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The impact of risk on the discount rate for different citrus varieties

Author

Listed:
  • Charles B. Moss

    (Food and Resource Economics at the University of Florida)

  • Richard N. Weldon

    (Food and Resource Economics at the University of Florida)

  • Ronald P. Muraro

    (Food and Resource Economics at the University of Florida stationed in Lake Alfred, Florida)

Abstract

The risk associated with citrus production has been especially evident in the past decade. During the 1980s, Florida citrus producers have seen major freezes and dramatic price variation. Because one way to account for risk in the investment decision is to adjust the discount rate, this study presents a systematic method for adjusting the discount rate. Further, this methodology is particularly adept for accounting for risk differences between varieties of citrus.

Suggested Citation

  • Charles B. Moss & Richard N. Weldon & Ronald P. Muraro, 1991. "The impact of risk on the discount rate for different citrus varieties," Agribusiness, John Wiley & Sons, Ltd., vol. 7(4), pages 327-338.
    • Handle: RePEc:wly:agribz:v:7:y:1991:i:4:p:327-338
    DOI: 10.1002/1520-6297(199107)7:4<327::AID-AGR2720070403>3.0.CO;2-Q
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    References listed on IDEAS

    as
    1. William F. Sharpe, 1964. "Capital Asset Prices: A Theory Of Market Equilibrium Under Conditions Of Risk," Journal of Finance, American Finance Association, vol. 19(3), pages 425-442, September.
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    Cited by:

    1. Loren Tauer, 2002. "Estimating risk‐adjusted interest rates for dairy farms," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 62(1), pages 59-68, May.
    2. Moss, Charles B. & Olexa, Michael T., 1992. "Environmental Considerations for Agricultural Intermediation: Potential Impacts of Cercla and Sara," Staff Paper Series 239297, University of Florida, Food and Resource Economics Department.

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