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Vandeveer, Lonnie R.; Paxton, Kenneth W.; Lavergne, David R.. |
Income variability and means for managing risk continue to receive much attention in farm management research. In this paper, irrigation is presented as a risk-management strategy that offers potential diversification benefits. Potential diversification opportunities largely result from a wider range of enterprise production activities. A portfolio analysis of dryland and irrigated farm scenarios indicates that income stabilizing and diversification effects of irrigation substantially modify the risk-return position of a typical farm in northeast Louisiana. Safety-first considerations along with Target MOTAD programming procedures also are used to evaluate the impact of irrigation on the farm's financial performance. |
Tipo: Journal Article |
Palavras-chave: Farm Management. |
Ano: 1989 |
URL: http://purl.umn.edu/30106 |
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