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• W4230776789 abstract "Abstract This paper examines risks and returns associated with soil conservation on hillside farms in the Philippines. Stochastic efficiency analysis is combined with a heteroskedastic regression model to assess the impacts of contour hedgerows on low‐income corn farms. Regression analysis indicates that, over time, contour hedgerows can improve yields up to 15% compared with conventional practices. The analysis also provides weak support tor a hypothesis that hedgerows are variance reducing. However, results show that the reduction in yield variability afforded by hedgerows is modest, and that yield variability may increase by as much as 5% as hedgerow intensity rises. Tests for stochastic dominance show that, compared with the conventional tillage system, hedgerows do not constitute an unambiguously dominant production strategy. Stochastic elticiency with respect to a function is used to identify a range lor the coefficient ol relative risk aversion within which hedgerows dominate conventional tillage. Results suggest this range would be rather high; hedgerows dominate the conventional cropping strategy only lor decision‐makers with relative risk aversion coefficients in the range 3‐5.5. Implications for soil conservation adoption in low‐income settings are discussed." @default.
• W4230776789 created "2022-05-11" @default.
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• W4230776789 date "1999-08-01" @default.
• W4230776789 modified "2023-10-11" @default.
• W4230776789 title "Risks and returns from soil conservation: evidence from low‐income farms in the Philippines" @default.
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• W4230776789 doi "https://doi.org/10.1111/j.1574-0862.1999.tb00583.x" @default.
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