Magnitude estimation, a technique developed by psychology for obtaining ratio scaled values, was used to derive risk-income preferences of ninety-one central Indiana farmers. Both variability-income and bankruptcy-income measures were developed and related to farmers' socio-economic attributes....

Impacts of the expansion of crop insurance alternatives, increases in premium subsidies, and the 2002 Farm Bill are included in an evaluation of risk management strategies. Levels and variability of net farm revenue are analyzed by several criteria. Results indicate that effective strategies...

Changes in the risk environment and tools available to manage risk have resulted in an increased need for risk management skills among farmers and ranchers. In response the USDA initiated a risk management education competitive grants program in the spring of 1998. This is the first report from...

An on-farm harvest, drying and storage system simulation model is used to determine how producers' risk attitudes effect combine and dryer capacity. Stochastic dominance determines the risk efficient combine and dryer set for a 2000 acre farm in central Indiana. Capacities decrease as risk...

Beef cattle producers were surveyed in Texas and Nebraska to investigate perceptions of sources of risk, the effectiveness of risk management strategies, and interest in further risk management education, particularly production risk, using probit analysis. Important decision variables...

A survey conducted in Mississippi, Texas, Indiana, and Nebraska elicited producers' preferences for various farm policy changes. This permitted examination of the diversity of preferences that single-state studies have not allowed. Five policy choices, including deficiency payments, loan...