MANAGING RISK BY COORDINATING INVESTMENT, MARKETING, AND PRODUCTION STRATEGIES

Donald A. Johnson and Michael Boehlje

Western Journal of Agricultural Economics, 1983, vol. 08, issue 2, 15

Abstract: This study of the farm firm integrates long run investment and financial decisions, and short-run production and marketing decisions into a single decision framework that includes both time and risk. The results suggest that the use of various strategies for managing market risks allow the entrepreneur to accept mores risk in investing and producing; and that an integrated analysis of production, marketing and investment-financing alternatives is essential to make accurate recommendations about risk management strategies.

Keywords: Farm Management; Risk and Uncertainty (search for similar items in EconPapers)
Date: 1983
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:wjagec:32087

DOI: 10.22004/ag.econ.32087

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