THE EXPECTED INCOME-RISK TRADE-OFF AMONG CORN BELT CROP FARMERS
Lars Brink ()
No 283947, 1976 Annual Meeting, August 15-18, State College, Pennsylvania from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
The risk aversion coefficient in the expected utility function of a sample of Corn Belt corp farmers was estimated. The measure of risk was similar to the mean absolute deviation. In general, the estimate was close to zero and the sensitivity of the farm plan to varying parameters was low.
Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea76:283947
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