Purpose – The purpose of this paper is to measure the profit impacts of adopting input and output risk management tools … score matching is used to control for the endogeneity of adoption decisions, and the profit impacts are estimated based on …‐17 percent. Originality/value – This is the first paper which examines the profit impacts of risk management tools while …

performance (ROE) – namely, net profit margins, asset turnover ratio, and asset‐to‐equity ratio. Design … profit margins, asset turnover ratio, and asset‐to‐equity ratio. The methodology employed in this study corrects … key drivers of net profit margins are operator education, farm size and typology, specialization, and level of government …