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Evaluation of Risk Management Methods for Satsuma Mandarin

Author

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  • Lindsey, Jeanne K.
  • Duffy, Patricia A.
  • Nelson, Robert G.
  • Ebel, Robert C.
  • Dozier, William A.

Abstract

Simulation of production budgets were used to compare net discounted returns and the distribution of returns under alternative risk-mitigation scenarios. Results indicate that the combination of freeze protection and crop insurance increases expected net discounted 20-year returns while decreasing the downside risk. Break-even prices ranged from $.257 to $.289 per pound. Crop insurance returns were constant across price.

Suggested Citation

  • Lindsey, Jeanne K. & Duffy, Patricia A. & Nelson, Robert G. & Ebel, Robert C. & Dozier, William A., 2009. "Evaluation of Risk Management Methods for Satsuma Mandarin," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46754, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeana:46754
    DOI: 10.22004/ag.econ.46754
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    References listed on IDEAS

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    1. Richardson, James W. & Mapp, Harry P., Jr., 1976. "Use Of Probabilistic Cash Flows In Analyzing Investments Under Conditions Of Risk And Uncertainty," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 8(2), pages 1-6, December.
    2. Featherstone, Allen M. & Moss, Charles B., 1990. "Quantifying Gains To Risk Diversification Using Certainty Equivalence In A Mean-Variance Model: An Application To Florida Citrus," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 22(2), pages 191-197, December.
    3. Elmer, Nicole A. & Thurow, Amy Purvis & Johnson, Jason L. & Rosson, C. Parr, III, 2001. "An Ex Ante Assessment Of Investments In Texas Grapefruit Under Uncertainty," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 33(3), pages 1-11, December.
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    Cited by:

    1. Ho, Shuay-Tsyr & Ifft, Jennifer E. & Rickard, Bradley J. & Turvey, Calum G., 2018. "Alternative Strategies to Manage Weather Risk in Perennial Fruit Crop Production," Agricultural and Resource Economics Review, Cambridge University Press, vol. 47(3), pages 452-476, December.

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    Keywords

    Crop Production/Industries; Farm Management; Risk and Uncertainty;
    All these keywords.

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