An analytical framework is proposed for analysis of environmental good production by farmers in the case of price uncertainty. Environmental good production contracted by means of agri-environmental agreements is treated as a riskless option in the farmer’s production activities portfolio. It is shown that agri-environmental agreements aiming at biodiversity competing with beef production are l...

This paper develops a stochastic model for comparing payments to U.S. corn producers under the U.S. Senate’s Average Crop Revenue Program (ACR) versus payments under the pricebased marketing loan benefit and countercyclical payment programs. Using this model, the paper examines the sensitivity of the density function for payments to changes in expected price levels. We also assess the impact of...

Purpose – The viticulture sector represents a conspicuous part of the Catalan agricultural and agro food sector. While wine production in Catalonia has been increasing markedly over the first half of the 2000s, prices that grape producers receive have steadily declined threatening their standard of living. This has raised social and political concerns and calls for a better understanding of its...

The interest of consumers in farming activities is evident and agricultural producers have responded to this increasing interest in a number of ways, including inviting visitors to farm operations through tourism or farm visits. Livestock industries, in particular, are interacting with the public in numerous ways, including via marketing channels for their products, interacting with community l...

[1] Farmers make joint water and land use decisions for economic purposes based in part on water availability and reliability. A two-stage economic production model is developed to examine the effects of hydrologic uncertainty and water prices on agricultural production, cropping patterns, and water and irrigation technology use. The model maximizes net expected farm profit from permanent and a...

This paper provides an empirical examination of the frequency and determinants of two forms of non-price rationing in rural credit markets in northern Peru. Quantity rationing is the conventional form of non-price rationing whereby a household with positive demand for credit is denied access. Risk rationing, in contrast, occurs when a household voluntarily withdraws from the credit market for f...

The technique of the processor farm has become very widely used for paral-lelising applications, often being mentioned without reference to any source. The goal of this work has been to put together a complete and rigorous understanding of what the technique can be used for and what is needed in order to arrive at an eeciently farmed application. This paper consists of these two parts. We have ...

This contribution is based on the personal experiences of the author as a typical crop farmer in Holland in 1925-1991, as a researcher at the Dutch Institute of Agricultural Engineering (19541964), and as the Director of that Institute in the period 1964-1983. In essence, the 20th century developments in mechanized agriculture are considered from a historical perspective. The future of farm mec...

Except during the Korean War and in 1959, US agriculture has recorded a positive trade balance on a fiscal year basis since the second year of World War II. Largely as a result of agricultural productivity growth during the 20th century, US agricultural production consistently exceeds the domestic demand for food, feed, and fiber, resulting in an increasing reliance by US agriculture on foreign...