Evaluating Use of Outlook Information in Grain Sorghum Storage Decisions

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

Journal of Agricultural and Applied Economics, 1984, vol. 16, issue 1, 151-158

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 decisionmakers. 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.

Date: 1984
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Journal Article: EVALUATING USE OF OUTLOOK INFORMATION IN GRAIN SORGHUM STORAGE DECISIONS (1984)
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:16:y:1984:i:01:p:151-158_01

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