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Distribution of Benefits from Participation in the Farmer-Owned Grain Reserve by Farm Size under Risk

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Listed:
  • Morton, Andrew
  • Langley, James
  • Heady, Earl O.

Abstract

A present value certainty equivalence approach is used to assess the potential distributional aspects of participating in the farmer-owned reserve across farm size under risk. Even if the risk discount increases with farm size, other aspects favor participation of large producers enough to outweigh the risk factor.

Suggested Citation

  • Morton, Andrew & Langley, James & Heady, Earl O., 1981. "Distribution of Benefits from Participation in the Farmer-Owned Grain Reserve by Farm Size under Risk," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279242, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea81:279242
    DOI: 10.22004/ag.econ.279242
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    References listed on IDEAS

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    1. Anderson, Jock R. & Dillon, John L. & Hardaker, Brian, 1977. "Agricultural Decision Analysis," Monographs: Applied Economics, AgEcon Search, number 288652, July.
    2. Meyers, William H. & Jolly, Robert W., 1980. "Price Implications of Farmer's Response to the Farmer-Owned Reserve," Staff General Research Papers Archive 11467, Iowa State University, Department of Economics.
    3. Meyers, William H. & Jolly, Robert W., 1980. "Price Implications of Farmers' Response to the Farmer-Owned Reserve Program," 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois 278855, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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    Keywords

    Risk and Uncertainty;

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