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Financial and Risk Management Assistance: Decision Support for Agriculture

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  • Klose, Steven L.
  • Outlaw, Joe L.

Abstract

The Financial and Risk Management (FARM) Assistance program created by Texas Cooperative Extension is a strategic analysis service offered to farmers and ranchers in Texas. The program serves as an example of large-scale, focused programming by extension agencies, as well as the implementation of technical stochastic simulation methods for use on the farm.

Suggested Citation

  • Klose, Steven L. & Outlaw, Joe L., 2005. "Financial and Risk Management Assistance: Decision Support for Agriculture," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 37(2), pages 415-423, August.
    • Handle: RePEc:cup:jagaec:v:37:y:2005:i:02:p:415-423_00
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    References listed on IDEAS

    as
    1. Richardson, James W. & Klose, Steven L. & Gray, Allan W., 2000. "An Applied Procedure For Estimating And Simulating Multivariate Empirical (Mve) Probability Distributions In Farm-Level Risk Assessment And Policy Analysis," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(2), pages 1-17, August.
    2. repec:ags:joaaec:v:32:y:2000:i:2:p:299-315 is not listed on IDEAS
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    Citations

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    Cited by:

    1. Gueck, Nicole & Klose, Steven L. & Jones, DeDe & Yates, Jay, 2010. "Examining Share Lease Arrangements for Grain Operations in the Texas Panhandle Under Changing Market Conditions," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2010, pages 1-15.
    2. Jones, DeDe & Mayfield, Gid, 2012. "Analyzing the Feasibility of Prairie Dog Hunting in the Northern Texas Panhandle," 2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama 119764, Southern Agricultural Economics Association.
    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), pages 1-23, October.
    4. Young, Mac & Kaase, Greg H. & Klose, Steven L. & Paschal, Joe C. & Hanselka, Wayne, 2007. "Long Term Financial Impacts of Drought Management Strategies," 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama 34903, Southern Agricultural Economics Association.
    5. Fumasi, Roland J. & Klose, Steven L. & Kaase, Greg H. & Richardson, James W. & Outlaw, Joe L., 2008. "Viability of cellulosic feedstock production from producer to biorefinery," Integration of Agricultural and Energy Systems Conference, February 12-13, 2008, Atlanta, Georgia 48716, Farm Foundation.
    6. Jones, DeDe & Gueck, Nicole & Warminski, Patrick L., 2009. "An Analysis of the EQIP program for Lesser Prairie Chickens in the Northern Texas Panhandle," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46544, Southern Agricultural Economics Association.

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    More about this item

    JEL classification:

    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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