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	Provedor de dados AgEcon (1) Autor Flaten, Ola (1) Lien, Gudbrand D. (1) Tveteras, Ragnar (1) Palavra-chave Agribusiness (1) Dairy farming (1) Livestock Production/Industries (1) Multi-output technologies (1) Production risk (1) Tipo do documento Conference Paper or Presentation (1) Ano 2008 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Production risk in multi-output industries: estimates from Norwegian dairy farms AgEcon Tveteras, Ragnar; Flaten, Ola; Lien, Gudbrand D.. Farmers who produce multiple outputs are portfolio managers in the sense that they use inputs to balance expected economic return and variance of return. This paper estimates the structure of the stochastic multi-output production technology in Norwegian dairy farming, allowing for a more flexible specification of the technology than previous studies. We find that an increase in input levels leads primarily to higher output variability, and that inputs also influence the covariance of shocks between outputs. Risk-reducing effects of inputs on outputs are primarily present in the covariance functions. Technical change leads to shifts in the profit distribution over the data period, but no welfare improvement for risk-averse farmers. Tipo: Conference Paper or Presentation Palavras-chave: Multi-output technologies; Production risk; Dairy farming; Agribusiness; Livestock Production/Industries. Ano: 2008 URL: http://purl.umn.edu/43958 Registros recuperados: 1 Primeira ... 1 ... Última

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