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Strategic Investments in Agriculture: How Do We Measure Risk?

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  • Wilson, Paul N.
  • Anderson, David P.

Abstract

Decisions concerning strategic investments create risks associated with time and switching costs. In the case of cotton growers in Arizona, the decision to adopt laser leveled fields was positively related to f ann size, and negatively related to age and soil intake rates. The diffusion of this strategic investment was more sensitive to changes in government policy than to variability in output and input prices.

Suggested Citation

  • Wilson, Paul N. & Anderson, David P., 1990. "Strategic Investments in Agriculture: How Do We Measure Risk?," 1990 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk Meeting, January 28-31, 1990, Sanibel Island, Florida 271542, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
    • Handle: RePEc:ags:rrsr90:271542
    DOI: 10.22004/ag.econ.271542
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    References listed on IDEAS

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