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Assisting whole-farm decision-making through stochastic budgeting

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  • Lien, Gudbrand
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    File URL: http://www.sciencedirect.com/science/article/B6T3W-47W5MDD-4/2/77da997dd4ff5f1bf5f47627701b3dec
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    Bibliographic Info

    Article provided by Elsevier in its journal Agricultural Systems.

    Volume (Year): 76 (2003)
    Issue (Month): 2 (May)
    Pages: 399-413

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    Handle: RePEc:eee:agisys:v:76:y:2003:i:2:p:399-413

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    Web page: http://www.elsevier.com/locate/agsy

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    1. Knutson, Ronald D. & Smith, Edward G. & Anderson, David P. & Richardson, James W., 1998. "Southern Farmers' Exposure To Income Risk Under The 1996 Farm Bill," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 30(01), July.
    2. Knutson, Ronald D. & Romain, Robert F.J. & Anderson, David P. & Richardson, James W., 1997. "Farm Level Consequences Of Canadian And U.S. Dairy Policies," Working Papers 24029, Texas A&M University, Agricultural and Food Policy Center.
    3. Meyer, Jack, 1977. "Choice among distributions," Journal of Economic Theory, Elsevier, vol. 14(2), pages 326-336, April.
    4. Knutson, Ronald D. & Smith, Edward G. & Anderson, David P., 1998. "Southern Farmers Exposure To Income Risk Under The 1996 Farm Bill," Working Papers 24025, Texas A&M University, Agricultural and Food Policy Center.
    5. Nyangito, Hezron O. & Richardson, James W. & Mundy, Darrell S. & Mukhebi, Adrian W. & Zimmel, Peter & Namken, Jerry, 1996. "Economic impacts of East Coast Fever immunization on smallholder farms, Kenya: a simulation analysis," Agricultural Economics, Blackwell, vol. 13(3), pages 163-177, February.
    6. Robert Romain, 1997. "Farm-Level Consequences of Canadian and U.S. Dairy Policies," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(5), pages 1563-1572.
    7. Goh, Siew & Shih, Chao-Chyuan & Cochran, Mark J. & Raskin, Rob, 1989. "A Generalized Stochastic Dominance Program For The Ibm Pc," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(02), December.
    8. Hadar, Josef & Russell, William R, 1969. "Rules for Ordering Uncertain Prospects," American Economic Review, American Economic Association, vol. 59(1), pages 25-34, March.
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    Cited by:
    1. Lien, Gudbrand & Brian Hardaker, J. & Flaten, Ola, 2007. "Risk and economic sustainability of crop farming systems," Agricultural Systems, Elsevier, vol. 94(2), pages 541-552, May.
    2. Fiona Thorne & Thia Hennessy, 2005. "The Role of Risk in the Decision to Produce Post-Decoupling A Stochastic Budgeting Example," Working Papers 0503, Rural Economy and Development Programme,Teagasc.
    3. Hutchings, Timothy R. & Nordblom, Thomas L., 2011. "A financial analysis of the effect of the mix of crop and sheep enterprises on the risk profile of dryland farms in south-eastern Australia," AFBM Journal, Australasian Farm Business Management Network, vol. 8(1).
    4. Grove, Bennie & Taljaard, Pieter R. & Cloete, Philip C., 2007. "A Stochastic Budgeting Analysis of Three Alternative Scenarios to Convert from Beef-Cattle Farming to Game Ranching," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 46(4), December.
    5. Thorne, Fiona S. & Hennessy, Thia C., 2006. "The Role of Risk in the Decision to Produce Post-Decoupling - A Stochastic Budgeting Example," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25415, International Association of Agricultural Economists.
    6. Bharat M. Upadhyay & Douglas L. Young, 2004. "An Operational Approach For Evaluating Investment Risk: An Application To The No-Till Transition," Others 0412002, EconWPA.
    7. Hutchings, Timothy R., 2009. "A financial analysis of the effect of the mix of crop and sheep enterprises on the risk profile of dryland farms in south-eastern Australia – Part 1," AFBM Journal, Australasian Farm Business Management Network, vol. 6(1).

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