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Comprehensive Assessment of the Role of Risk in U. S. Agriculture

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ISBN-10: 079237567X

ISBN-13: 9780792375678

Edition: 2002

Authors: Richard E. Just, Rulon D. Pope

List price: $269.00
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Description:

After all the research on agricultural risk to date, the treatment of risk in agricultural research is far from harmonious. Many competing risk models have been proposed. Some new methodologies are largely untested. Some of the leading empirical methodologies in agricultural economic research are poorly suited for problems with aggregate data where risk averse behavior is less likely to be important. This book is intended to (i) define the current state of the literature on agricultural risk research, (ii) provide a critical evaluation of economic risk research on agriculture to date and (iii) set a research agenda that will meet future needs and prospects. This type of research promises to…    
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Book details

List price: $269.00
Copyright year: 2002
Publisher: Springer
Publication date: 11/30/2001
Binding: Hardcover
Pages: 586
Size: 6.50" wide x 9.25" long x 1.25" tall
Weight: 1.694
Language: English

List of Figures
List of Tables
Preface
Behavior Under Risk: General Concepts and their Significance for Agriculture
Expected Utility as a Paradigm for Decision Making in Agriculture
Non-Expected Utility: What Do the Anomalies Mean for Risk in Agriculture?
Ordering Risky Choices
Conceptual Foundations of Expectations and Implications for Estimation of Risk Behavior
Information, Processing Capacity, and Judgment Bias in Risk Assessment
Conceptual Adaptations of Risk Models for Agriculture
Dual Approaches to State-Contingent Supply Response Systems Under Price and Production Uncertainty
Can Indirect Approaches Represent Risk Behavior Adequately?
The Significance of Risk Under Incomplete Markets
Contracts and Risk in Agriculture: Conceptual and Empirical Foundations
Adequacy of General Methodological Approaches for Risk Analysis
Programming Methods for Risk-Efficient Choice
The Econometrics of Risk
Agriculture as a Managed Ecosystem: Implications for Econometric Analysis of Production Risk
Survey and Experimental Techniques As an Approach for Agricultural Risk Analysis
Sources and Consequences of Agricultural Risk: How Farmers Manage Risk
Modeling Price and Yield Risk
Agricultural Technology and Risk
Quality and Grading Risk
Finance and Risk Bearing in Agriculture
Does Liquidity Matter to Agricultural Production?
Precision Farming Technology and Risk Management
Policy Issues Relating to Risk in Agriculture
Crop Insurance As a Tool for Price and Yield Risk Management
Risk Management and the Role of the Federal Government
Risk Created by Policy in Agriculture
Risk Management and the Environment
Conclusions Regarding the Significance of Risk Research for Agriculture
How Much Does Risk Really Matter to Farmers?
Past Progress and Future Opportunities for Agricultural Risk Research
Index