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Title: Location Preference for Risk-Averse Dutch Dairy Farmers Immigrating to the United States
Authors: Richardson, James W.
Herbst, Brian K.
Duncan, Anthony
den Besten, Mark
van Hoven, Peter
Keywords: dairy relocation
production economics
ranking risky alternatives
risk analysis
JEL Codes: F21
Issue Date: 2007-12
Abstract: Increased environmental regulations and a milk quota that restricts growth have increased the interest in immigration to the United States by Dutch dairy farmers. A risk-based economic analysis of 23 representative U.S. dairy farms versus a representative Dutch farm shows that risk-averse Dutch dairy farmers would prefer to liquidate their dairy farms and invest in a large dairy in Idaho or north Texas. The risk ranking suggested that continuing to farm in the Netherlands rather than immigrating to the United States is preferred over only two of the 23 U.S. representative farms analyzed.
Institution/Association: Journal of Agricultural and Applied Economics>Volume 39, Number 03, December 2007
Total Pages: 14
From Page: 735
To Page: 748
Collections:Volume 39, Number 03, December 2007

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