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Provedor de dados:  AgEcon
País:  United States
Título:  Factors Affecting Farmers’ Utilization of Agricultural Risk Management Tools: The Case of Crop Insurance, Forward Contracting, and Spreading Sales
Autores:  Velandia, Margarita M.
Rejesus, Roderick M.
Knight, Thomas O.
Sherrick, Bruce J.
Data:  2009-04-02
Ano:  2009
Palavras-chave:  Adoption decisions
Crop insurance
Forward contracting
Multinomial probit
Multivariate probit
Risk management
Spreading sales
Agribusiness
Agricultural Finance
Crop Production/Industries
Demand and Price Analysis
Risk and Uncertainty
G22
Q12
Q18
Resumo:  Factors affecting the adoption of crop insurance, forward contracting, and spreading sales are analyzed using multivariate and multinomial probit approaches that account for simultaneous adoption and/or correlation among the three risk management adoption decisions. Our empirical results suggest that the decision to adopt crop insurance, forward contracting, and/or spreading sales are correlated. Richer insights can be drawn from our multivariate and multinomial probit analysis than from separate, single-equation probit estimation that assumes independence of adoption decisions. Some factors significantly affecting the adoption of the risk management tools analyzed are proportion of owned acres, off-farm income, education, age, and level of business risks.
Tipo:  Journal Article
Idioma:  Inglês
Identificador:  http://purl.umn.edu/48751
Relação:  Journal of Agricultural and Applied Economics>Volume 41, Number 01, April 2009
Formato:  17
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