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Measuring Historical Risk in Quarterly Milk Prices

Published online by Cambridge University Press:  15 September 2016

Beth Pride Ford ,
Wesley N. Musser  and
Robert D. Yonkers
Beth Pride Ford
Affiliation:
Department of Agricultural Economics and Rural Sociology, The Pennsylvania state University. Address: Armsby Building, University Park, Pennsylvania, 16802
Wesley N. Musser
Affiliation:
Department of Agricultural Economics and Rural Sociology, The Pennsylvania state University. Address: Armsby Building, University Park, Pennsylvania, 16802
Robert D. Yonkers
Affiliation:
Department of Agricultural Economics and Rural Sociology, The Pennsylvania state University. Address: Armsby Building, University Park, Pennsylvania, 16802
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Abstract

Various methods have been used to estimate risk indices with historical data. An industry perception of increasing milk price risk over time provides a standard for evaluating several techniques used to measure historical risk. Risk measures from a regression model and an ARIMA model were consistent with the perception of increasing risk.

Type
Articles
Information
Agricultural and Resource Economics Review , Volume 22 , Issue 1 , April 1993 , pp. 20 - 26
Copyright
Copyright © 1993 Northeastern Agricultural and Resource Economics Association 

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