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Farm managers are currently in an agricultural environment of high risk and major changes in the farm business model (e … amount of present and future risk and enable it to operate well into the future. Given today’s agricultural environment it …
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Changes in U.S. agriculture have yielded a diversity of farm types. These changes have extended beyond the farm business and into the farm household. The objective of this paper is to discuss the policy implications of a new typology of U.S. farm households that is based on household economic...
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Successful farm business managers must understand the determinants of profitability and have an overall long-term or strategic management focus. The objective of this research is to help producers understand the impacts of different production, pricing, cost control and investment decisions on...
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payments, and market loss assistance payments substantially increase the value that risk averse producers place on the residual … returns to land. Crop revenue coverage (CRC) insurance was found to have a positive certainty equivalent value for most risk … averse producers. However, the risk-reducing effects of current farm program payments substantially reduced the certainty …
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