A Categorical Data Analysis on Risks in Agriculture

Hiroki Uematsu and Ashok Mishra ()

No 98839, 2011 Annual Meeting, February 5-8, 2011, Corpus Christi, Texas from Southern Agricultural Economics Association

Abstract: This study compares farm operators’ risk perceptions and actual realization of risk attitudes revealed through off-farm labor, enterprise diversification, and use of contracts, crop insurance, and other types of insurance, using data from 2001 Agricultural Resource Management Survey (ARMS). Results from ordered logit model and multivariate probit models unexpectedly found that risk loving farmers are more likely to employ risk management strategies.

Keywords: Agribusiness; Crop Production/Industries; Labor and Human Capital; Marketing; Production Economics; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 21
Date: 2011
New Economics Papers: this item is included in nep-agr and nep-ias
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea11:98839

DOI: 10.22004/ag.econ.98839

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