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Registros recuperados: 26
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EFFECTS OF FARMERS' RISK ATTITUDES AND PERSONALITY TYPES ON PRODUCTION AND MARKETING DECISIONS AgEcon
Xu, Pei; Alexander, Corinne E.; Patrick, George F.; Musser, Wesley N..
Producers' risk perceptions, as well as their empirical measurement, have been an on-going concern for agricultural economists. Identification and categorization of producers' risk attitudes is important in both research and extension contexts. This study explores some alternative measures of farmers' attitudes and their relationships with observed producer behavior. The effect of farmers' personality types, as derived from the Myers-Briggs personality type indicator test, on marketing behavior is also explored. There were positive and statistically significant correlations of producers' risk attitudes in various areas of the farm business. However, there are also some differences in producers' willingness to risk, especially in the finance area....
Tipo: Working or Discussion Paper Palavras-chave: Farm Management; Risk and Uncertainty.
Ano: 2005 URL: http://purl.umn.edu/28677
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CROP PRODUCER RISK MANAGEMENT SURVEY: A PRELIMINARY SUMMARY OF SELECTED DATA; A REPORT FROM THE UNDERSTANDING FARMER RISK MANAGEMENT DECISION MAKING AND EDUCATIONAL NEEDS RESEARCH PROJECT AgEcon
Coble, Keith H.; Knight, Thomas O.; Patrick, George F.; Baquet, Alan E..
Changes in the risk environment and tools available to manage risk have resulted in an increased need for risk management skills among farmers and ranchers. In response the USDA initiated a risk management education competitive grants program in the spring of 1998. This is the first report from one of the grant-funded projects. The project's primary objective is to provide supporting research that will contribute to the design and implementation of effective risk management education programs, policies and tools. This report provides selected summary statistics, without analysis, from a survey of crop producers conducted as part of the first phase of the project. Over 1,800 usable producer responses from Mississippi, Texas, Indiana, and Nebraska are...
Tipo: Working or Discussion Paper Palavras-chave: Risk Insurance Marketing Policy; Risk and Uncertainty.
Ano: 1999 URL: http://purl.umn.edu/15805
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Farm Income Variability and the Supply of Off-Farm Labor by Limited-Resource Farmers AgEcon
Vergara, Oscar; Coble, Keith H.; Patrick, George F.; Knight, Thomas O.; Baquet, Alan E..
We study the relationship between the off-farm labor decision and the limited-resource farmers’ and spouses’ off-farm experience, education, and sources of income. We found that farmers’ and spouses’ off-farm experience and wages are significant factors in explaining the off-farm labor supply decision. Contrary to expectations, farm income variability is not significant in the farmers’ and spouses’ decision to see off-farm work. The off-farm labor supply of farmers and their spouses is negatively correlated with income transfers from the government. It was also found that the spouse is a residual supplier of on-farm and off-farm labor.
Tipo: Journal Article Palavras-chave: Farm income variability; Limited-resource farmer; Off-farm work; Tobit regression; C34; D19; D81; J15; Q18.
Ano: 2004 URL: http://purl.umn.edu/43394
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RISK PERCEPTIONS AND MANAGEMENT RESPONSES: PRODUCER-GENERATED HYPOTHESES FOR RISK MODELING AgEcon
Patrick, George F.; Wilson, Paul N.; Barry, Peter J.; Boggess, William G.; Young, Douglas L..
Farm level risk analyses have used price and yield variability almost exclusively to represent risk. Results from a survey of 149 agricultural producers in 12 states indicate that producers consider a broader range of sources of variability in their operations. Significant differences exist among categories with respect to the importance of the sources of variability in crop and livestock production. Producers also used a variety of management responses to variability. There were significant difference among categories in the importance given to particular responses and their use of them. These results have implications for research, extension, and policy programs.
Tipo: Journal Article Palavras-chave: Risk and Uncertainty.
