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Effect Of Debt Position On The Choice Of Marketing Strategies For Florida Orange Growers: A Risk Efficiency Approach

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  • Moss, Charles B.
  • Ford, Stephen A.
  • Castejon, Mario

Abstract

This study examined the relationship between debt position and choice of marketing instrument. Specifically, this study employed first and second degree stochastic dominance, and stochastic dominance with respect to a function to determine whether the efficient marketing instrument changes between debt positions. The results indicate that the choice of marketing instrument does vary with debt position in some marketing periods if the decision-maker is moderately risk averse.

Suggested Citation

  • Moss, Charles B. & Ford, Stephen A. & Castejon, Mario, 1991. "Effect Of Debt Position On The Choice Of Marketing Strategies For Florida Orange Growers: A Risk Efficiency Approach," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 23(2), pages 1-9, December.
    • Handle: RePEc:ags:sojoae:30046
    DOI: 10.22004/ag.econ.30046
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    1. Michael S. Kaylen & Paul V. Preckel & Edna T. Loehman, 1987. "Risk Modeling via Direct Utility Maximization Using Numerical Quadrature," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(3), pages 701-706.
    2. repec:ags:agsaem:288652 is not listed on IDEAS
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    Cited by:

    1. Brent A. Gloy & Timothy G. Baker, 2002. "The Importance of Financial Leverage and Risk Aversion in Risk-Management Strategy Selection," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(4), pages 1130-1143.
    2. Ford, Stephen A. & Ford, Beth Pride & Spreen, Thomas H., 1995. "Evaluation of Alternative Risk Specifications in Farm Programming Models," Agricultural and Resource Economics Review, Cambridge University Press, vol. 24(1), pages 25-35, April.

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