“…Since before Marshall (1920), some agricultural economists have presumed the inefficiency of share contracts over fixed wage and fixed rent contracts in agriculture. Schickele (1941) and Heady (1947) had the view that share contracts are inefficient but Heady mentioned that cost sharing could lead to Pareto optimality. D. Gale Johnson (1950) looked at more general equilibrium considerations, concluding that these "make crop-share tenancy function reasonably well.…”
Section: Contribution #10: Assessing the Role Of Crop Insurance And Lmentioning
This article is a reflection on the path taken by production economics and farm management over the last century, and the progress made in understanding the economics of the farm. The accumulated knowledge has helped refine our assessment of the efficiency of farm management decisions and the evolving role of agriculture in modern society.
“…Since before Marshall (1920), some agricultural economists have presumed the inefficiency of share contracts over fixed wage and fixed rent contracts in agriculture. Schickele (1941) and Heady (1947) had the view that share contracts are inefficient but Heady mentioned that cost sharing could lead to Pareto optimality. D. Gale Johnson (1950) looked at more general equilibrium considerations, concluding that these "make crop-share tenancy function reasonably well.…”
Section: Contribution #10: Assessing the Role Of Crop Insurance And Lmentioning
This article is a reflection on the path taken by production economics and farm management over the last century, and the progress made in understanding the economics of the farm. The accumulated knowledge has helped refine our assessment of the efficiency of farm management decisions and the evolving role of agriculture in modern society.
“…Following A. Smith, all the economists until G. Johnson (1950) have considered sharecropping as a "practice which is hurtful to the whole society," an unexplained failure of the invisible hand that should be either discouraged by taxation (A. Smith) or slightly improved by appropriate sharing of variable factors (Schickele (1941) and Heady (1947)). …”
This paper develops a theory of sharecropping which emphasizes the dual role of moral hazard in the provision of effort and financial constraints. The model is compatible with a large variety of contracts as observed in the region of El Ouija in Tunisia.Using an original set of data including financial data, various tests of the theory are realized.The role of financial constraints in the explanation of which type of contract is selected (as well as its implications that financial constraints affect effort and therefore output) are strongly supported by the data.
“…Although the amount of research on precise relationships between occupancy and environmental outcomes has been limited (Winter, 2007), there is a long history of observations of relationships between tenancy and agricultural economic performance (Higgs, 1972;Hill and Gasson 1985;Schickele, 1941). Occupancy arrangements may influence the level of investment in pollution mitigation technologies with owners or secure tenants more likely to be able to invest (c.f.…”
Section: Private Jurisdictions: the Farmer Still Mattersmentioning
Exeter. He is a rural policy specialist and a rural sociologist with particular interests in applying interdisciplinary approaches to policy-relevant research and in direct engagement in the policy process.David Oliver is senior research fellow in the Centre for Sustainable Water Management in the Lancaster Environment Centre, Lancaster University. His research background is in soil hydrology and water flow pathways, and microbial transfer and survival within agricultural
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.