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Risk, Government Programs, And The Environment

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Author Info

  • Roberts, Michael J.
  • Osteen, Craig D.
  • Soule, Meredith J.

Abstract

Nearly all farm business ventures involve financial risk. In some instances, private and public tools used to manage financial risks in agriculture may influence farmers' production decisions. These decisions, in turn, can influence environmental quality. This bulletin summarizes research and provides some perspective on private and public attempts to cope with financial risks and their unintended environmental consequences. Specifically, it examines the conceptual underpinnings of risk-related research, challenges involved with measuring the consequences of risk for agricultural production decisions, government programs that influence the risk and return of farm businesses, and how production decisions influence both the environment and the risk and average returns to farming.

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File URL: http://purl.umn.edu/33563
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Bibliographic Info

Paper provided by United States Department of Agriculture, Economic Research Service in its series Technical Bulletins with number 33563.

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Date of creation: 2004
Date of revision:
Handle: RePEc:ags:uerstb:33563

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Related research

Keywords: risk; agricultural production; government programs; environment; Agricultural and Food Policy; Environmental Economics and Policy; Risk and Uncertainty;

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Cited by:
  1. Robert N. Stavins & Ruben N. Lubowski & Andrew J. Plantinga, 2008. "What Drives Land-Use Change in the United States? A National Analysis of Landowner Decisions," Working Papers 2008.83, Fondazione Eni Enrico Mattei.
  2. Funing Zhong, 2007. "Crop Insurance and Agrochemical Use in the Manasi Watershed, Xinjiang, China," EEPSEA Research Report rr2007071, Economy and Environment Program for Southeast Asia (EEPSEA), revised Jul 2007.
  3. Ahearn, Mary Clare & Collender, Robert N. & Diao, Xinshen & Harrington, David H. & Hoppe, Robert A. & Korb, Penelope J. & Makki, Shiva S. & Morehart, Mitchell J. & Roberts, Michael J. & Roe, Terry L. , 2004. "Decoupled Payments In A Changing Policy Setting," Agricultural Economics Reports 33981, United States Department of Agriculture, Economic Research Service.
  4. Fumasi, Roland J., 2005. "Estimating The Impacts Of Differing Price-Risk Management Strategies On The Net Income Of Salinas Valley Lettuce Producers: A Stochastic Simulation Approach," 2005 Annual Meeting, July 6-8, 2005, San Francisco, California 36310, Western Agricultural Economics Association.

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