Risk Considerations in Supply Response: Implications for Counter-Cyclical Payments' Production Impact

William W. Lin and Robert Dismukes

No 19304, 2005 Annual meeting, July 24-27, Providence, RI from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This study investigates the role of risk in farmers' acreage decisions in the Northcentral region by revisiting an earlier study by Chavas and Holt and tests the null hypothesis regadring the effects of wealth and draw out implications for farmers' risk attitudes. Estimated model results are used to examine counter-cyclical payments' production impact for major field crops.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 27
Date: 2005
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea05:19304

DOI: 10.22004/ag.econ.19304

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