EVALUATING USE OF OUTLOOK INFORMATION IN GRAIN SORGHUM STORAGE DECISIONS

M. Edward Rister, Jerry R. Skees and J. Roy Black

Southern Journal of Agricultural Economics, 1984, vol. 16, issue 01, 8

Abstract: This study examines grain sorghum storage decisions in the Texas Coastal Bend region. Decisions involving use and non-use of outlook information are compared using stochastic dominance criteria. Results indicate outlook information is of value to most classes of decision-makers. The value of outlook information, however, is contingent upon producers' risk preferences. The methodology presented could be used to evaluate a more extensive set of marketing strategies for grain sorghum as well as for other crops.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Date: 1984
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:sojoae:29594

DOI: 10.22004/ag.econ.29594

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