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POTENTIAL FOR FARM ADAPTATION TO GLOBAL CLIMATIC CHANGE IN KENTUCKY

Murali Kanakasabai and Carl R. Dillon

No 20422, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Two stage Discrete Sequential Stochastic Program is employed to investigate the farm adaptation under global climatic change. Multiple sources of production risk and adaptation are modeled providing a comprehensive farm impact assessment under future climate. Results indicate efficient adaptation by producers to climatic change in spite of a riskier production environment.

Keywords: Farm; Management (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:20422

DOI: 10.22004/ag.econ.20422

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