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Crop genetic diversity, farm productivity and the management of environmental risk in rainfed agriculture

Di Falco, Salvatore and Chavas, Jean-Paul (2006) Crop genetic diversity, farm productivity and the management of environmental risk in rainfed agriculture. European Review of Agricultural Economics, 33 (3). pp. 289-314. ISSN 0165-1587

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Identification Number: 10.1093/eurrag/jbl016

Abstract

This paper presents an assessment of the linkages between crop genetic diversity, farm productivity and risk management. A flexible moment-based approach is used to analyse the impact of crop genetic diversity on the mean, variance and skewness of yield. Using farm-level data from Sicily (Italy), econometric evidence shows how crop genetic diversity can increase farm productivity and reduce risk exposure. The empirical results indicate that crop genetic diversity can reduce variance, but only if pesticide use is low. Furthermore, high diversity levels can reduce downside risk exposure (e.g. the risk of crop failure). This provides useful insights on the linkages between resilience and crop genetic diversity.

Item Type: Article
Official URL: http://erae.oxfordjournals.org/
Additional Information: © 2006 Oxford University Press and Foundation for the European Review of Agricultural Economics
Divisions: Geography & Environment
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
S Agriculture > S Agriculture (General)
JEL classification: D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D80 - General
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q1 - Agriculture > Q12 - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q1 - Agriculture > Q18 - Agricultural Policy; Food Policy
Date Deposited: 06 May 2011 14:32
Last Modified: 04 Jan 2024 17:24
URI: http://eprints.lse.ac.uk/id/eprint/35962

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