AN OPERATIONAL APPROACH FOR EVALUATING INVESTMENT RISK: AN APPLICATION TO THE NO-TILL TRANSITION

Bharat Mani Upadhyay and Douglas L. Young

No 35992, 2003 Annual Meeting, July 13-16, 2003, Denver, Colorado from Western Agricultural Economics Association

Abstract: This study analyses short and long term safety first business risk associated with twenty six no-till transition strategies across four types of farms in eastern Washington. Risk of transition failure generated from risk averse criteria are also contrasted with a risk neutral criterion. Results revealed (1) that speeds of adoption have a larger effect than drill acquisition sequences in successful transition, (2) high equity farm have higher chance of success, and (3) slow acreage expansion with a custom or rental drill is preferred until yield penalty is eliminated.

Keywords: Farm Management; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 23
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:waeade:35992

DOI: 10.22004/ag.econ.35992

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