Gustafson, Cole R. - Department of Agribusiness and Applied Economics, North … - 2004
Value-at-risk (VaR) is increasingly being applied to problems in agriculture, especially valuation of crop insurance … and agricultural lending risk exposure. VaR conveys the probability that losses exceeding a threshold will likely occur … risk exposure for budget analysis, this latter amount is of keen interest. Expected tail loss (ETL) methods are developed …