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| Bard, Sharon K.; Barry, Peter J.. |
| The 1996 Farm Bill and low commodity prices have regenerated interest in the impact of risk and farmers' risk attitudes on production agriculture. Previous research has used expected utility theory (EUT) and direct elicitation of utility functions (DEU) for eliciting risk attitudes. To overcome the criticism of EUT and DEU, a recently developed technique called the "closing in" method is adapted for eliciting farmers' risk attitudes. This method is applied to Illinois farmers by using a computerized decision procedure, and is validated by comparing the results to the farmers' self-assessment of their risk attitudes and score to a risk attitudinal scale. |
| Tipo: Journal Article |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2001 |
URL: http://purl.umn.edu/31153 |
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| Bard, Sharon K.; Barry, Peter J.. |
| This study adapts a methodology formulated in the social sciences to develop a scale for measuring an economic agents attitude toward risk. The scale assesses risk attitudes by eliciting farmers opinions towards risk management tools using a Likert procedure. The methodology validates the scale with a scientific risk attitude measure and compares the scale to the farmers self-assessment of their risk attitudes. The resulting scale methodology could be administered to people without the need for personal interviews. The subjects for this study were Midwestern farmers, but the methodology can be applied to any sector of the agricultural industry. |
| Tipo: Journal Article |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2000 |
URL: http://purl.umn.edu/34573 |
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| Bard, Sharon K.; Craig, Dawn J.; Boehlje, Michael. |
| The purpose of this study is to identify the attributes that farm borrowers value in the credit relationship as well as the trade-offs in those attributes. Agricultural borrowers prefer a lender who can provide them with competitive interest rates, quick decisions on a loan request, an adequate loan amount, and knowledge of the agricultural industry. Farm borrowers do not place a priority on customized terms, but they do expect a competitive interest rate and are unwilling to pay a higher interest rate in exchange for other attributes such as faster loan decisions or specialization in agricultural lending. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural Finance. |
| Ano: 2002 |
URL: http://purl.umn.edu/28628 |
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| Unnevehr, Laurian J.; Bard, Sharon K.. |
| A nationwide retail survey is used to estimate hedonic prices of fat characteristics in beef table cuts. Results show that consumers consistently place a negative value on external fat for all table cuts and on seam fat in chuck and round cuts, but do not consistently value intramuscular fat. These consumer preferences are not transmitted to cattle feeders through price signals, even though the current beef grading system can distinguish carcasses with undesirable fat characteristics. |
| Tipo: Journal Article |
Palavras-chave: Consumer/Household Economics. |
| Ano: 1993 |
URL: http://purl.umn.edu/30964 |
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