Strategic Investments in Agriculture: How Do We Measure Risk?

Paul N. Wilson and David Anderson

No 271542, 1990 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk Meeting, January 28-31, 1990, Sanibel Island, Florida from Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk

Abstract: Decisions concerning strategic investments create risks associated with time and switching costs. In the case of cotton growers in Arizona, the decision to adopt laser leveled fields was positively related to f ann size, and negatively related to age and soil intake rates. The diffusion of this strategic investment was more sensitive to changes in government policy than to variability in output and input prices.

Keywords: Agricultural and Food Policy; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 17
Date: 1990-04
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Persistent link: https://EconPapers.repec.org/RePEc:ags:rrsr90:271542

DOI: 10.22004/ag.econ.271542

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