Data/hora: 03/06/2024 11:37:11

Provedor de dados: | 31
País: | United States
Título: | An Operational Approach for Evaluating Investment Risk: An Application to the No-Till Transition
Autores: | Upadhyay,   Bharat Mani; Young,   Douglas L.
Data: | 2006-03-24
Ano: | 2005
Palavras-chave: | Investment risk; Monte Carlo simulation; No-till; Rent-purchase; Risk; Safety-first; Technology adoption; Transition strategy; Farm Management; Risk and Uncertainty.
Resumo: | Roy's safety-first rule is used to provide measures popular with farmers of short and long term business risk associated with various no-till transition strategies over an investment horizon. The short run rule provided more sensitivity to inter-year financial risk than other commonly used criteria. Results revealed that speed of adoption influenced the probability of successful transition more than did the sequence of drill acquisition methods. Higher equity and larger farms had a greater chance of transition success. Slow acreage expansion with a custom or rental drill reduces risk until a no-till yield penalty is eliminated.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

20466

http://purl.umn.edu/12958

Editor: | AgEcon Search

Relação:

Washington State University&gt;School of Economic Sciences&gt;Working Papers

Working Paper 2005-1

Formato:

23

application/pdf