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Measuring Historical Risk in Quarterly Milk Prices

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  • Pride Ford, Beth
  • Musser, Wesley N.
  • Yonkers, Robert D.

Abstract

Various methods have been used to estimate risk indices with historical data. An industry perception of increasing milk price risk over time provides a standard for evaluating several techniques used to measure historical risk. Risk measures from a regression model and an ARIMA model were consistent with the perception of increasing risk.
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Suggested Citation

  • Pride Ford, Beth & Musser, Wesley N. & Yonkers, Robert D., 1992. "Measuring Historical Risk in Quarterly Milk Prices," WAEA/ WFEA Conference Archive (1929-1995) 321370, Western Agricultural Economics Association.
    • Handle: RePEc:ags:waeaar:321370
    DOI: 10.22004/ag.econ.321370
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    1. Alan Collins & Wesley N. Musser & Robert Mason, 1991. "Prospect Theory and Risk Preferences of Oregon Seed Producers," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(2), pages 429-435.
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    Cited by:

    1. Maynard, Leigh J. & Harper, Jayson K. & Hoffman, Lynn D., 1997. "Impact of Risk Preferences on Crop Rotation Choice," Agricultural and Resource Economics Review, Cambridge University Press, vol. 26(1), pages 106-114, April.
    2. Hranaiova, Jana & Stefanou, Spiro E., 2002. "Scale, productivity growth and risk response under uncertainty," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 2(02), pages 1-19.

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