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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. Agricultural Economics and Rural Sociology, 1991. "Quantifying Long Run Agricultural Risks And Evaluating Farmer Responses To Risk," 1991 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk Meeting, March 17-20, 1991, San Antonio, Texas 271545, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
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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, Northeastern Agricultural and Resource Economics Association, vol. 26(01), pages 1-9, 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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