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Risk Management Education: An Examination of Crop Producers' Participation in Recent Programs and of Their Desire for Additional Training

Published online by Cambridge University Press:  28 April 2015

Thomas O. Knight ,
Keith H. Coble ,
George F. Patrick  and
Alan E. Baquet
Thomas O. Knight
Affiliation:
Department of Agricultural and Applied Economics, Texas Tech University, Lubbock, TX
Keith H. Coble
Affiliation:
Department of Agricultural Economics, Mississippi State University, Mississippi State, MS
George F. Patrick
Affiliation:
Department of Agricultural Economics, Purdue University, West Lafayette, IN
Alan E. Baquet
Affiliation:
Institute of Agriculture and Natural Resources, University of Nebraska, Lincoln, NE
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Abstract

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 identifying and tailoring to specific target audiences.

Keywords

commodity futurescommodity optionscrop insuranceforward contractingrisk managementD81D83Q16
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 35 , Issue 3 , December 2003 , pp. 571 - 587
Copyright
Copyright © Southern Agricultural Economics Association 2003

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