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Measuring risk attitude of agricultural producers using a mail survey: how consistent are the methods? AgEcon
Fausti, Scott W.; Gillespie, Jeffrey M..
A mail survey is used to examine the consistency of alternative risk preference elicitation procedures using five commonly used methods. These elicitation procedures have been used in previous studies to characterise risk preference. Results show little consistency across procedures, supporting strength-of-preference studies. A general recommendation for mail surveys is the development of relatively easy-to-understand risk-preference elicitation procedures that are framed according to the situational construct in question.
Tipo: Journal Article Palavras-chave: Mail surveys; Risk preference elicitation; Risk and Uncertainty.
Ano: 2006 URL: http://purl.umn.edu/116927
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Milk Farmers' Risk Attitudes: Influence of the Dairy Processing Company AgEcon
Belhenniche, Geoffroy; Duvaleix-Treguer, Sabine; Cordier, Jean.
European market deregulation is destabilizing the economic environment of French farmers leading to an increase in market risks. In the dairy sector, the 2003 CAP reform has lead to major changes (removal of export subsidies and increase in the European milk quota). The dairy supply chain is now coping with higher production and price risks. The dairy supply chain is thinking of new management tools in order to both maintain stability in dairy farm income and secure supply to industrial facilities. One solution may be to strengthen marketing contracts. In this perspective, the knowledge of dairy farmers' risk attitudes is necessary. The goal of this paper is to provide empirical insight into: dairy farmers‘ perceptions of risk and risk management, and the...
Tipo: Book Palavras-chave: Market Risk; Farmers' risk perceptions; Expected utility framework; Risk preference elicitation; Dairy Sector; Agribusiness; Agricultural and Food Policy; Farm Management; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Risk and Uncertainty.
Ano: 2009 URL: http://purl.umn.edu/58711
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