Ano: 1985 URL: http://purl.umn.edu/29989
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MEASUREMENT AND MODELING OF FARMERS' GOALS: AN EVALUATION AND SUGGESTIONS AgEcon
Patrick, George F.; Blake, Brian F..
Tipo: Journal Article Palavras-chave: Farm Management.
Ano: 1980 URL: http://purl.umn.edu/29387
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MAGNITUDE ESTIMATION: AN APPLICATION TO FARMERS' RISK-INCOME PREFERENCES AgEcon
Patrick, George F.; Blake, Brian F.; Whittaker, Suzanne H..
Magnitude estimation, a technique developed by psychology for obtaining ratio scaled values, was used to derive risk-income preferences of ninety-one central Indiana farmers. Both variability-income and bankruptcy-income measures were developed and related to farmers' socio-economic attributes. Wealth and education had limited effects compared with off-farm employment, percent debt and expected levels of income, percent debt and net worth growth. Magnitude estimation provided reliable estimates of preferences. Farmers gave greater importance to the bankruptcy-income measure of risk-income preferences, but only a small portion of the variation of either measure could be explained.
Tipo: Journal Article Palavras-chave: Farm Management; Risk and Uncertainty.
Ano: 1981 URL: http://purl.umn.edu/32583
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Risk Management Education: An Examination of Crop Producers' Participation in Recent Programs and of Their Desire for Additional Training AgEcon
Knight, Thomas O.; Coble, Keith H.; Patrick, George F.; Baquet, Alan E..
Risk management education has been a focus of U.S. farm policy since 1996. In support of significant ongoing United States Department of Agriculture (USDA) educational efforts, this study examines agricultural producers’ educational needs and interests. Data obtained through a survey of crop producers are used in probit models examining interest in additional training in five areas including forward contracting, futures and options, crop yield insurance, crop revenue insurance, and financial management. The study results should be useful in determining appropriate risk management education program content and in indentifying and tailoring to specific target audiences.
Tipo: Journal Article Palavras-chave: Commodity futures; Commodity options; Crop insurance; Forward contracting; Risk management; D81; D83; Q16.
Ano: 2003 URL: http://purl.umn.edu/43164
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Target Markets for Grain and Cotton Marketing Consultants and Market Information Systems AgEcon
Vergara, Oscar; Coble, Keith H.; Hudson, Darren; Knight, Thomas O.; Patrick, George F.; Baquet, Alan E..
This paper examines the use of market consultants and market information systems by grain and cotton producers. A model of producer demand for marketing information and consultants is proposed that decomposes price received into exogenous and endogenous components. The analysis is based on a survey of over 1,600 producers. The results suggest that expenditures on market information systems and market consultants are not independent and, more specifically, expenditures on marketing consultants substitute for expenditures on market information systems.
Tipo: Journal Article Palavras-chave: Expected utility; Market information; Marketing; Risk; Tobit; Marketing.
Ano: 2005 URL: http://purl.umn.edu/30780
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DO PRODUCER RISK ATTITUDES EFFECT THE SIZING OF ON-FARM HARVEST, DRYING, AND STORAGE SYSTEMS? AgEcon
Davis, Todd D.; Patrick, George F..
An on-farm harvest, drying and storage system simulation model is used to determine how producers' risk attitudes effect combine and dryer capacity. Stochastic dominance determines the risk efficient combine and dryer set for a 2000 acre farm in central Indiana. Capacities decrease as risk aversion increases.
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods; Risk and Uncertainty.
Ano: 1999 URL: http://purl.umn.edu/21640
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AGRICULTURAL CHOICE DILEMMAS QUESTIONNAIRE AgEcon
Patrick, George F.; Musser, Wesley N..
Tipo: Working or Discussion Paper Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2001 URL: http://purl.umn.edu/28635
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Large-Scale Producers' Perceptions of, and Managerial Responses to, Increased Volatility AgEcon
Alexander, Corinne E.; Patrick, George F..
