural firm capital structure is specified and estimated in order to analyze, how different factors affect agricultural firm's capital structure. Issues in financial...

This paper outlines DEBET (Decision Based Economic Theory), a method for determining revealed preferences of governments. DEBET is applied to US wheat policy decisions in the 1980s. This method has a number of advantages over alternative approaches to the analysis of revealed preferences of...

Decision based economic theory stresses the central position of the objective function in the behavior of economic agents. Insufficient knowledge of objective functions hampers the development of economic theory. In this article, a methodology for deriving objective functions from conscious...