Human capital, producer education programs, and the adoption of forward-pricing methods
1994
Goodwin, B.K. | Schroeder, T.C.
Using a sample of 509 Kansas producers, we evaluate factors affecting adoption of forward pricing methods. We focus on producers' human capital accumulation and its effect on adoption of forward-pricing techniques. Probit models are employed to evaluate producers' participation in educational programs and their forward-pricing adoption decisions. Tobit models are employed to evaluate individual levels of adoption of these techniques in the marketing of wheat, corn, grain sorghum, soybeans, and cattle.
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