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This study takes the standard acreage response model that stems from an expected utility framework, accounting for both price and yield variability, and nests it within a flexible semi-nonparametric (SNP) model consistent with farm-level decision models for computationally tractable results. We...
Persistent link: https://www.econbiz.de/10009002471
The current debate surrounding the 2012 Farm Act stresses cutting costs while maintaining, or even strengthening, farmers’ “safety net.” One way to cut costs is to reduce or eliminate potential overlap of farm program payments. Using simulations, we explore the interaction between the...
Persistent link: https://www.econbiz.de/10009002495
Replaced with revised version of poster 9/2/11.
Persistent link: https://www.econbiz.de/10009021505