LaFrance, Jeffrey T.; Pope, Rulon D.; Tack, Jesse - 2011
life-cycle model for agricultural producers facing output and output price risk, with investment in an off …-farm, conditionally risk free asset, risky financial assets, savings, consumption, and agricultural production opportunities. This … for agricul-ture. We apply this model to U.S. data for the period 1960-1999. Ongoing work focuses on updating the data set …