IDEAS home Printed from https://ideas.repec.org/a/cup/jagaec/v18y1986i02p165-174_00.html
   My bibliography  Save this article

Analyzing Tenure Arrangements and Crop Rotations Using Farm Simulation and Probit Analysis

Author

Listed:
  • Perry, Gregory M.
  • Rister, M. Edward
  • Richardson, James W.
  • Grant, Warren R.

Abstract

Whole farm simulation analysis and econometric techniques are employed in an analysis of crop rotations and tenure arrangement strategies. The FLIPSIM model is used to analyze a representative Texas Upper Gulf Coast rice and soybean farm. Probit analysis is then used to determine the impact of net cash farm income, land tenure, and crop rotation on probability of survival. Results suggest that, although the simulation model is useful in providing information on the effect at the farm level of following the different strategies, probit results provide greater understanding into the returns and risk inherent to each strategy.

Suggested Citation

  • Perry, Gregory M. & Rister, M. Edward & Richardson, James W. & Grant, Warren R., 1986. "Analyzing Tenure Arrangements and Crop Rotations Using Farm Simulation and Probit Analysis," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 18(2), pages 165-174, December.
    • Handle: RePEc:cup:jagaec:v:18:y:1986:i:02:p:165-174_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S008130520000621X/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Musser, Wesley N. & Alexander, Vickie J. & Tew, Bernard V. & Smittle, Doyle A., 1985. "A Mathematical Programming Model For Vegetable Rotations," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 17(1), pages 1-8, July.
    2. Anderson, Jock R. & Dillon, John L. & Hardaker, Brian, 1977. "Agricultural Decision Analysis," Monographs: Applied Economics, AgEcon Search, number 288652, November.
    3. Anderson, Jock R. & Feder, Gershon, 2007. "Agricultural Extension," Handbook of Agricultural Economics, in: Robert Evenson & Prabhu Pingali (ed.), Handbook of Agricultural Economics, edition 1, volume 3, chapter 44, pages 2343-2378, Elsevier.
    4. Arthur M. Geoffrion, 1976. "The Purpose of Mathematical Programming is Insight, Not Numbers," Interfaces, INFORMS, vol. 7(1), pages 81-92, November.
    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. Wilfred Candler & Wayne Cartwright, 1969. "Estimation of Performance Functions for Budgeting and Simulation Studies," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 51(1), pages 159-169.
    7. Hadar, Josef & Russell, William R, 1969. "Rules for Ordering Uncertain Prospects," American Economic Review, American Economic Association, vol. 59(1), pages 25-34, March.
    8. Amemiya, Takeshi, 1981. "Qualitative Response Models: A Survey," Journal of Economic Literature, American Economic Association, vol. 19(4), pages 1483-1536, December.
    9. Pederson, Glenn D., 1985. "Strategies for Managing Risk Under Long-Term Farmland Leases," AE Series 231496, North Dakota State University, Department of Agribusiness and Applied Economics.
    10. Brandao, Elizabeth Santos & McCarl, Bruce A. & Schuh, G. Edward, 1984. "Predicting The Impact Of New Cropping Practices Upon Subsistence Farming: A Farm Level Analysis In Brazil," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(2), pages 1-13, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Oriade, Caleb A. & Dillon, Carl R., 1997. "Developments in biophysical and bioeconomic simulation of agricultural systems: a review," Agricultural Economics, Blackwell, vol. 17(1), pages 45-58, October.
    2. Cole, John D. & Pattanaik, Nalini & Janssen, Larry, 2006. "Impacts of Land Ownership and Debt Levels on Farm Survival and Financial Growth," 2006 Annual meeting, July 23-26, Long Beach, CA 21477, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kaylen, Michael S. & Devino, Gary T. & Procter, Michael H., 1988. "Optimal Use Of Qualitative Models: An Application To Country Grain Elevator Bankruptcies," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 20(2), pages 1-7, December.
    2. John C. Quiggin & Jock R. Anderson, 1979. "Stabilisation And Risk Reduction In Australian Agriculture," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 23(3), pages 191-206, December.
