Cotton farmers in the Piedmont region incorrectly believe conservation systems with winter cover crop and no-till cultivation yield less than conventional systems. We model the effect of organic matter on productivity and show how ignoring this effect causes returns to be underestimated. Farmers with imperfect information underinvest in residue management.
Numerous theoretical approaches to farmland leasing contract choice have been developed with little consistent empirical support, particularly for the Corn Belt. A unique theoretical approach to explaining farmers' lease preferences is presented, using a combination of transaction cost economics and property rights theory. Results demonstrate that both transactional and certain producer characteristics are important motivators of contract choice.
Most land management policies, such as land retirement, have multiple objectives. This study uses a cellular automata simulation model to explore how various spatial characteristics of land parcels on a hypothetical landscape contribute to the efficacy of land retirement in the presence of multiple retirement objectives- hydrological improvement, habitat improvement, and cost. Statistical analysis of the simulation results is used to tie particular spatial characteristics back to achievement of the three distinct objectives.
In this paper, we analyze the factors that influence t he productivity of maize among smallholder farmers, given that unfavourable output and input market conditions throughout the 1990s have compelled smallholder farmers into unsustainable agricultural intensification. We use farm-household survey data in order to compare the productivity of smallholder maize production under integrated (ISFM) and chemicalbased soil fertility management using a normalized translog yield response model.
This paper studies bidder behavior in an innovative program in which farmers compete to sell their development rights to the State. We derive a reduced form bidding model that includes both private value and common value components. This model allows us to estimate the role of bidder competition, the winner’s curse correction, and the underlying distribution of private values. We find that competition reducelers adjust for a possible winner’s curse by increasing their bids by roughly 10 percent over their reservation values.
Applying the Environmental Kuznets Curve hypothesis, the economic structure of pesticide consumption in the world was examined and its future consumption was predicted. It was found that the hypothesis is applicable and the income level significantly affects the pesticide consumption. Additionally, sustained population per land is also influential. In spite of the applicability of the hypothesis, it was also demonstrated that the great increase of pesticide consumption in developing countries would be predicted.
The object of the study reflected in the paper is the market sector of agricultural lands in Latvia. The goal set out in this scientific paper is to explore the development trends current in the target sector of the market and identify problems and barriers to successful progress common to the entire real estate market in this country.