Incorporating Government Program Provisions into a Mean-Variance Framework

Gregory Perry, M. Edward Rister, James Richardson () and David Bessler ()

Journal of Agricultural and Applied Economics, 1989, vol. 21, issue 2, 95-105

Abstract: E-V studies traditionally have relied on historical data to calculate returns and variance. Historical data may not fully reflect current conditions, particularly when decisions involve government-supported crops. This paper presents a method for calculating mean and variance using subjectively-estimated data. The method is developed for both government-supported and non-program crops. Comparisons to alternative methods suggest the approach provides reasonable accuracy.

Date: 1989
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Journal Article: INCORPORATING GOVERNMENT PROGRAM PROVISIONS INTO A MEAN-VARIANCE FRAMEWORK (1989)
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:21:y:1989:i:02:p:95-105_00

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