    3. Schumann, Keith D. & Richardson, James W. & Lien, Gudbrand D. & Hardaker, J. Brian, 2004. "Stochastic Efficiency Analysis Using Multiple Utility Functions," 2004 Annual meeting, August 1-4, Denver, CO 19957, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Musser, Wesley N. & Tew, Bernard V. & Epperson, James E., 1981. "An Economic Examination Of An Integrated Pest Management Production System With A Contrast Between E-V And Stochastic Dominance Analysis," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 13(1), pages 1-6, July.
    5. Dillon, Carl R. & Shearer, Scott A. & Mueller, Thomas, 2001. "A Mixed Integer, Nonlinear Programming Model Of Innovative Variable Rate Planting Date With Polymer Seed Coatings," 2001 Annual meeting, August 5-8, Chicago, IL 20572, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Sanneh, Njundu & Moffitt, L. Joe & Lass, Daniel A., 2001. "Stochastic Efficiency Analysis Of Community-Supported Agriculture Core Management Options," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(2), pages 1-14, December.
    7. Gebremedhin, Berhanu & Schwab, Gerald, 1998. "The Economic Importance Of Crop Rotation Systems: Evidence From The Literature," Staff Paper Series 11690, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    8. Anderson, J.R., 1989. "Forecasting, uncertainty, and public project appraisal," Policy Research Working Paper Series 154, The World Bank.
    9. Hardaker, J. Brian & Lien, Gudbrand D., 2003. "Stochastic Efficiency Analysis With Risk Aversion Bounds: A Simplified Approach," Working Papers 12954, University of New England, School of Economics.
    10. Peterson, Jeffrey M. & Boisvert, Richard N., 1998. "Optimal Voluntary "Green" Payment Programs To Limit Nitrate Contamination Under Price and Yield Risk," Research Bulletins 122687, Cornell University, Department of Applied Economics and Management.
    11. McDonald, Jeffrey D. & Moffitt, L. Joe & Willis, Cleve E., 1997. "Application of mean-Gini stochastic efficiency analysis," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 41(1), pages 1-18.
    12. Dillon, Carl R., 1999. "Production Practice Alternatives For Income And Suitable Field Day Risk Management," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 31(2), pages 1-15, August.
    13. Perry, Gregory M. & Rister, M. Edward & Richardson, James W. & Bessler, David A., 1989. "Incorporating Government Program Provisions into a Mean-Variance Framework," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 21(2), pages 95-105, December.
    14. Eidman, V., 1989. "Quantifying and managing risk in agriculture," 1989 Annual Conference, September 25-27, Bloemfontein, South Africa 314723, Agricultural Economics Association of South Africa (AEASA).
    15. Zentner, Robert P. & Greene, Duty D. & Hickenbotham, Terry L. & Eidman, Vernon R., 1981. "Ordinary And Generalized Stochastic Dominance: A Primer," Staff Papers 14184, University of Minnesota, Department of Applied Economics.
    16. Jourdain, Damien & Scopel, Eric & Affholder, Francois, 2001. "The Impact Of Conservation Tillage On The Productivity And Stability Of Maize Cropping Systems: A Case Study In Western Mexico," Economics Working Papers 46549, CIMMYT: International Maize and Wheat Improvement Center.
    17. Peterson, Jeffrey M. & Boisvert, Richard N., 2001. "Designing Nonpoint Source Pollution Policies With Limited Information About Both Risk Attitudes And Production Technology," 2001 Annual meeting, August 5-8, Chicago, IL 20720, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    18. Kanakasabai, Murali & Dillon, Carl R. & Skees, Jerry R., 2001. "Microeconomic Evaluation Of Farm Risk Management Decisions In Kentucky," 2001 Annual Meeting, July 8-11, 2001, Logan, Utah 36178, Western Agricultural Economics Association.
    19. Anderson, Kim B. & Mapp, Harry P., Jr., 1996. "Risk Management Programs In Extension," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(1), pages 1-8, July.
    20. Serrao, Amilcar & Coelho, Luis, 2004. "Cumulative Prospect Theory: A Study Of The Farmers' Decision Behavior In The Alentejo Dryland Region Of Portugal," 2004 Annual meeting, August 1-4, Denver, CO 20245, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jagaec:v:18:y:1986:i:02:p:165-174_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/aae .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.