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Registros recuperados: 26
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EFFECTS OF FARMERS' RISK ATTITUDES AND PERSONALITY TYPES ON PRODUCTION AND MARKETING DECISIONS AgEcon
Xu, Pei; Alexander, Corinne E.; Patrick, George F.; Musser, Wesley N..
Producers' risk perceptions, as well as their empirical measurement, have been an on-going concern for agricultural economists. Identification and categorization of producers' risk attitudes is important in both research and extension contexts. This study explores some alternative measures of farmers' attitudes and their relationships with observed producer behavior. The effect of farmers' personality types, as derived from the Myers-Briggs personality type indicator test, on marketing behavior is also explored. There were positive and statistically significant correlations of producers' risk attitudes in various areas of the farm business. However, there are also some differences in producers' willingness to risk, especially in the finance area....
Tipo: Working or Discussion Paper Palavras-chave: Farm Management; Risk and Uncertainty.
Ano: 2005 URL: http://purl.umn.edu/28677
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MAGNITUDE ESTIMATION: AN APPLICATION TO FARMERS' RISK-INCOME PREFERENCES AgEcon
Patrick, George F.; Blake, Brian F.; Whittaker, Suzanne H..
Magnitude estimation, a technique developed by psychology for obtaining ratio scaled values, was used to derive risk-income preferences of ninety-one central Indiana farmers. Both variability-income and bankruptcy-income measures were developed and related to farmers' socio-economic attributes. Wealth and education had limited effects compared with off-farm employment, percent debt and expected levels of income, percent debt and net worth growth. Magnitude estimation provided reliable estimates of preferences. Farmers gave greater importance to the bankruptcy-income measure of risk-income preferences, but only a small portion of the variation of either measure could be explained.
Tipo: Journal Article Palavras-chave: Farm Management; Risk and Uncertainty.
Ano: 1981 URL: http://purl.umn.edu/32583
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DO PRODUCER RISK ATTITUDES EFFECT THE SIZING OF ON-FARM HARVEST, DRYING, AND STORAGE SYSTEMS? AgEcon
Davis, Todd D.; Patrick, George F..
An on-farm harvest, drying and storage system simulation model is used to determine how producers' risk attitudes effect combine and dryer capacity. Stochastic dominance determines the risk efficient combine and dryer set for a 2000 acre farm in central Indiana. Capacities decrease as risk aversion increases.
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods; Risk and Uncertainty.
Ano: 1999 URL: http://purl.umn.edu/21640
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AGRICULTURAL CHOICE DILEMMAS QUESTIONNAIRE AgEcon
Patrick, George F.; Musser, Wesley N..
Tipo: Working or Discussion Paper Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2001 URL: http://purl.umn.edu/28635
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Crop Revenue and Yield Insurance Demand: A Subjective Probability Approach AgEcon
Shaik, Saleem; Coble, Keith H.; Knight, Thomas O.; Baquet, Alan E.; Patrick, George F..
A multinomial logit is utilized to model the choice of whether to purchase yield or revenue insurance using subjectively elicited survey data. Our results indicate that the demand for crop insurance is inelastic (-0.40), consistent with most earlier yield elasticity estimates, but the elasticity for choices between yield and revenue insurance is found to be relatively more elastic (-0.88).
Tipo: Journal Article Palavras-chave: Crop insurance; Elasticities; Multinomial logit model; Revenue demand; Subjective elicitation; Survey; Agribusiness; Crop Production/Industries; Demand and Price Analysis; Q18.
Ano: 2008 URL: http://purl.umn.edu/47256
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UNDERSTANDING THE ECONOMIC FACTORS INFLUENCING FARM POLICY PREFERENCES AgEcon
Coble, Keith H.; Knight, Thomas O.; Patrick, George F.; Baquet, Alan E..
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural and Food Policy.
Ano: 2000 URL: http://purl.umn.edu/19578
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Risk Management Education: An Examination of Crop Producers' Participation in Recent Programs and of Their Desire for Additional Training AgEcon
Knight, Thomas O.; Coble, Keith H.; Patrick, George F.; Baquet, Alan E..
Risk management education has been a focus of U.S. farm policy since 1996. In support of significant ongoing United States Department of Agriculture (USDA) educational efforts, this study examines agricultural producers’ educational needs and interests. Data obtained through a survey of crop producers are used in probit models examining interest in additional training in five areas including forward contracting, futures and options, crop yield insurance, crop revenue insurance, and financial management. The study results should be useful in determining appropriate risk management education program content and in indentifying and tailoring to specific target audiences.
Tipo: Journal Article Palavras-chave: Commodity futures; Commodity options; Crop insurance; Forward contracting; Risk management; D81; D83; Q16.
