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| Anaman, Kwabena A.; Boggess, William G.. |
| Cumulative probability distributions of income for management scenarios involving four pre-harvest marketing strategies are subjected to stochastic dominance analysis to determine risk-efficient sets of strategies for different groups of farmers in North Florida. Results indicate that farmers should behave differently in their choice of marketing strategies according to their risk attitudes. Highly risk-averse farmers should prefer some forward contracting while low risk-averse and risk loving farmers should prefer cash sales at harvest. Use of the futures markets leads to both higher income and greater risk than forward contracting but lower income and risk than cash sales. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 1986 |
URL: http://purl.umn.edu/29766 |
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| Boggess, William G.; Anaman, Kwabena A.; Hanson, Gregory D.. |
| Despite the contention that risk and uncertainty play an important role in agriculture in North Florida and South Alabama, very little is known about producers' perceptions of risk. This paper describes the procedures used and the results obtained from a statistically random survey of farmers' perceptions of the importance of various sources of risk and alternative risk management practices. Initially, farmers were asked to define risk and then to rank various sources of risk and management responses to risk based on the relative importance of each to their operation. Summary statistics, Chi-squares analyses, and logistic regression techniques were used to analyze the data. |
| Tipo: Journal Article |
Palavras-chave: Farm Management; Risk and Uncertainty. |
| Ano: 1985 |
URL: http://purl.umn.edu/29992 |
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