to evaluate the state of poverty of rice growers in order to appreciate their capacities of risk management in which they …

applications of risk and stochastic programming models focus on the optimisation of production planning, while literature on the … paper is to analyse the effects of different risk management instruments on the certainty equivalent of case study farms in … three different regions. Specifically, the applied Expected Utility Model analyses on-farm risk management instruments and …

decisions of an individual risk averse farmer facing variability in both prices and yields. A set of stylised risk market … between government payments and the farmers’ use of risk market instruments in terms of the potential crowding out of such … of production and the use of risk market instruments that are endogenous. Single farm payment mitigates farmer’s efforts …

supports these assumptions. An empirical application of the arbitrage equations providesevidence that risk aversion and …

moral hazard and adverse selection problems, it provides more gross farm income risk reduction than an area plan. …

availability. Hence stochastic rainfall poses considerable production risk in the region and developing strategies to maximize the … optimal decisions were not sensitive to variations in price of cotton lint and farmer’s attitude towards risk. …