首页    期刊浏览 2024年07月05日 星期五
登录注册

文章基本信息

  • 标题:Valuing the risk associated with willow and miscanthus relative to conventional agricultural systems
  • 本地全文:下载
  • 作者:Clancy, Daragh ; Breen, James P. ; Butler, Anne Marie
  • 期刊名称:Journal of Food Distribution Research
  • 印刷版ISSN:0047-245X
  • 出版年度:2008
  • 卷号:39
  • 期号:SUPPL
  • 出版社:Food Distribution Research Society
  • 摘要:The agronomic characteristics of willow and miscanthus make these crops highly susceptible to risk. This is particularly true in a country such as Ireland which has limited experience in the production of these crops. Issues such as soil and climate suitability have as yet to be resolved. The lengthy production lifespan of energy crops only serve to heighten the level of risk that affects key variables. The uncertainty surrounding the risk variables involved in producing willow and miscanthus, such as the annual yield level and the energy price, make it difficult to accurately calculate the returns of such a project. The returns from willow and miscanthus are compared with those of conventional agricultural enterprises using Stochastic Efficiency with Respect to a Function (SERF). A risk premium is calculated which farmers would need to be compensated with in order for them to be indifferent between their current enterprise and switching to biomass crop production. With the exception of spring barley, a risk premium is required if farmers are to be indifferent between their current enterprise and willow or miscanthus. The value of the risk premium required to entice farmers to switch to miscanthus production is significantly less than that required for willow. This suggests that a greater level of risk is associated with willow than with miscanthus.
  • 关键词:Biomass;SERF;Risk Premium
国家哲学社会科学文献中心版权所有