This paper first identifies an interesting pattern in farm household livestock production in many developing countries: an inverted-U shape relationship between household livestock production and the levels of economic development (or farm household income). Using backyard hog production as a...

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...