MICROECONOMIC EVALUATION OF FARM RISK MANAGEMENT DECISIONS IN KENTUCKY

Murali Kanakasabai, Carl R. Dillon and Jerry R. Skees

No 36178, 2001 Annual Meeting, July 8-11, 2001, Logan, Utah from Western Agricultural Economics Association

Abstract: The primary objective of this research is to integrate various avenues of risk management to provide a unified risk management strategy for the Kentucky producer. In addition the optimal insurance purchasing behavior and the impact of moral hazard on the optimal decisions of producers across risk levels is also studied. The study utilizes biophysical simulation modeling and quadratic programming to arrive at its results.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 36
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:ags:waealo:36178

DOI: 10.22004/ag.econ.36178

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