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This article examines what differentiates "socially responsible" farmers (i.e., those who rank environmental benefits higher than profit, based on a Likert style ranking) from farmers who make decisions based solely on financial criteria. A proportional odds model (POM) is proposed to estimate...
Persistent link: https://www.econbiz.de/10010880660
We analyzed data obtained from the 2009 Southern Cotton Precision Farming Survey of farmers in twelve states (Alabama, Arkansas, Florida, Georgia, Louisiana, Missouri, Mississippi, North Carolina, South Carolina, Tennessee, Texas, and Virginia) to identify reasons for adoption/nonadoption of...
Persistent link: https://www.econbiz.de/10010881052
The Weak Axiom of Profit Maximization (WAPM) was used to test how successful each of 70 individual New York State dairy farms was in maximizing profits using nine years of data. The netput vectors were corrected for technological change using nonparametric indices that do not require the...
Persistent link: https://www.econbiz.de/10010882425
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This paper presents empirical measures of the efficiency of the New York family dairy farm over its life cycle. The increase and then decrease in farm efficiency with age is only minor. Factors not correlated with age are much more important in determining efficiency. Exiting farmers who appear...
Persistent link: https://www.econbiz.de/10010915333
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The Weak Axiom of Profit Maximization (WAPM) was used to test how successful each of 70 individual New York State dairy farms was in maximizing profits using nine years of data. The netput vectors were corrected for technological change using nonparametric indices that do not require the...
Persistent link: https://www.econbiz.de/10010921150