THE IMPORTANCE OF USING FARM LEVEL RISK ESTIMATES IN CRP ENROLLMENT DECISIONS

Amos I. Bechtel and Douglas L. Young

No 35717, 1999 Annual Meeting, July 11-14, 1999, Fargo, ND from Western Agricultural Economics Association

Abstract: Easily accessible county data produced frontiers which substantially underestimated the reduction in risk by enrolling in the CRP. Furthermore, the county yield data portrayed an unattainable level of utility for a moderately risk averse farmer. Farm level data predicted CRP enrollment similar to actual enrollment in the study region.

Keywords: Farm Management; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 12
Date: 1999
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:waeafa:35717

DOI: 10.22004/ag.econ.35717

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