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Risk Preferences Of Agricultural Producers: Their Use In Extension And Research

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  • Young, Douglas L.

Abstract

The specific objectives of this paper are: (1) to review and critically evaluate the current state of knowledge on risk preference measurement methods and empirical results for individual agricultural producers and (2) to suggest directions for future research and extension applications requiring information on risk preferences of individual producers. The Implications of aggregate (industry) risk preferences as in risk supply response studies will not be included in this review.

Suggested Citation

  • Young, Douglas L., 1979. "Risk Preferences Of Agricultural Producers: Their Use In Extension And Research," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278203, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea79:278203
    DOI: 10.22004/ag.econ.278203
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    References listed on IDEAS

    as
    1. Jock R. Anderson, 1972. "Risk And Farm Size In The Pastoral Zone," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 16(1), pages 1-10, April.
    2. Halter, A.N. & Mason, Robert, 1978. "Utility Measurement For Those Who Need To Know," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 3(2), pages 1-12, December.
    3. Moore, Charles V., 1965. "Income Variability and Farm Size," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 17(4), pages 1-8, October.
    4. John L. Dillon & Pasquale L. Scandizzo, 1978. "Risk Attitudes of Subsistence Farmers in Northeast Brazil: A Sampling Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(3), pages 425-435.
    5. Robison, Lindon J. & King, Robert P., 1978. "Specification of Micro Risk Models for Farm Management and Policy Research," Agricultural Economic Report Series 10260, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    6. Meyer, Jack, 1977. "Choice among distributions," Journal of Economic Theory, Elsevier, vol. 14(2), pages 326-336, April.
    7. Douglas L. Young, 1979. "Risk Preferences of Agricultural Producers: Their Use in Extension and Research," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(5), pages 1063-1070.
    8. J. P. G. Webster & J. O. S. Kennedy, 1975. "Measuring Farmers' Trade-Offs between Expected Income and Focus-Loss Income," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(1), pages 97-105.
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