Chen, Jing; Rozelle, Scott; Carter, Colin A. - Agricultural and Applied Economics Association - AAEA - 1999
In this paper we find that real grain prices in China have displayed increased volatility in the past decade. This is … true for rice, wheat, corn, and for most of provinces. Farmers in China are found to be risk averse because when they make … acreage allocation decisions. Given the widespread access to land in China, farmers mostly respond negatively in their sown …