Producer Perceptions of Corn, Soybean and Cotton Price Risk

John Michael Riley and John Anderson

No 46865, 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia from Southern Agricultural Economics Association

Abstract: Risk is an inevitable part of agricultural production and all producers face various forms of risk. This study used the subjective price expectations and price distributions of survey participants to determine how producer’s expectations compare with that of the market. Data used for this study were gathered through survey responses from Mississippi State University Extension meeting and workshop participants. Individual respondent’s discreet stated price and price distribution information was fitted to a continuous distribution and an implied mean and standard deviation was determined. This was compared to market price and price risk data. Participants largely over-estimated price. Individual volatilities resulting from each fitted distribution were lower than that implied by the market.

Keywords: Production; Economics (search for similar items in EconPapers)
Pages: 24
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeana:46865

DOI: 10.22004/ag.econ.46865

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