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Soil Conservation with Uncertain Revenues and Input Supplies

Author

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  • Randall A. Kramer
  • William T. McSweeny
  • Robert W. Stavros

Abstract

The influence of risk on farm level soil conservation decisions is examined. A symmetric quadratic risk-programming model is used which allows the simultaneous consideration of uncertainty in revenues and input supplies. It is demonstrated that risk aversion can influence the selection of soil-conserving activities.

Suggested Citation

  • Randall A. Kramer & William T. McSweeny & Robert W. Stavros, 1983. "Soil Conservation with Uncertain Revenues and Input Supplies," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(4), pages 694-702.
    • Handle: RePEc:oup:ajagec:v:65:y:1983:i:4:p:694-702.
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    Citations

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    Cited by:

    1. Gillespie, Jeffrey M. & Hatch, L. Upton & Duffy, Patricia A., 1990. "Effect Of The 1985 Farm Bill Provisions On Farmers' Soil Conservation Decisions," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(2), pages 1-11, December.
    2. Diebel, Penelope L. & Taylor, Daniel B. & Batie, Sandra S. & Heatwole, Conrad D., 1992. "An Economic Analysis of Soil Erosion Control and Low-Input Agriculture," Staff Papers 118171, Kansas State University, Department of Agricultural Economics.
    3. Martins, M.B. & Marques, C., 2006. "Is agricultural policy promoting a new role for farmers?: A case study," Journal of Policy Modeling, Elsevier, vol. 28(8), pages 847-860, November.
    4. Shively, Gerald E., 2001. "Poverty, consumption risk, and soil conservation," Journal of Development Economics, Elsevier, vol. 65(2), pages 267-290, August.
    5. Segarra, Eduardo & Kramer, Randall A. & Taylor, Daniel B., 1985. "A Stochastic Programming Analysis Of The Farm Level Implications Of Soil Erosion Control," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 17(2), pages 1-8, December.
    6. Shortle, James S., 1984. "The Use Of Estimated Pollution Flows In Agricultural Pollution Control Policy: Implications For Abatement And Policy Instruments," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 13(2), pages 1-9, October.
    7. Yang, Wanhong & Khanna, Madhu & Farnsworth, Richard & Onal, Hayri, 2003. "Integrating economic, environmental and GIS modeling to target cost effective land retirement in multiple watersheds," Ecological Economics, Elsevier, vol. 46(2), pages 249-267, September.
    8. Letson, David & Setia, Parveen P., 1994. "On-Farm Costos of Reducing environmental degradation under risk," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 9(2), pages 163-187.
    9. Sureshwaran, Suresh & Thompson, C. Stassen & Henry, Mark S. & Loyd, M.I., 1990. "Economic Surplus And The Distributional Consequences Of Deregulating Tobacco Production," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(2), pages 1-11, December.
    10. Nielsen, Elizabeth G. & Miranowski, John A. & Morehart, Mitchell J, 1989. "Investments in Soil Conservation and Land Improvements: Factors Explaining Farmers' Decisions," Agricultural Economic Reports 308064, United States Department of Agriculture, Economic Research Service.
    11. McCarl, Bruce A., 1986. "Innovations In Programming Techniques For Risk Analysis," Regional Research Projects > 1986: S-180 Annual Meeting, March 23-26, 1986, Tampa, Florida 271825, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    12. Setia, Parveen & Letson, Dave, 1991. "Farm Level Impacts Of Improving Environmental Quality Under Risk," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271085, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    13. Willis, David B. & Whittlesey, Norman K., 1998. "The Effect Of Stochastic Irrigation Demands And Surface Water Supplies On On-Farm Water Management," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(1), pages 1-19, July.
    14. Bernard V. Tew & Donald W. Reid, 1987. "More Evidence On Expected Value-Variance Analysis Versus Direct Utility Maximization," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 10(3), pages 249-257, September.

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