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Full-Text Articles in Economic History

What Motivates Farmers To Apply Phosphorus At The “Right” Time? Survey Evidence From The Western Lake Erie Basin, Wendong Zhang, Robyn S. Wilson, Elizabeth Burnett, Elena G. Irwin, Jay F. Martin Aug 2016

What Motivates Farmers To Apply Phosphorus At The “Right” Time? Survey Evidence From The Western Lake Erie Basin, Wendong Zhang, Robyn S. Wilson, Elizabeth Burnett, Elena G. Irwin, Jay F. Martin

Economics Publications

Phosphorus loadings from the Maumee River watershed have significantly compromised the Lake Erie ecosystem, as evidenced by the most severe harmful algal bloom in Lake Erie in 2015 and the shut-down of Toledo drinking water supply in 2014. Despite government payments for adoption of voluntary conservation practices, excess nutrient runoff from agricultural production remains a substantial challenge. The right timing of nutrient application is a critical best management practice (BMP). Using a unique survey of 2540 farmer respondents in the Maumee River watershed, this paper analyzes how socio-psychological, socio-demographic, and field-based spatial characteristics impact farmers' adoption of timing-related best practices ...


Intellectual Property In Plant Breeding: Comparing Different Levels And Forms Of Protection, Sergio H. Lence, Dermot J. Hayes, Julian M. Alston, John Stephen C. Smith Jan 2016

Intellectual Property In Plant Breeding: Comparing Different Levels And Forms Of Protection, Sergio H. Lence, Dermot J. Hayes, Julian M. Alston, John Stephen C. Smith

Economics Publications

Welfare trade-offs between intellectual property (IP) protections provided by patents and by plant variety protection (PVP) are explored. PVP breeders’ exemption weakens IP protection, but may speed the transfer of research gains across firms. A model is developed assuming firms optimise research given existing IP protection. A baseline scenario supporting each system is used to perform welfare analysis, and study how the balance is altered between systems. Survey data suggest patents are more appropriate for longer-term, higher-risk research, whereas PVP is better suited for traditional breeding. A scenario where patents and licensing co-exist dominates PVP in all commercially relevant areas.


Trends And Determinants Of Us Farmland Values Since 1910: Evidence From The Iowa Land Value Survey, Wendong Zhang, Zachariah Beek Jan 2016

Trends And Determinants Of Us Farmland Values Since 1910: Evidence From The Iowa Land Value Survey, Wendong Zhang, Zachariah Beek

Economics Publications

Valued at 2.31 trillion US dollars in 2016, farm real estate (land and structures) accounted for 85% of total US farm assets; in addition, farm real estate also represents the largest single item in a typical farmer’s investment portfolio. As a result, changes in its values have been a perennial interest to policy-makers, farmers, researchers and investors alike. Focusing on Iowa, a Midwestern state at the heart of the Corn Belt, and using annual data since 1950 from the Iowa Land Value Survey, this article analyses what drives the changes in land values in Iowa and across the ...