Surveys were conducted with participants in the 2008 and 2009 Top Farmer Crop Workshops at Purdue University. These large-scale commercial farmers were asked about changes in the availability of forward pricing contracts and its impact on their marketing program. These producers were also asked about their perceptions of input costs and their management responses to higher input costs, including flexible cash rents. Although these large-scale producers have used a more active management style in response to increased volatility, there is a need for additional education and assistance in both marketing and input acquisition.
Tipo: Journal Article Palavras-chave: Agribusiness; Farm Management; Marketing.
Ano: 2010 URL: http://purl.umn.edu/96379
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Hog Producers' Risk Management Attitudes and Desire for Additional Risk Management Education AgEcon
Patrick, George F.; Peiter, Amy J.; Knight, Thomas O.; Coble, Keith H.; Baquet, Alan E..
Hog producers in Indiana and Nebraska were surveyed about sources of risk, effectiveness of risk management strategies, and prior participation in and desire for additional risk management education. Ownership of hogs by the producer, size of the operation, and age did have significant effects on ratings of both sources of risk and effectiveness of risk management strategies. Probit analysis found age, prior attendance, knowledge and prior use of the tool, level of integration, and concern about price and performance risk have significant effects on interest in further education about production contracts, futures and options, packer marketing contracts, and financial management.
Tipo: Journal Article Palavras-chave: Financial management; Futures and options; Packer marketing contracts; Production contracts; Risk attitudes; Risk management; D81; D83; Q12; Q16.
Ano: 2007 URL: http://purl.umn.edu/37110
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Crop Revenue and Yield Insurance Demand: A Subjective Probability Approach AgEcon
Shaik, Saleem; Coble, Keith H.; Knight, Thomas O.; Baquet, Alan E.; Patrick, George F..
A multinomial logit is utilized to model the choice of whether to purchase yield or revenue insurance using subjectively elicited survey data. Our results indicate that the demand for crop insurance is inelastic (-0.40), consistent with most earlier yield elasticity estimates, but the elasticity for choices between yield and revenue insurance is found to be relatively more elastic (-0.88).
Tipo: Journal Article Palavras-chave: Crop insurance; Elasticities; Multinomial logit model; Revenue demand; Subjective elicitation; Survey; Agribusiness; Crop Production/Industries; Demand and Price Analysis; Q18.
Ano: 2008 URL: http://purl.umn.edu/47256
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HOG RISK MANAGEMENT SURVEY: SUMMARY AND PRELIMINARY ANALYSIS AgEcon
Patrick, George F.; Baquet, Alan E.; Coble, Keith H.; Knight, Thomas O..
This paper summarizes the results of a survey of a stratified, random sample of 630 hog operations in Indiana and Nebraska. The survey was conducted in March and April, 2000 with support of a research grant to contribute to the development of a knowledge base to guide the design and implementation of effective risk management programs, policies and tools. This staff paper provides selected summary statistics with limited analysis of size of operation and state effects. Information is presented on sources and responses to risk as well as producers' views on selected agricultural policy, risk management and marketing issues. Use and perceptions of effectiveness of risk-reducing production practices are analyzed. Producers' use of production and marketing...
Tipo: Working or Discussion Paper Palavras-chave: Risk Management; Hogs; Agricultural Policy; Marketing Contracts; Hog Marketing; Livestock Production/Industries; Risk and Uncertainty.
Ano: 2000 URL: http://purl.umn.edu/28638
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FORWARD MARKETING BEHAVIOR OF SOYBEAN PRODUCERS AgEcon
Davis, Todd D.; Patrick, George F..
Indiana, Mississippi, and Nebraska producers’' forward pricing behavior was analyzed with Tobit models. Percent debt, percent soybean acres, risk aversion, market consultants, comfort level with futures and options, lenders' opinions, written marketing plans, crop insurance, and geographic location were significant in explaining the percentage of expected soybean production forward priced.
