Agriculture Reference
In-Depth Information
Table 4.4
Logit regression estimates: Cropshare vs. cash rent, British Columbia and Louisiana (1992)
(dependent variable=1ifcropshare contract;=0ifcash rent)
Independent variables
Full sample
British Columbia sample
Louisiana sample
Predicted sign
CONSTANT
−
0.86
−
2.59
0.08
2.16)
∗
(
−
1.57)
(
−
(0.13)
Output division
HAY
−
0.31
−
0.78
−
1.40
−
(
−
0.77)
(
−
1.41)
(
−
1.05)
INSTITUTION
−
1.25
−
2.11
−
0.94
−
(
−
3.24)
∗
(
−
1.91)
∗
(
−
1.99)
∗
Soil exploitation
DENSITY
−
0.005
−
(
−
0.94)
IRRIGATED
−
0.31
−
0.89
0.002
−
(
−
0.87)
(
−
1.07)
(0.00)
RICE
2.27
1.59
+
(5.05)
∗
(3.21)
∗
ROW CROP
1.60
1.49
1.21
+
(5.75)
∗
(3.66)
∗
(1.39)
TREES
2.44
3.51
+
(3.77)
∗
(3.58)
∗
Other models
ABSENT
9.01
10.30
8.41
−
(0.88)
(0.53)
(0.75)
AGE
0.008
0.031
−
0.004
−
(0.86)
(1.47)
(
−
0.37)
ACRES OWNED
−
1.29
−
.51)
−
1.17
−
3.23)
∗
2.36)
∗
(
−
(
−
0.62)
(
−
FAMILY
0.49
−
0.105
0.47
+
(1.70)
(
−
1.39)
(1.41)
Controls
ACRES
0.0001
0.0001
0.0002
(0.28)
(0.00)
(0.00)
FARM SALES
0.02
−
0.12
0.015
(0.47)
(
−
0.81)
(0.29)
Observations
569
155
414
2
(df )
χ
222.31(12)
57.15(11)
90.51(13)
Log likelihood
−
433.37
−
114.59
−
297.72
Note:
t-statistics in parentheses.
∗
significant at the 5 percent level (one-tailed test for coefficients with predicted signs).
