DO PRODUCER RISK ATTITUDES EFFECT THE SIZING OF ON-FARM HARVEST, DRYING, AND STORAGE SYSTEMS?

Todd D. Davis and George F. Patrick

No 21640, 1999 Annual meeting, August 8-11, Nashville, TN from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: An on-farm harvest, drying and storage system simulation model is used to determine how producers' risk attitudes effect combine and dryer capacity. Stochastic dominance determines the risk efficient combine and dryer set for a 2000 acre farm in central Indiana. Capacities decrease as risk aversion increases.

Keywords: Research Methods/Statistical Methods; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 14
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea99:21640

DOI: 10.22004/ag.econ.21640

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