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Acreage Decisions When Risk Preferences Vary

Author

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  • Arnade, Carlos Anthony
  • Cooper, Joseph C.

Abstract

This poster summarizes work on developing a direct and indirect risk preference function to represent producers who make acreage decisions. Risk is depicted as a constraint which producers face when making acreage decisions. A dual to the acreage decision problem is set up and used to obtain a indirect risk function. Derivative properties of the function are used to specify acreage equations. Sample acreage equations are estimated, using county level data for corn, wheat, and soybeans producers.

Suggested Citation

  • Arnade, Carlos Anthony & Cooper, Joseph C., 2010. "Acreage Decisions When Risk Preferences Vary," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61005, Agricultural and Applied Economics Association.
  • Handle: RePEc:ags:aaea10:61005
    DOI: 10.22004/ag.econ.61005
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    File URL: https://ageconsearch.umn.edu/record/61005/files/aaeacacop.pdf
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    Cited by:

    1. Arnade, Carlos Anthony & Cooper, Joseph, 2013. "Price Expectations and Supply Response," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150490, Agricultural and Applied Economics Association.

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