The new risk environment in California agriculture

Steven Blank ()

Agribusiness, 1995, vol. 11, issue 2, 155-168

Abstract: A perceived increase in the risk environment of agricultural production in California is found to have significant economic implications. Using a portfolio model, hypotheses are derived concerning the reaction of individual producers to the shift in risk. Survey results indicate that agricultural producers are reacting in a manner consistent with a hypothesized „transition period” that could last several years before a new equilibrium is found. Unfortunately, the timing of this transition may be adding to the recessionary conditions within California's economy. © 1995 by John Wiley & Sons, Inc.

Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:11:y:1995:i:2:p:155-168

DOI: 10.1002/1520-6297(199503/04)11:2<155::AID-AGR2720110208>3.0.CO;2-N

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