Tipo: Conference Paper or Presentation Palavras-chave: Demand and Price Analysis; Marketing.
Ano: 2000 URL: http://purl.umn.edu/21822
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Preference for Risk Management Information Sources: Implications for Extension and Outreach Programming AgEcon
Rejesus, Roderick M.; Knight, Thomas O.; Jaramillo, Mauricio; Coble, Keith H.; Patrick, George F.; Baquet, Alan E..
This article examines farmers’ preferences for various risk management information sources. Our results suggest that information from risk management experts, in-depth materials studied on their own, and popular press outlets tend to be preferred and are ranked highly by producers. Using a regression model to investigate farmer/farm attributes that affect preference for a particular risk management information source, we find that younger farmers with college education, higher leverage, assets greater than $1 million, risk-loving attitudes, and who have used professional services (marketing consultants) tend to prefer information from risk management experts, the Internet, and marketing clubs/other producers. On the other hand, producers who prefer...
Tipo: Journal Article Palavras-chave: Crop insurance; Extension; Information sources; Outreach; Risk management; Risk and Uncertainty.
Ano: 2008 URL: http://purl.umn.edu/44742
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Average Crop Revenue Election (ACRE) Program or Traditional Government Payment Programs: What Factors Matter? AgEcon
Chen, Yunguang; Wang, H. Holly; Patrick, George F..
Rankings of different risk management portfolios including Average Crop Revenue Election (ACRE), traditional government payment programs, crop insurance and hedging in futures; and optimal choices of insurance coverage levels and hedge ratios are evaluated for a representative central Indiana corn farm, using Monte Carlo simulation and optimization of expected utilities. The changes of preference between ACRE and traditional government programs under comprehensive scenarios of price and yield risks are studied. Also, Interactions between ACRE and other risk management instruments are examined, and government costs and risk management efficiencies between ACRE and traditional government programs are compared. The results show a strong preference of ACRE for...
Tipo: Conference Paper or Presentation Palavras-chave: ACRE; Farm Bill; Crop insurance; Willingness to pay; Government expenditure; Government programs; Agricultural and Food Policy; Agricultural Finance; Risk and Uncertainty.
Ano: 2010 URL: http://purl.umn.edu/61490
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UNDERSTANDING THE ECONOMIC FACTORS INFLUENCING FARM POLICY PREFERENCES AgEcon
Coble, Keith H.; Knight, Thomas O.; Patrick, George F.; Baquet, Alan E..
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural and Food Policy.
Ano: 2000 URL: http://purl.umn.edu/19578
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THE ECONOMIC FACTORS INFLUENCING PRODUCERS' DEMAND FOR FARM MANAGERS AgEcon
Vergara, Oscar; Coble, Keith H.; Knight, Thomas O.; Patrick, George F.; Baquet, Alan E..
Results from a Tobit model showed a complementary relationship between marketing inputs and the decision to hire farm managers. According to the results, as farmers increase expenditure on marketing consultants and information systems, their expenditure on farm managers increase as well.
Tipo: Conference Paper or Presentation Palavras-chave: Farm Management.
Ano: 2003 URL: http://purl.umn.edu/35227
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THE EFFECTS OF RISK MANAGEMENT STRATEGIES WITH DIVERSIFIED HOG/CROP PRODUCTION AgEcon
Nydene, Cory; Patrick, George F.; Baker, Timothy G..
Risk management strategies were compared using a corn/soybean farm, a hog farm, and a diversified hog/crop farm. Results suggest risk management tools are more effective in combinations, hog/crop diversification shows limited risk reducing benefits, and the effects of choosing among risk management tools may be overemphasized.
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness; Risk and Uncertainty.
Ano: 1999 URL: http://purl.umn.edu/21694
Registros recuperados: 26
Primeira ... 12 ... Última
 

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