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Whole Farm Risk-Rating Microcomputer Model

Author

Listed:
  • Anderson, Kim B.
  • Ikerd, John E.

Abstract

The Risk-Rating Model is designed to give extension specialists, teachers, and producers a method to analyze production, marketing, and financial risks. These risks may be analyzed either individually or simultaneously. The risk associated with each enterprise, for all combinations of enterprises, and for any combination of marketing strategies is estimated. Optimistic, expected, and pessimistic returns above variable cost and/or total cost are presented in the results. The probability that total return will be equal to or greater than variable cost and/or total cost is also estimated.

Suggested Citation

  • Anderson, Kim B. & Ikerd, John E., 1985. "Whole Farm Risk-Rating Microcomputer Model," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 17(1), pages 1-5, July.
    • Handle: RePEc:ags:sojoae:29372
    DOI: 10.22004/ag.econ.29372
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    References listed on IDEAS

    as
    1. Anderson, Jock R. & Feder, Gershon, 2007. "Agricultural Extension," Handbook of Agricultural Economics, in: Robert Evenson & Prabhu Pingali (ed.), Handbook of Agricultural Economics, edition 1, volume 3, chapter 44, pages 2343-2378, Elsevier.
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    Cited by:

    1. Dubman, Robert W., 1988. "Establishing Peanut Purchasing Contract Terms With Uncertain Market Prices And Input Supplies," Journal of Food Distribution Research, Food Distribution Research Society, vol. 19(1), pages 1-14, February.
    2. Ikerd, John E. & Anderson, Kim B., 1986. "A Distribution Based Approach To Decision Risk Analysis," 1986 Annual Meeting, July 27-30, Reno, Nevada 278147, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Jim Dayton & E. Dean Baldwin, 1989. "Policy and risk implications for an individual grain farm," Agribusiness, John Wiley & Sons, Ltd., vol. 5(2), pages 181-195.
    4. Hillburn, Chris Lynn, 1993. "A theoretical and financial analysis of pork production contracts," ISU General Staff Papers 1993010108000011445, Iowa State University, Department of Economics.
    5. Knight, Thomas O. & Kubiak, Kathryn A. & McCarl, Bruce A., 1987. "Incorporating Uncertainty into Extension Decision Aids: An Overview of Four Approaches," Regional Research Projects > 1987: S-180 Annual Meeting, March 22-25, 1987, San Antonio, Texas 272337, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.

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    Keywords

    Farm Management; Risk and Uncertainty;

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