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Risk Perceptions and Management Responses: Producer-Generated Hypotheses For Risk Modeling

Published online by Cambridge University Press:  28 April 2015

George R. Patrick ,
Paul N. Wilson ,
Peter J. Barry ,
William G. Boggess  and
Douglas L. Young
George R. Patrick
Affiliation:
Department of Agricultural Economics, Purdue University
Paul N. Wilson
Affiliation:
Department of Agricultural Economics, University of Arizona
Peter J. Barry
Affiliation:
Department of Agricultural Economics, University of Illinois
William G. Boggess
Affiliation:
Department of Food and Resource Economics, University of Florida
Douglas L. Young
Affiliation:
Department for Agricultural Economics, Washington State University
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Abstract

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.

Keywords

riskvariabilityperceptionsrisk responses
Type
Notes
Information
Journal of Agricultural and Applied Economics , Volume 17 , Issue 2 , December 1985 , pp. 231 - 238
Copyright
Copyright © Southern Agricultural Economics Association 1985

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