| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
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| Título: |
An Operational Approach for Evaluating Investment Risk: An Application to the No-Till Transition
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| Autores: |
Upadhyay, Bharat Mani
Young, Douglas L.
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| Data: |
2006-03-24
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| Ano: |
2005
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| Palavras-chave: |
Investment risk
Monte Carlo simulation
No-till
Rent-purchase
Risk
Safety-first
Technology adoption
Transition strategy
Farm Management
Risk and Uncertainty
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| 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.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
20466
http://purl.umn.edu/12958
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| Editor: |
AgEcon Search
|
| Relação: |
Washington State University>School of Economic Sciences>Working Papers
Working Paper 2005-1
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| Formato: |
23
application/pdf
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