Savings and technology choice for risk averse farmers

Donna C. Brennan

Australian Journal of Agricultural and Resource Economics, 2002, vol. 46, issue 4, 13

Abstract: Farmers in developing countries have limited opportunities for borrowing to even out variability associated with risky farm income, but they can save. A dynamic programming model of savings is presented in the current paper which examines optimal savings strategies for farmers, using a case study of integrated rice-shrimp farms in Vietnam. It is shown that when savings are accounted for, the expected utility ranking of different risky farm choices may not differ that much between farmers with different levels of risk aversion.

Keywords: Farm Management; Risk and Uncertainty (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aareaj:118593

DOI: 10.22004/ag.econ.118593

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