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Crop Biodiversity, Risk Management and the Implications of Agricultural Assistance

Di Falco, Salvatore.
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http://hdl.handle.net/10379/993
 https://doi.org/10.13025/23012
Publication Date
2004
Keywords
Economics
Type
Working Paper
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Citation
Di Falco, S., & Perrings, C. (2004) "Crop Biodiversity, Risk Management and the Implications of Agricultural Assistance" (Working Paper No. 0084) Department of Economics, National University Ireland, Galway.
Abstract
This paper presents a theoretical and empirical analysis of the impact of financial assistance to farms on crop biodiversity in an uncertain setting. The findings reveal that risk aversion is an important driving force for crop biodiversity conservation. Risk averse farmers can hedge against the uncertainty they face by allocating land to different crop species. However, policies intended to stabilize revenues by supporting particular species may alter this link by delinking crop biodiversity from the management of revenues risk.
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Publisher
National University of Ireland, Galway
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Attribution-NonCommercial-NoDerivs 3.0 Ireland
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Economics (Working Papers)