Agriculture Reference
In-Depth Information
Table 4.3
Logit regression estimates: Cropshare vs. cash rent, Nebraska and South Dakota (1986)
(dependent variable=1ifcropshare contract;=0ifcash rent)
Independent variables
Full sample
Farmer sample
Landowner sample
Predicted sign
CONSTANT
0.94
0.30
0.28
(
0.61)
(
1.07)
(1.48)
Output division
HAY
0.38
0.18
0.55
( 2.71)
( 2.99)
( 0.79)
INSTITUTION
0.73
( 3.26)
Soil exploitation
DENSITY
0.001
0.001
0.052
( 2.00)
( 1.93)
( 1.31)
IRRIGATED
0.97
0.73
1.12
( 8.37)
( 4.24)
( 6.86)
ROW CROP
2.76
2.10
3.44
+
(23.97)
(11.78)
(20.36)
Other models
ABSENT
0.23
( 1.71)
AGE
0.07
(1.29)
ACRES OWNED
0.003
(
0.93)
FAMILY
0.07
0.046
0.30
+
(2.16)
(
0.77)
(
0.32)
Controls
ACRES
0.00002
0.0004
0.00005
(2.92)
(0.28)
(
1.11)
FARM INCOME
0.09
0.18
( 2.76)
( 1.77)
ROW*HAY
0.039
0.16
0.03
(0.19)
(0.56)
( 0.10)
Observations
3,432
1,261
2,171
2 (df )
χ
1,141.37(7)
300.83(11)
941.03(9)
Log likelihood
1,507.17
663.29
780.38
Note: t-statistics in parentheses.
significant at the 5 percent level (one-tailed test for coefficient with predicted signs).
 
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