Files
Abstract
Greece is a major international tobacco producer. Flue-cured tobacco varieties constituted the major alternative crop to
Greek farmers growing certain oriental tobacco varieties. Diffusion of flue-cured tobacco was rapid due to its high yields
and the depressed market for certain oriental tobacco varieties. Currently, the common organisation of the tobacco market
is undergoing substantial changes, and the farmers' response will be a vital factor of success. A portfolio selection model
reveals that the major factors influencing the adoption decision of tobacco growers are the size of the farm measured in
annual work units, the farm's proximity to urban centres, the farm's diversification and the farmer's age. The number
of contacts with institutions is, surprisingly, inversely related to adoption. Future tobacco policies impinging on factors
influencing decisions to adopt new varieties or production practices may be more cost-effective. © 1998 Elsevier Science B.V.
All rights reserved.