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The Profitability of Sustainable Agriculture on a Representative Grain Farm in the Mid-Atlantic Region, 1981–89: Comment

Published online by Cambridge University Press:  15 September 2016

Wayne S. Roberts  and
Scott M. Swinton
Wayne S. Roberts
Affiliation:
Department of Agricultural Economics, Michigan State University
Scott M. Swinton
Affiliation:
Department of Agricultural Economics, Michigan State University
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Abstract

A long term whole farm analysis comparing conventional and low-input farming systems is reviewed. A computational error led to the mistaken conclusion that conventional farming with government programs is less preferred by risk-averse farmers than the low input alternative. The greater income variance of conventional agriculture need not make it less preferred provided a higher mean income sufficiently offsets the higher variance.

Type
Comment and Reply
Information
Agricultural and Resource Economics Review , Volume 24 , Issue 1 , April 1995 , pp. 136 - 137
Copyright
Copyright © 1995 Northeastern Agricultural and Resource Economics Association 

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References

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