Farm performance measures based upon 10 years of individual farm data are linearly regressed on risk preferences of 41 dairy farmers. Greater aversion to risk produces a lower average but more stable income, although the importance of risk preferences in determining long-run performance appears...

New York milk supply functions with ans without Bovine Growth Hormone were estimated by a sector linear programming model. High Government price supports make bGH profitable and induces significant increases in output. Reduction or elimination of Price supports greatly diminishes bGH as a...