This paper develops a theory of the family farm in conditions of uncertainty where attention is focussed on the labour-input decisions. Specifically, the farm family is faced with two labour decisions, namely with respect to hired labour and to family labour. The framework for analysis is...

Risk and uncertainty have been extensively studied by agricultural economists. In this paper we question (a) the predominant use of static frameworks to formally analyse risk; (b) the predominant focus on risk aversion as the motivation for considering risk and (c) the notion that explicitly...

The United States Department of Agriculture is cooperating in an interagency study to plan for the future development and control of the water resources of the Potomac River Basin.' One assignment undertaken by the Farm Economics Research Division, Agricultural Research Service, is that of...

A shift to worldwide free trade would improve prospects for U.S. livestock and grain producers. Both production and prices would be higher for meat animals and poultry, but but milk prices would be lower. Producers of peanuts, sugar, and some fruits and vegetables would face lower price and...

Georgia peanut farmers have adopted Integrated pest management (lPM) on only a limited basis, although objective data indicate that IPM technology may be more efficient than conventional pest control strategies Users and nonusers of IPM hold different views pertaining to the consequences of...

Farmers' attitude towards risk associated with the availability of energy inputs will influence their investment behavior and demand for energy inputs. In order to analyze policies that reduce the risk in energy availability, some modifications in methods are required. This study, using a...