Risk Preference and Long-Run Performance of the Dairy Farm

Loren W. Tauer

No 186344, Staff Papers from Cornell University, Department of Applied Economics and Management

Abstract: Farm performance measures based upon 10 years of individual farm data are linearly regressed on risk preferences of 41 dairy farmers. Greater aversion to risk produces a lower average but more stable income, although the importance of risk preferences in determining long-run performance appears to be minor

Keywords: Farm Management; Livestock Production/Industries; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 15
Date: 1986-05
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Persistent link: https://EconPapers.repec.org/RePEc:ags:cudasp:186344

DOI: 10.22004/ag.econ.186344

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