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Adoption of Cover Crops under Uncertainty: A Real Options Method

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  • Chen, Le
  • Rejesus, Roderick M.
  • Brown, Zachary S.
  • Boyer, Christopher M.
  • Larson, James A.

Abstract

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Suggested Citation

  • Chen, Le & Rejesus, Roderick M. & Brown, Zachary S. & Boyer, Christopher M. & Larson, James A., 2020. "Adoption of Cover Crops under Uncertainty: A Real Options Method," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304391, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea20:304391
    DOI: 10.22004/ag.econ.304391
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    References listed on IDEAS

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    1. Hanna J. Ihli & Syster C. Maart-Noelck & Oliver Musshoff, 2014. "Does timing matter? A real options experiment to farmers' investment and disinvestment behaviours," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 58(3), pages 430-452, July.
    2. Larson, James A. & Jaenicke, Edward C. & Roberts, Roland K. & Tyler, Donald D., 2001. "Risk Effects of Alternative Winter Cover Crop, Tillage, and Nitrogen Fertilization Systems in Cotton Production," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 33(3), pages 445-457, December.
    3. Meredith J. Soule & Abebayehu Tegene & Keith D. Wiebe, 2000. "Land Tenure and the Adoption of Conservation Practices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(4), pages 993-1005.
    4. Epplin, Francis & Stock, Curtis & Kletke, Darrel & Peeper, Thomas, 2005. "Cost of Conventional Tillage and No-till Continuous Wheat Production for Four Farm Sizes," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2005, pages 1-8.
    5. Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
    6. Jean-Paul Chavas, 1994. "Production and Investment Decisions Under Sunk Cost and Temporal Uncertainty," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(1), pages 114-127.
    7. Marra, Michele & Pannell, David J. & Abadi Ghadim, Amir, 2003. "The economics of risk, uncertainty and learning in the adoption of new agricultural technologies: where are we on the learning curve?," Agricultural Systems, Elsevier, vol. 75(2-3), pages 215-234.
    8. Sangtaek Seo & Eduardo Segarra & Paul D. Mitchell & David J. Leatham, 2008. "Irrigation technology adoption and its implication for water conservation in the Texas High Plains: a real options approach," Agricultural Economics, International Association of Agricultural Economists, vol. 38(1), pages 47-55, January.
    9. Khanna, Madhu & Isik, Murat & Winter-Nelson, Alex, 2000. "Investment in site-specific crop management under uncertainty: implications for nitrogen pollution control and environmental policy," Agricultural Economics, Blackwell, vol. 24(1), pages 9-21, December.
    10. Robert Finger, 2010. "Revisiting the Evaluation of Robust Regression Techniques for Crop Yield Data Detrending," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(1), pages 205-211.
    11. Zhen Cai & Ranjith P. Udawatta & Clark J. Gantzer & Shibu Jose & Larry Godsey & Lauren Cartwright, 2019. "Economic Impacts of Cover Crops for a Missouri Wheat–Corn–Soybean Rotation," Agriculture, MDPI, vol. 9(4), pages 1-13, April.
    12. Plastina, Alejandro & Liu, Fangge & Sawadgo, Wendiam & Miguez, Fernando E. & Carlson, Sarah & Marcillo, Guillermo, 2018. "Annual Net Returns to Cover Crops in Iowa," Journal of Applied Farm Economics, Purdue University, vol. 2(2).
    13. Isik, Murat & Khanna, Madhu & Winter-Nelson, Alex, 2000. "Sequential Investment In Site-Specific Crop Management Under Output Price Uncertainty: Implications For Nitrogen Pollution Control," 2000 Annual meeting, July 30-August 2, Tampa, FL 21875, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    14. Amy Purvis & William G. Boggess & Charles B. Moss & John Holt, 1995. "Technology Adoption Decisions under Irreversibility and Uncertainty: An Ex Ante Appproach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(3), pages 541-551.
    15. Zulauf, Carl & Brown, Ben, 2019. "Cover Crops, 2017 US Census of Agriculture," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 9(135), July.
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    Cited by:

    1. Wu, Linghui & Khanna, Madhu & Atallah, Shadi S., 2023. "Drivers and barriers to adopting a cover cropping technology among midwestern farmers," 2023 Annual Meeting, July 23-25, Washington D.C. 335568, Agricultural and Applied Economics Association.

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