Farm-Level Evidence On The Risk Balancing Hypothesis From Illinois Grain Farms
This study provides farm-level empirical support to the Risk-Balancing Hypothesis using Illinois grain farm data. The econometric results indicate that risk-balancing farmers comprise more than half of the sample. These farmers tend to be older, have higher leasing ratios, are less financially efficient and manage risk through crop specialization, enterprise diversification, and marketing strategies in addition to risk balancing.
|Date of creation:||2001|
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- Purdy, Barry M. & Langemeier, Michael R. & Featherstone, Allen M., 1997.
"Financial Performance, Risk, and Specialization,"
Journal of Agricultural and Applied Economics,
Cambridge University Press, vol. 29(01), pages 149-161, July.
- Townsend, John P. & Brorsen, B. Wade, 1997.
"Cost of Forward Contracting Hard Red Winter Wheat,"
1997 Annual Meeting, July 13-16, 1997, Reno\Sparks, Nevada
35749, Western Agricultural Economics Association.
- Townsend, John P. & Brorsen, B. Wade, 2000. "Cost Of Forward Contracting Hard Red Winter Wheat," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(01), April.
- Townsend, John P. & Brorsen, B. Wade, 2000. "Cost of Forward Contracting Hard Red Winter Wheat," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 32(01), pages 89-94, April.
- Barry, Peter J. & Escalante, Cesar L. & Bard, Sharon K., 2000. "Economic Risk And The Structural Characteristics Of Farm Businesses," 2000 Annual meeting, July 30-August 2, Tampa, FL 21778, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Harwood, Joy L. & Heifner, Richard G. & Coble, Keith H. & Perry, Janet E. & Somwaru, Agapi, 1999. "Managing Risk in Farming: Concepts, Research, and Analysis," Agricultural Economics Reports 34081, United States Department of Agriculture, Economic Research Service.
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