RISK, GOVERNMENT PROGRAMS, AND THE ENVIRONMENT

Michael Roberts, Craig D. Osteen and Meredith J. Soule

No 33563, Technical Bulletins from United States Department of Agriculture, Economic Research Service

Abstract: Nearly all farm business ventures involve financial risk. In some instances, private and public tools used to manage financial risks in agriculture may influence farmers' production decisions. These decisions, in turn, can influence environmental quality. This bulletin summarizes research and provides some perspective on private and public attempts to cope with financial risks and their unintended environmental consequences. Specifically, it examines the conceptual underpinnings of risk-related research, challenges involved with measuring the consequences of risk for agricultural production decisions, government programs that influence the risk and return of farm businesses, and how production decisions influence both the environment and the risk and average returns to farming.

Keywords: Agricultural and Food Policy; Environmental Economics and Policy; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 52
Date: 2004
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Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerstb:33563

DOI: 10.22004/ag.econ.33563

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