Lehtonen, Heikki; Kujala, Sanna - European Association of Agricultural Economists - EAAE - 2007
, 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 …