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).