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Systematic and Unsystematic Risk Costs for Southeastern Kansas Farm Enterprises AgEcon
Amegbeto, Koffi N.; Featherstone, Allen M..
Six measures of farm returns are used to estimate the most "appropriate" market index for southeastern Kansas farms. Systematic and nonsystematic risks and risk costs are estimated for farm planning. Results suggest that regional indices are more appropriate for use as the market index than state indices.
Tipo: Working or Discussion Paper Palavras-chave: International trade; Vector autoregressions; Wheat markets; Farm Management.
Ano: 1990 URL: http://purl.umn.edu/118181
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RISK COSTS AND THE CHOICE OF MARKET RETURN INDEX AgEcon
Amegbeto, Koffi N.; Featherstone, Allen M..
Six measures of returns are used to estimate the most "“appropriate"” market index for southeast Kansas farms. Results suggest that localized indices are more appropriate than state indices for use as the market index. The appropriate index was used to estimate systematic and nonsystematic risk and risk costs for farm planning. Estimated risks depend on the choice of market index, whereas risk costs depend on the index choice and the risk aversion are considered. More risk-averse specialized farmers are not completely compensated for risk.
Tipo: Journal Article Palavras-chave: Farm Management; Risk and Uncertainty.
Ano: 1992 URL: http://purl.umn.edu/30732
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