The aim of this study was to compare production and policy risk of organic, integrated and conventional cropping …. Empirical distributions of total farm income for different cropping systems were estimated with a simulation model that uses a … (SERF) was used to rank the cropping systems for farmers with various risk aversion levels. The results show that the …

, limited domestic demand, and imperfect substitution. Sector models including risk are relatively few in recent literature of … agricultural economics. In our first analysis we use mean-variance approach in including crop yield risk and risk aversion …. Farm income is relatively little affected by higher crop yields, on the average, while income may increase significantly on …

In this paper we develop a new methodological proposal to incorporate risk into a farm level Positive Mathematical … the resource shadow prices, the farm non-linear cost function and a farm-specific coefficient of absolute risk aversion … the model and show values for risk aversion coefficients consistent with the literature. Finally we simulate different …

traits comes from experimental economics (risk aversion and time preference) and from psychology (sensation seeking and …

of current production practice. Income risk modelling is based on portfolio theory resting on expected value, variance (E …The paper presents multiple criteria approach to deal with risk in farmer’s decisions. Decision making process is … mutually linked up. Beside the common maximisation of expected income through linear programming it enables also reconstruction …

risk may be enhanced by the sensitivity of those crops to weather variability. However risk exposure is supposed to be … depend on farmers' behaviour regarding risks, which are namely production and price risks, we test constant absolute risk … aversion, constant relative risk aversion and risk neutrality assumptions. We develop an econometric model encompassing an auto …

’ risk preferences. Given this analysis, the connection between risk aversion and other socioeconomic variables (such as …

This paper evaluates the consequences of considering environmental and economic risk in the analysis of cost … environmental risk associated with nitrogen leaching variability, since a change to crops with lower average load also results in … lower variability of nitrogen emissions. A farmer's degree of risk aversion has some effect on the economically optimal …