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Production Risk Management Under Arkansas Soybean Rental Arrangements From The Tenant'S And Landlord'S Perspective

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  • Dillon, Carl R.
  • Oriade, Caleb A.
  • Parsch, Lucas D.

Abstract

Potential of alternative production practices and rental arrangements for risk management of both landlord and tenant, individually and jointly, is examined. Mathematical programming and simulation is used to study a hypothetical Arkansas soybean producer. Results indicate importance of lease types and risk in choice of optimal farm plans.

Suggested Citation

  • Dillon, Carl R. & Oriade, Caleb A. & Parsch, Lucas D., 1998. "Production Risk Management Under Arkansas Soybean Rental Arrangements From The Tenant'S And Landlord'S Perspective," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20781, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea98:20781
    DOI: 10.22004/ag.econ.20781
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    References listed on IDEAS

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    1. J. G. Sutinen, 1975. "The Rational Choice of Share Leasing and Implications for Efficiency," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(4), pages 613-621.
    2. McCarl, Bruce A. & Bessler, David A., 1989. "Estimating An Upper Bound On The Pratt Risk A Version Coefficient When The Utility Function Is Unknown," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 33(1), pages 1-8, April.
    3. Meyer, Jack, 1987. "Two-moment Decision Models and Expected Utility Maximization," American Economic Review, American Economic Association, vol. 77(3), pages 421-430, June.
    4. Ralph Bierlen & Lucas D. Parsch, 1996. "Tenant Satisfaction with Land Leases," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 18(3), pages 505-513.
    5. Jeffrey Apland & Robert N. Barnes & Fred Justus, 1984. "The Farm Lease: An Analysis of Owner-Tenant and Landlord Preferences under Risk," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(3), pages 376-384.
    6. Dillon, Carl R. & Mjelde, James W. & McCarl, Bruce A., 1989. "Biophysical Simulation In Support Of Crop Production Decisions: A Case Study In The Blacklands Region Of Texas," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(1), pages 1-14, July.
    7. Earl O. Heady, 1947. "Economics of Farm Leasing Systems," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 29(3), pages 659-678.
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    Cited by:

    1. Gueck, Nicole & Klose, Steven L. & Jones, DeDe & Yates, Jay, 2010. "Examining Share Lease Arrangements for Grain Operations in the Texas Panhandle Under Changing Market Conditions," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2010, pages 1-15.

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    Keywords

    Farm Management; Production Economics;

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