We develop a model of deforestation using a real option on agricultural land conversion and
establish an important link between agricultural commodity price volatility and forest loss …

It is well known that insurance market information asymmetry can cause socially excessive
cropping of yield-risky land. We show that crop insurance subsidies can cause the same …

We apply prospect theory to examining farmers' economic incentives to divert a share of
their land to bioenergy crops (miscanthus and switchgrass in this study). Numerical …

Abstract The Biomass Crop Assistance Program (BCAP) aims to incentivize the production
of biomass for bioenergy and bioproducts. This paper investigates the potential …

We develop an analytical framework to examine the extent to which farmers' risk and time
preferences, availability of credit to cover establishment cost, and subsidized crop insurance …

Input-and output-based economic policies designed to reduce water pollution from fertilizer
runoff by adjusting management practices are theoretically justified and well-understood …

Core Ideas The authors evaluated economically different treatments for sugarcane renewal.
The authors present the impact of the diversification on sugarcane production on venture …

This study analyses the value of a switching option in a flexible biorefinery plant that
produces ethanol and sugar juice in a single plant using energy beets. A real-options …

RESUMO O objetivo do estudo é o apreçamento de áreas agrícolas e quantificar a
influencia dos preços de produtos agrícolas no valor da empresa rural. A avaliação leva em …

This paper uses real option t-heory to asses h-te value of agricult− u ral land that can be
seeded wi th crops. We consider one-and two-factor models for the evolution of crop prices t …