Farm level risk analyses have used price and yield variability almost exclusively to represent risk. Results from a survey of 149 agricultural producers in 12 states indicate that producers consider a broader range of sources of variability in their operations. Significant differences exist...

The effects of several production/management, price and risk factors upon channel catfish profitability are analyzed with a multiperiod mixed-integer linear programming model. Factors analyzed include pond size and optimal stocking rates, alternate levels and trends in catfish prices, pond...

The purpose of this study was to determine the economic risk efficiency of implementing a boll weevil (Anthonomus grandis [Boheman]) eradication (BWE) program in cotton (Gossypium hirsutum L.) producing regions of the Mississippi Delta. Alternative producer pest management practices and program...

A model with omitted resource constraints is suggested as an alternative to a risk aversion model for explaining economic behavior. This paper uses two standard mathematical programming models to further explore this issue. One model is a standard profit maximization linear programming model and...

A risk programming model was developed to evaluate the tradeoffs between risk and expected returns in beef-forage production systems. The specification represents nutrient and intake considerations when allocating forage among cattle enterprises; it also incorporates the various sources of risk...

Risk analysis continues to emphasize price and yield variability as the principal components of the decision-maker's risk environment. This research demonstrates the relative importance of financial risk for a representative cotton farm in Arizona. For highly leveraged operations, financial risk...

A mixed integer linear programming model was developed to simulate the decision environment faced by an entry-level vegetable producer contemplating production for the wholesale market. The model includes activities which permitted consideration of 13 vegetable crops system. Rotations were...

The interval measurement approach was used to obtain risk preference measures for 23 Michigan farmers in 1979 and again in 1981. This paper analyzes how risk preferences of the individuals in this group of decision-makers changed over a two year time period. Risk preferences were most stable...