Overview

This work 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. 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. All the authors are experts in their field, and the original material contained in this book should be of interest to academic agricultural and environmental economists, postgraduate students, and policymakers.

Full Product Details

Author:   B.A. Babcock ,  R.W. Fraser ,  J.N. Lekakis
Publisher:   Springer-Verlag New York Inc.
Imprint:   Springer-Verlag New York Inc.
Edition:   2003 ed.
Dimensions:   Width: 21.00cm , Height: 1.40cm , Length: 29.70cm
Weight:   1.080kg
ISBN:  

9781402009815

ISBN 10:   140200981
Pages:   204
Publication Date:   30 November 2002
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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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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