The effects of farm program provisions on lease arrangements under uncertainty /
30 percent for the upper bound of the RAC did not
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| Format: | Thesis eBook |
| Language: | English |
| Published: |
[Place of publication not identified] :
[publisher not identified] ;
1994.
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| Subjects: | |
| Online Access: | Link to OAKTrust copy |
| Summary: | 30 percent for the upper bound of the RAC did not alternative share lease, and cash lease. The arrangements consisted of a typical share lease, between the cash lease and the typical share lease when bound of the risk aversion coefficient (RAC) to cash rent to offset not receiving any of the deficiency change the preferred strategy. The results indicated cropland leasing studies have ignored the effects of density function for net present value to be used by a determine how sensitive the lease arrangement decision each of the five farms assuming participation and non- effect of yield and price variability and government farm computer simulation model (FLIPSIM) was used to farm policies on lease terms. This study explored the farm program, and (b) the farm program modified for farms in the Central Plainss region of the United four of the five farms is the alternative share lease GATT. A sensitivity analysis was performed on the upper In the past, the main reason for share leasing farm It is most likely that landlords have increased the land has been to share the price and yield risk with may be different today than in prior years. Previous participating in the farm program. The results from participation in two policy scenarios: (a) the current payments. programs did not alter the preferred lease arrangement. programs on the optimal rental arrangement. A whole risk, the tenant farmer's preferred lease arrangement simulate the economic activity of five representative simulation model generated an empirical probability States under three lease arrangements. The three lease stochastic dominance program (STODOM). STODOM ranked that participation and non-participation in the farm the cumulative distributions of net present value for the five farms the producer would be 'indifferent the landowner. Because farm programs reduce price The results show that the most preferred strategy for the sensitivity analysis showed that a change of up to was increased and decreased by 10, 20, and 30 percent. was to the level of risk neutrality. -The upper bound when comparing strategies within a policy. On three of |
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| Item Description: | "Major subject: Agricultural Economics". Vita. |
| Physical Description: | xv, 1966 leaves : illustrations, maps ; 28 cm. Also available online. |
| Bibliography: | Includes bibliographical references. |