Many studies suggest that farmers frequently show risk averse attitudes, and choose the “riskminimizing” and “safety … first” survival strategy rather than pursuing the profit maximization. This article reports on a study of the impact of risk … variability of agricultural crops. This study will simulate the risk in farm decisions using a sumex utility function that allows …

a risk measure called β. What is particularly important about this model is that it is currently applied in the industry …

can use information regarding how producers rate the importance of certain areas of risk and what takes most of the … various areas of risk. The results provide insights to agribusinesses that can help them identify producer segments. …

One of the most frequently used arguments to explain the increased use of contractual arrangements is that risk drives … probability of adopting marketing contracts. Among the characteristics examined are: risk aversion levels, risk perception, age … that affect the choice of contracts. On the other hand, the results do not support the risk shifting hypothesis. …

farmers' overall risk exposure and profitability is unclear. Self-selection and market dynamics have masked the direct effect … effect on risk exposure and, ultimately, profitability. I find that crop insurance increases debt holdings and acres cash … insurance crowds out other risk-management strategies without improving farm profitability. …

This paper analyzes the impact of risk and ambiguity aversion - Knightian uncertainty - on the choice of optimal … quality is decreasing in ambiguity aversion while it is a non-monotonic function of the level of risk. For low levels of risk …, the increase of product quality is an efficient response. Up to certain threshold level of risk, risk and ambiguity …