Ano: 2003 URL: http://purl.umn.edu/43164
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THE EFFECTS OF RISK MANAGEMENT STRATEGIES WITH DIVERSIFIED HOG/CROP PRODUCTION AgEcon
Nydene, Cory; Patrick, George F.; Baker, Timothy G..
Risk management strategies were compared using a corn/soybean farm, a hog farm, and a diversified hog/crop farm. Results suggest risk management tools are more effective in combinations, hog/crop diversification shows limited risk reducing benefits, and the effects of choosing among risk management tools may be overemphasized.
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness; Risk and Uncertainty.
Ano: 1999 URL: http://purl.umn.edu/21694
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EVALUATING RISK MANAGEMENT ALTERNATIVES FOR INDIANA CROP PRODUCERS AgEcon
Rios, Ana R.; Patrick, George F..
Impacts of the expansion of crop insurance alternatives, increases in premium subsidies, and the 2002 Farm Bill are included in an evaluation of risk management strategies. Levels and variability of net farm revenue are analyzed by several criteria. Results indicate that effective strategies differ among geographical areas of Indiana.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries; Risk and Uncertainty.
Ano: 2003 URL: http://purl.umn.edu/22195
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SOME IMPACTS OF INFLATION ON FARM FIRM GROWTH AgEcon
Patrick, George F..
Tipo: Journal Article Palavras-chave: Agricultural Finance.
Ano: 1978 URL: http://purl.umn.edu/30480
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EXTENSION EDUCATORS' SUPPLY OF RISK MANAGEMENT TRAINING TO FARMERS AgEcon
Vergara, Oscar; Martin, Steven W.; Coble, Keith H.; Knight, Thomas O.; Patrick, George F.; Baquet, Alan E..
A univariate Tobit model of extension educators' provision of risk management educational training was conducted in Mississippi, Texas, Indiana, and Nebraska. A complementary relationship exists between percent of time devoted to agricultural responsibilities and the provision of risk management training courses. The results indicate that, as extension educators perceive farmers to be more knowledgeable of risk management tools, their provision of risk management education decreases. On the other hand, the provision of risk management courses increase as extension educators perceive themselves as being more knowledgeable on the use of risk management tools.
Tipo: Conference Paper or Presentation Palavras-chave: Teaching/Communication/Extension/Profession.
Ano: 2003 URL: http://purl.umn.edu/35245
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MEASUREMENT AND MODELING OF FARMERS' GOALS: AN EVALUATION AND SUGGESTIONS AgEcon
Patrick, George F.; Blake, Brian F..
Tipo: Journal Article Palavras-chave: Farm Management.
Ano: 1980 URL: http://purl.umn.edu/29387
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Large-Scale Producers' Perceptions of, and Managerial Responses to, Increased Volatility AgEcon
Alexander, Corinne E.; Patrick, George F..
Surveys were conducted with participants in the 2008 and 2009 Top Farmer Crop Workshops at Purdue University. These large-scale commercial farmers were asked about changes in the availability of forward pricing contracts and its impact on their marketing program. These producers were also asked about their perceptions of input costs and their management responses to higher input costs, including flexible cash rents. Although these large-scale producers have used a more active management style in response to increased volatility, there is a need for additional education and assistance in both marketing and input acquisition.
Tipo: Journal Article Palavras-chave: Agribusiness; Farm Management; Marketing.
Ano: 2010 URL: http://purl.umn.edu/96379
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CROP PRODUCER RISK MANAGEMENT SURVEY: A PRELIMINARY SUMMARY OF SELECTED DATA; A REPORT FROM THE UNDERSTANDING FARMER RISK MANAGEMENT DECISION MAKING AND EDUCATIONAL NEEDS RESEARCH PROJECT AgEcon
Coble, Keith H.; Knight, Thomas O.; Patrick, George F.; Baquet, Alan E..
Changes in the risk environment and tools available to manage risk have resulted in an increased need for risk management skills among farmers and ranchers. In response the USDA initiated a risk management education competitive grants program in the spring of 1998. This is the first report from one of the grant-funded projects. The project's primary objective is to provide supporting research that will contribute to the design and implementation of effective risk management education programs, policies and tools. This report provides selected summary statistics, without analysis, from a survey of crop producers conducted as part of the first phase of the project. Over 1,800 usable producer responses from Mississippi, Texas, Indiana, and Nebraska are...
Tipo: Working or Discussion Paper Palavras-chave: Risk Insurance Marketing Policy; Risk and Uncertainty.
Ano: 1999 URL: http://purl.umn.edu/15805
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Hog Producers' Risk Management Attitudes and Desire for Additional Risk Management Education AgEcon
Patrick, George F.; Peiter, Amy J.; Knight, Thomas O.; Coble, Keith H.; Baquet, Alan E..
