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• W2210599703 abstract "This article investigates the role played by both production and market risks on cash crop farmers’ decision to adopt long rotations considered as innovative cropping systems. We build a multi-period recursive farm model with Discrete Stochastic Programming. The model arbitrates each year between conventional and innovative, longer rotations. Yearly farming operations are declined according to a decision tree, so that production risk is an intra-year risk. Market risk is considered as an inter-year risk influencing crop successions. Simulations are performed on a specialized French cash crop farm. They show that when the long rotation is subsidized by an area premium, farmers are encouraged to remain in longer rotations. They also show that a high level of risk aversion tends to slow down the conversion towards longer rotations." @default.
• W2210599703 created "2016-06-24" @default.
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• W2210599703 date "2016-07-01" @default.
• W2210599703 modified "2023-10-02" @default.
• W2210599703 title "A Dynamic Stochastic Programming model of crop rotation choice to test the adoption of long rotation under price and production risks" @default.
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• W2210599703 doi "https://doi.org/10.1016/j.ejor.2015.12.025" @default.
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