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Risk Management and the Environment

  • Mark Metcalfe
  • David Sunding
  • David Zilberman
Chapter
Part of the Natural Resource Management and Policy book series (NRMP, volume 23)

Abstract

Environmental and resource management issues have played a major role in agriculture. On the one hand, there is increased awareness of the environmental side effects resulting from agriculture and the problems associated with pollution, depletion of natural resources, and the effects on human and wildlife health caused by farming activities. On the other hand, it has also been realized that farmers are stewards of the land, and their actions contribute to the enhancement of environmental quality and also generate value that is not compensated directly by markets. Both the control of negative externalities as well as the compensation for positive ones are subject to public sector involvement through government policies, and therefore much of the research on the environment and agriculture is policy-driven and provides input for both regulatory action and farmers’ response (Lichtenberg, forthcoming).

Keywords

Risk Management Environmental Quality Expected Profit Risk Management Strategy Optimal Input 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Copyright information

© Springer Science+Business Media New York 2002

Authors and Affiliations

  • Mark Metcalfe
    • 1
  • David Sunding
    • 1
  • David Zilberman
    • 1
  1. 1.University of CaliforniaBerkeleyUSA

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