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Measuring Historical Risk in Quarterly Milk Prices

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  • Ford, Beth Pride
  • 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.

Suggested Citation

  • Ford, Beth Pride & Musser, Wesley N. & Yonkers, Robert D., 1993. "Measuring Historical Risk in Quarterly Milk Prices," Agricultural and Resource Economics Review, Cambridge University Press, vol. 22(1), pages 20-26, April.
    • Handle: RePEc:cup:agrerw:v:22:y:1993:i:01:p:20-26_00
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    References listed on IDEAS

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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(1), 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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