Hog producers in Indiana and Nebraska were surveyed about sources of risk, effectiveness of risk management strategies, and prior participation in and desire for additional risk management education. Ownership of hogs by the producer, size of the operation, and age did have significant effects on ratings of both sources of risk and effectiveness of risk management strategies. Probit analysis found age, prior attendance, knowledge and prior use of the tool, level of integration, and concern about price and performance risk have significant effects on interest in further education about production contracts, futures and options, packer marketing contracts, and financial management.
Tipo: Journal Article Palavras-chave: Financial management; Futures and options; Packer marketing contracts; Production contracts; Risk attitudes; Risk management; D81; D83; Q12; Q16.
Ano: 2007 URL: http://purl.umn.edu/37110
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Preference for Risk Management Information Sources: Implications for Extension and Outreach Programming AgEcon
Rejesus, Roderick M.; Knight, Thomas O.; Jaramillo, Mauricio; Coble, Keith H.; Patrick, George F.; Baquet, Alan E..
This article examines farmers’ preferences for various risk management information sources. Our results suggest that information from risk management experts, in-depth materials studied on their own, and popular press outlets tend to be preferred and are ranked highly by producers. Using a regression model to investigate farmer/farm attributes that affect preference for a particular risk management information source, we find that younger farmers with college education, higher leverage, assets greater than $1 million, risk-loving attitudes, and who have used professional services (marketing consultants) tend to prefer information from risk management experts, the Internet, and marketing clubs/other producers. On the other hand, producers who prefer...
Tipo: Journal Article Palavras-chave: Crop insurance; Extension; Information sources; Outreach; Risk management; Risk and Uncertainty.
Ano: 2008 URL: http://purl.umn.edu/44742
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HORTICULTURAL CHOICE DILEMMAS QUESTIONNAIRE AgEcon
Musser, Wesley N.; Patrick, George F..
Tipo: Working or Discussion Paper Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2001 URL: http://purl.umn.edu/28679
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Farm Income Variability and the Supply of Off-Farm Labor by Limited-Resource Farmers AgEcon
Vergara, Oscar; Coble, Keith H.; Patrick, George F.; Knight, Thomas O.; Baquet, Alan E..
We study the relationship between the off-farm labor decision and the limited-resource farmers’ and spouses’ off-farm experience, education, and sources of income. We found that farmers’ and spouses’ off-farm experience and wages are significant factors in explaining the off-farm labor supply decision. Contrary to expectations, farm income variability is not significant in the farmers’ and spouses’ decision to see off-farm work. The off-farm labor supply of farmers and their spouses is negatively correlated with income transfers from the government. It was also found that the spouse is a residual supplier of on-farm and off-farm labor.
Tipo: Journal Article Palavras-chave: Farm income variability; Limited-resource farmer; Off-farm work; Tobit regression; C34; D19; D81; J15; Q18.
Ano: 2004 URL: http://purl.umn.edu/43394
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THE ECONOMIC FACTORS INFLUENCING PRODUCERS' DEMAND FOR FARM MANAGERS AgEcon
Vergara, Oscar; Coble, Keith H.; Knight, Thomas O.; Patrick, George F.; Baquet, Alan E..
Results from a Tobit model showed a complementary relationship between marketing inputs and the decision to hire farm managers. According to the results, as farmers increase expenditure on marketing consultants and information systems, their expenditure on farm managers increase as well.
Tipo: Conference Paper or Presentation Palavras-chave: Farm Management.
Ano: 2003 URL: http://purl.umn.edu/35227
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HOG RISK MANAGEMENT SURVEY: SUMMARY AND PRELIMINARY ANALYSIS AgEcon
Patrick, George F.; Baquet, Alan E.; Coble, Keith H.; Knight, Thomas O..
This paper summarizes the results of a survey of a stratified, random sample of 630 hog operations in Indiana and Nebraska. The survey was conducted in March and April, 2000 with support of a research grant to contribute to the development of a knowledge base to guide the design and implementation of effective risk management programs, policies and tools. This staff paper provides selected summary statistics with limited analysis of size of operation and state effects. Information is presented on sources and responses to risk as well as producers' views on selected agricultural policy, risk management and marketing issues. Use and perceptions of effectiveness of risk-reducing production practices are analyzed. Producers' use of production and marketing...
Tipo: Working or Discussion Paper Palavras-chave: Risk Management; Hogs; Agricultural Policy; Marketing Contracts; Hog Marketing; Livestock Production/Industries; Risk and Uncertainty.
Ano: 2000 URL: http://purl.umn.edu/28638
Registros recuperados: 26
Primeira ... 12 ... Última
 

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