We investigate the objectives of agricultural bank managers and their impacts on bank efficiency. If managers are non-neutral toward risk, then banks may appear inefficient when they are not. We find non-neutrality toward risk and efficiency gains due to firm size, loan shares, asset shares, and...

The ex ante marginal values of management strategies for farm producers facing significant exposures to accident risks is assessed. A probit model describing the factors influencing the probability of a farm accident is estimated jointly with an ordered probit model for the severity of the accident.