Effects of the GM Controversy on Iowa Corn-Soybean Farmers' Acreage Allocation Decisions

Autor:	Corinne E. Alexander, Jorge Fernandez-Cornejo, Rachael E. Goodhue
Jazyk:	angličtina
Rok vydání:	2003
Předmět:	expected utility genetically modified crops two-limit tobit model Agriculture
Zdroj:	Journal of Agricultural and Resource Economics, Vol 28, Iss 3, Pp 580-595 (2003)
Druh dokumentu:	article
ISSN:	1068-5502 2327-8285
DOI:	10.22004/ag.econ.31066
Popis:	Prior to the 2000 planting season, some industry observers predicted acreage of genetically modified crops would decline dramatically. However, actual 2000 plantings presented a puzzle. Farmers reduced their acreage of genetically modified corn, but concurrently increased their acreage of genetically modified soybeans. We demonstrate that it may be theoretically optimal for risk-averse farmers to reduce their corn acreage but not their soybean acreage. However, past experience, attitudes, and farm size explained planting decisions to a larger degree than did risk preferences.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/0667952ae5014bac992057399de44b4a Zobrazit plný text záznamu View record in DOAJ