SENSITIVITY OF FARM PLANS UNDER RISK‐AVERSE BEHAVIOUR: A NOTE ON THE ENVIRONMENTAL IMPLICATIONS

David R. Oglethorpe

Journal of Agricultural Economics, 1995, vol. 46, issue 2, 227-232

Abstract: This study demonstrates that the intensity of farm‐level land use can be extremely sensitive to minor reductions in expected farm income when the risk‐averse farmer makes utility maximising decisions. The study uses directly elicited utility functions for farmers in the North of England in conjunction with MOTAD generated E, V frontiers. The results imply that instability encourages the use of less intensive farming methods and therefore could actually assist the achievement of environmental policy goals.

Date: 1995
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
https://doi.org/10.1111/j.1477-9552.1995.tb00768.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:jageco:v:46:y:1995:i:2:p:227-232

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0021-857X

Access Statistics for this article

Journal of Agricultural Economics is currently edited by David Harvey

More articles in Journal of Agricultural Economics from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().