Human Capital, Producer Education Programs, and the Adoption of Forward‐Pricing Methods
基于509位堪萨斯州生产者的样本，评估人力资本积累对远期定价方法采用的影响，使用Probit和Tobit模型分析教育参与和采用决策。
Abstract 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.