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In this paper a method for estimating a producer's willingness‐to‐pay for crop insurance is presented. The method includes formulae to capture the impact of crop insurance on the producer's expected income and variance of income. These impacts are evaluated in the context of a model of producer...
In this paper, a dynamic economic model is used to analyze the conflicting impacts of crop increasing/land degrading inputs with those of soil conserving/crop reducing inputs in problems of soil degradation in agriculture. Soil is a renewable resource that is generated naturally at a slow,...
Profitability increases because of favourable product or factor price changes provide incentives for profit‐maximising farmers, who use soils in conjunction with other cooperant inputs, to increase their investment in the preservation of soil‐quality, whenever there exist economically viable...
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