Stochastic budgeting is used to simulate the business and financial risk and the performance over a six-year planning horizon on a Norwegian dairy farm. A major difficulty with stochastic whole-farm budgeting lies in identifying and measuring dependency relationships between stochastic...

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...

Our object is to develop a method for the public approval and re-evaluation of pesticides that emphasises a wide evaluation of social benefits. This is done through the case for the three plant-growth regulators approved for use in Norwegian grain production at present: chlormequat chloride,...

The optimal economic life cycle of grass leys with winter damage problems in northern Norway and the threshold of winter damage before it is profitable to re-seed grasses are investigated. The loss in profit of a sub-optimal strategy compared to an optimal strategy is briefly discussed. An...

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...