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Modelling Economic Alternatives For Tobacco Producers: The Case Of Sheep Farming


  • Tzouramani, Irene
  • Karanikolas, Pavlos
  • Alexopoulos, George
  • Sintori, Alexandra
  • Liontakis, Angelos E.


After the introduction of the new tobacco regime, many regions in Greece, formerly specialized in tobacco cultivation, are now facing serious threats of economic and social decline. Sheep farming is considered by many analysts as a viable alternative to tobacco. This study analyses the financial performance of sheep production and the risk that producers are taking. Through a stochastic efficiency analysis with respect to a function we explore the economic viability of conventional and organic sheep farming; key factors determining the economic outcome of these activities are also investigated. Both organic and conventional sheep farming appear as viable alternatives. The viability of organic farming lies, mainly, in organic payments. Conventional farming generates a slightly lower but less uncertain net return.

Suggested Citation

  • Tzouramani, Irene & Karanikolas, Pavlos & Alexopoulos, George & Sintori, Alexandra & Liontakis, Angelos E., 2008. "Modelling Economic Alternatives For Tobacco Producers: The Case Of Sheep Farming," 107th Seminar, January 30-February 1, 2008, Sevilla, Spain 6695, European Association of Agricultural Economists.
  • Handle: RePEc:ags:eaa107:6695

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    References listed on IDEAS

    1. J. Brian Hardaker & James W. Richardson & Gudbrand Lien & Keith D. Schumann, 2004. "Stochastic efficiency analysis with risk aversion bounds: a simplified approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(2), pages 253-270, June.
    2. Meyer, Jack, 1977. "Choice among distributions," Journal of Economic Theory, Elsevier, vol. 14(2), pages 326-336, April.
    3. Loizou, Efstratios & Mattas, Konstadinos & Rozakis, Stelios & Tzouvelekas, Vangelis, 2005. "Policy Decisions Evaluation in Agriculture Employing Input-Output Techniques: The Case of Tobacco Sector Regime Reform," 89th Seminar, February 2-5, 2005, Parma, Italy 234614, European Association of Agricultural Economists.
    4. Charles Moss & Grigorios Livanis, 2009. "Implementation of stochastic dominance: a nonparametric kernel approach," Applied Economics Letters, Taylor & Francis Journals, vol. 16(15), pages 1517-1522.
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