UTILIZATION OF AN E-L FRONTIER TO EVALUATE DIFFERENCES IN—RISK PREFERENCE BETWEEN LARGE AND SMALL FARM OPERATORS

W. Arden Colette and Steven P. Hubbard

No 278879, 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Differential adoption of technology has contributed to the large discrepancy in farm income between large and small farms. Opinions vary as to whether the differential adoption is due to differences in resource endowments or to differences in attitudes. Typical field corn production practices used by large and small farm operations in North Florida are utilized to indicate the revealed risk preference characteristics of the two groups. The expected return and the variance of returns are incorporated into an E-L framework -.to evaluate any differences. The selection of technologies suggests differences in attitudes and preferences. However, the analysis indicates that at the enterprise level the attitude toward risk is similar in both groups.

Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers)
Pages: 16
Date: 1980-07
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/278879/files/aaea-1980-062.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea80:278879

DOI: 10.22004/ag.econ.278879

Access Statistics for this paper

More papers in 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Bibliographic data for series maintained by AgEcon Search ().