...Sameh Hachicha; Leila Kaaniche; Fathi Abid Purpose Investment decisions by agribusiness firms are costly and subject to high volatility and uncertainty. In many cases, the project value is not only determined by its cash‐flows stream and financial side effects but also by the presence...

... with a farm asset disinvestment strategy, that there is rigidity in off farm income reliance, and that factors explaining farm capital growth indirectly affect the off farm reliance. © Emerald Group Publishing Limited 2007 Agricultural sector Human capital Investment Off‐farm work ...

...Jeffrey Hyde; Jeffrey R. Stokes; Phoebe D. Engel Automatic milking systems (AMSs) are a relatively new technology characterized by uncertainty and irreversibility. The choice to invest in such a system is analyzed in a real options framework. Alternative financing arrangements, depreciation methods...