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Cow-Calf Producer Risk Preference Impacts on Retained Ownership Strategies AgEcon
Pope, Kelsey Frasier; Schroeder, Ted C.; Langemeier, Michael R.; Herbel, Kevin L..
Considerable efforts have been made to provide cow-calf producers with information to help them make informed decisions about adding value to calves. Despite demonstrated market incentives to retain calves, many producers still sell right after weaning. We postulate this observed behavior is related to producer risk aversion. Our study concludes risk aversion is an important factor affecting calf retention as the most risk-averse producers have more than a 60% probability of selling calves at weaning and the most risk tolerant have less than a 20% probability of selling at weaning.
Tipo: Journal Article Palavras-chave: Cow-calf producers; Ordered probit; Retained ownership; Risk aversion; Farm Management; Marketing; Q13; C25; D18.
Ano: 2011 URL: http://purl.umn.edu/117953
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FARM VALUE OF TOPSOIL IN SPRING WHEAT PRODUCTION AgEcon
Williams, Jeffery R.; Tanaka, Donald L.; Herbel, Kevin L..
Relationships among topsoil removal treatments and additions of nitrogen and phosphorus fertilizer in spring wheat yields are used to determine the effects on net returns and to estimate the marginal value of soil. The results indicate that risk-averse managers are not willing to make an expenditure for controlling erosion from the first 2.5 inches of soil if the erosion rate is 20 tons/acre/year or less and the planning horizon is 20 years or less. These managers would be willing to make an erosion control investment for the second 2.5 inches of soil equivalent to $4.90 to $5.20/acre from the twenty-first to forty-third year in the planning horizon.
Tipo: Journal Article Palavras-chave: Crop Production/Industries; Land Economics/Use.
Ano: 1993 URL: http://purl.umn.edu/30820
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