Risk efficient farm plans vs. actual producer patterns: cash-crop and crop-livestock systems

Larry J. Held and Richard A. Zink

No 291680, WAEA/ WFEA Conference Archive (1929-1995) from Western Agricultural Economics Association

Abstract: MOTAD is used to develop risk efficient farm plans for an irrigated farm in Eastern Wyoming. Compared to a cash-crop system, a crop-livestock system yields higher income and less income variability. Area producers specified a representative farm plan which assumes an intermediate risk-income position, reflecting risk aversion.

Keywords: Risk and Uncertainty; Crop Production/Industries; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 13
Date: 1981-07-19
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Persistent link: https://EconPapers.repec.org/RePEc:ags:waeaar:291680

DOI: 10.22004/ag.econ.291680

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