| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
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| Título: |
AN EVALUATION OF RISK MANAGEMENT STRATEGIES FOR DAIRY FARMS
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| Autores: |
Bosch, Darrell J.
Johnson, Christian J.
|
| Data: |
2003-04-07
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| Ano: |
1992
|
| Palavras-chave: |
Livestock Production/Industries
Risk and Uncertainty
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| Resumo: |
Variability in feed prices and crop yields are important sources of risk to dairy farmers. A simulation model of a representative dairy farm was used to evaluate crop insurance and hedging as risk management strategies. These strategies lowered expected net returns but also reduced risk. The preferred set of strategies at lower levels of risk aversion included hedging and crop insurance, although a base scenario in which no risk management strategies were employed was also efficient. The preferred strategy at higher levels of risk aversion was a combination of crop insurance and hedging.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
8090
http://purl.umn.edu/29638
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| Editor: |
AgEcon Search
|
| Relação: |
Southern Journal of Agricultural Economics>Volume 24, Number 02, December 1992
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| Formato: |
10
application/pdf
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