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A Stochastic Programming Analysis of the Farm Level Implications of Soil Erosion Control

Published online by Cambridge University Press:  28 April 2015

Eduardo Segarra ,
Randall A. Kramer  and
Daniel B. Taylor
Eduardo Segarra
Affiliation:
Department of Agricultural Economics, Virginia Polytechnic Institute and State University
Randall A. Kramer
Affiliation:
Department of Agricultural Economics, Virginia Polytechnic Institute and State University
Daniel B. Taylor
Affiliation:
Department of Agricultural Economics, Virginia Polytechnic Institute and State University
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Abstract

This paper analyzes the effects of uncertain soil loss in farm planning models. A disaggregated approach was used because of an interest in examining the impact of probabilistic soil loss constraints on farm level decisionmaking. A stochastic programming model was used to consider different levels of probability of soil loss. Traditional methods of analysis are shown to consistently overestimate net returns.

Keywords

soil conservationstochastic programminguncertainty
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 17 , Issue 2 , December 1985 , pp. 147 - 154
Copyright
Copyright © Southern Agricultural Economics Association 1985

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References

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