Effect of Risk Aversion on Feeder Cattle Prices

Jung-Hee Lee and B Brorsen

Journal of Agricultural and Applied Economics, 1994, vol. 26, issue 2, 386-392

Abstract: This paper determines the effects of cattle feeders' risk aversion on feeder cattle prices using pen data of Kansas feedlots. Higher profit risk results in lower feeder cattle prices. The elasticity of feeder cattle price with respect to profit risk was small (-0.013). The risk elasticity estimated here is similar to risk elasticities in previous studies and thus, the use of pen-level data does not seem to add much to the study of risk.

Date: 1994
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Journal Article: EFFECT OF RISK AVERSION ON FEEDER CATTLE PRICES (1994)
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:26:y:1994:i:02:p:386-392_02

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