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The Expected Income-Risk Trade-Off Among Corn Belt Crop Farmers

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  • Brink, Lars

Abstract

The risk aversion coefficient in the expected utility function of a sample of Corn Belt corp farmers was estimated. The measure of risk was similar to the mean absolute deviation. In general, the estimate was close to zero and the sensitivity of the farm plan to varying parameters was low.

Suggested Citation

  • Brink, Lars, 1976. "The Expected Income-Risk Trade-Off Among Corn Belt Crop Farmers," 1976 Annual Meeting, August 15-18, State College, Pennsylvania 283947, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea76:283947
    DOI: 10.22004/ag.econ.283947
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    Cited by:

    1. McCarl, Bruce A., 1992. "Mathematical Programming For Resource Policy Appraisal Under Multiple Objectives," Working Papers 11888, Environmental and Natural Resources Policy Training Project.
    2. Brandao, Elizabeth Santos & McCarl, Bruce A. & Schuh, G. Edward, 1984. "Predicting The Impact Of New Cropping Practices Upon Subsistence Farming: A Farm Level Analysis In Brazil," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(2), pages 1-13, December.

    More about this item

    Keywords

    Risk and Uncertainty;

    Statistics

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