Overview

This book addresses one of the key features of contemporary government policy: how to integrate the economic role of agriculture with the societal role of the rural environment. Historical agricultural policy has focused on encouraging production while protecting farmers from market risk. However production surpluses combined with growing concern over the environmental impacts of intensive agriculture has led to policy changes, which have exposed farmers to more market risk and required them to take account of their impact on the environment. For the first time this book brings these developing policy issues together with a comprehensive consideration of both theoretical and empirical aspects. The first part of the book contains a set of six theoretical contributions to the economics of the agri-environment, including consideration of the associated policy implications. Building on this theoretical base, the second part contains four international case studies of agri-environmental policy.

Full Product Details

Author:   B.A. Babcock ,  R.W. Fraser ,  J.N. Lekakis
Publisher:   Springer
Imprint:   Springer
Edition:   Softcover reprint of hardcover 1st ed. 2003
Dimensions:   Width: 15.50cm , Height: 1.10cm , Length: 23.50cm
Weight:   0.454kg
ISBN:  

9789048161584

ISBN 10:   9048161584
Pages:   204
Publication Date:   01 December 2010
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Out of stock  
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Table of Contents

Risk Management and the Environment in Agriculture: A Key Policy Theme.- I Theory.- 1 The State-contingent Approach to Modeling Environmental Risk Management.- 2 The Precautionary Principle in Practice: How to Write a Call Option on the Environment.- 3 Factors Determining Best Management Practice Adoption Incentives and the Impact of Green Insurance.- 4 Uncertainty and Adoption of Sustainable Farming Systems.- 5 Incentive Design for Introducing Genetically Modified Crops.- 6 An Economic Risk Assessment of the Impact on Producers of Removing Quarantine Restrictions.- II Case Studies.- 7 Risk Attitudes and Risk Perceptions of Crop Producers in Western Australia.- 8 Valuing Pest Control: How Much is Due to Risk Aversion?.- 9 The Influence of Price Risk on Set-aside Choice in the EU.- 10 Production Risks, Acreage Decisions, and Implications for Revenue Insurance Programs.- 11 The Effects of Crop Insurance and Disaster Relief Programs on Soil Erosion: The Case of Soybeans and Corn.- Conclusion.- Author Index.

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