IDEAS home Printed from https://ideas.repec.org/p/ags/ifma88/346110.html
   My bibliography  Save this paper

Risk-Rated Farm Enterprise Budgets

Author

Listed:
  • Brown, R. Edward

Abstract

A number of theories have been proposed for managing risks. However, the lack of standard measures of risk in the past have made it difficult for farmers to apply risk management strategies in their decision making process. Risk-rated farm enterprise budgets provide a method of measuring risks and comparing the riskness of various alternatives. The risk-rated approach to risk management is designed to deal with the ever present possibility of prices and yields less favorable than expected. Good decisions can result in losses even when risks are taken into consideration. However, the chances of making decisions that turn out to be profitable can be greatly improved by the evaluation of potential profits and risks among logical alternatives.

Suggested Citation

  • Brown, R. Edward, 1988. "Risk-Rated Farm Enterprise Budgets," 7th Congress, Copenhagen, Denmark, 1988 346110, International Farm Management Association.
    • Handle: RePEc:ags:ifma88:346110
    DOI: 10.22004/ag.econ.346110
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/346110/files/IFMA7_021.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.346110?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Risk and Uncertainty; Farm Management;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ifma88:346110. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ifmaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.