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Human Capital, Producer Education Programs, and the Adoption of Forward-Pricing Methods

Barry Goodwin () and Ted Schroeder

American Journal of Agricultural Economics, 1994, vol. 76, issue 4, 936-947

Abstract: Using a sample of 509 Kansas producers, we evaluate factors affecting adoption of forward pricing methods. We focus on producers' human capital accumulation and its effect on adoption of forward-pricing techniques. Probit models are employed to evaluate producers' participation in educational programs and their forward-pricing adoption decisions. Tobit models are employed to evaluate individual levels of adoption of these techniques in the marketing of wheat, corn, grain sorghum, soybeans, and cattle.

Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:76:y:1994:i:4:p:936-947.

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