FACTORS AFFECTING FARMERS' RISK-INCOME PREFERENCES

George F. Patrick, Suzanne H. Whitaker and Brian F. Blake

No 278878, 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Risk-income preferences are derived from 91 Central Indiana farmers using magnitude estimation. Variability-income and bankruptcyincome measures developed are related to socioeconomic variables. Wealth and education have limited effects compared with off-farm employment, percent debt, and expected levels of income, percent debt and net worth growth.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 13
Date: 1980-07
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea80:278878

DOI: 10.22004/ag.econ.278878

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