FARM-LEVEL EVIDENCE ON THE RISK BALANCING HYPOTHESIS FROM ILLINOIS GRAIN FARMS

Cesar Escalante () and Peter J. Barry

No 20617, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This study provides farm-level empirical support to the Risk-Balancing Hypothesis using Illinois grain farm data. The econometric results indicate that risk-balancing farmers comprise more than half of the sample. These farmers tend to be older, have higher leasing ratios, are less financially efficient and manage risk through crop specialization, enterprise diversification, and marketing strategies in addition to risk balancing.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 28
Date: 2001
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea01:20617

DOI: 10.22004/ag.econ.20617

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