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Information sources and risk attitudes of large-scale farmers, farm managers, and agricultural bankers

Author

Listed:
  • George F. Patrick

    (Purdue University, West Lafayette, IN 47907-1145)

  • Stanton Ullerich

    (Buena Vista College, Storm Lake, IA 50588)

Abstract

Views of large-scale farmers, professional farm managers, and agricultural bankers on sources of information as well as sources of and responses to risk in agriculture are explored. The groups rated nine or more information sources at 3.0 or higher on a 5-point scale for production decisions. Fewer sources were rated as important for marketing and financial decisions. Internal information sources such as records, tenants, or borrowers were highly rated. In contrast to large-scale farmers, both farm managers and agricultural bankers rated professional colleagues as important information sources. Responses were similar with respect to sources of and managerial responses to risk, and in their self-assessment of management skills. © 1996 John Wiley & Sons, Inc.

Suggested Citation

  • George F. Patrick & Stanton Ullerich, 1996. "Information sources and risk attitudes of large-scale farmers, farm managers, and agricultural bankers," Agribusiness, John Wiley & Sons, Ltd., vol. 12(5), pages 461-471.
    • Handle: RePEc:wly:agribz:v:12:y:1996:i:5:p:461-471
    DOI: 10.1002/(SICI)1520-6297(199609/10)12:5<461::AID-AGR5>3.0.CO;2-4
    as

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    References listed on IDEAS

    as
    1. Stephen A. Ford & Emerson M. Babb, 1989. "Farmer sources and uses of information," Agribusiness, John Wiley & Sons, Ltd., vol. 5(5), pages 465-476.
    2. Eugene Jones & Marvin T. Batte & Gary D. Schnitkey, 1989. "The impact of economic and socioeconomic factors on the demand for information: A case study of Ohio commercial farmers," Agribusiness, John Wiley & Sons, Ltd., vol. 5(6), pages 557-571.
    3. Gerald F. Ortmann & George F. Patrick & Wesley N. Musser & D. Howard Doster, 1993. "Use of private consultants and other sources of information by large cornbelt farmers," Agribusiness, John Wiley & Sons, Ltd., vol. 9(4), pages 391-402.
    4. Patrick, George F. & Ortmann, Gerald F. & Musser, Wesley N. & Doster, D. Howard, 1993. "Information Sources of Large-Scale Farmers," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 8(3), pages 1-2.
    5. Carter, Bryson R. & Batte, Marvin T., 1994. "Selecting Delivery Methods for Outreach Education Programs," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 26(2), pages 473-484, December.
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