000018991 001__ 18991
000018991 005__ 20181010180942.0
000018991 037__ $$a1270-2016-101996
000018991 041__ $$aen
000018991 245__ $$aFarmers' Subjective Perceptions of Yield and Yield Risk
000018991 260__ $$c2006
000018991 269__ $$a2006
000018991 270__ $$megelkraut@oregonstate.edu$$pEgelkraut,   Thorsten M.
000018991 270__ $$msherrick@uiuc.edu$$pSherrick,   Bruce J.
000018991 270__ $$mp-garcia@uiuc.edu$$pGarcia,   Philip
000018991 270__ $$mjmpennin@uiuc.edu$$pPennings, Joost M.E.
000018991 300__ $$a14
000018991 336__ $$aConference Paper/ Presentation
000018991 446__ $$aEnglish
000018991 490__ $$a2006 NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management
000018991 520__ $$aUsing survey responses of Illinois corn farmers to differently framed yield questions, we examine their subjective information by relating stated yields and risk to the corresponding objective county measures.  The results show that farm-level yields can be best characterized by soliciting probabilistic information, which provides more accurate yield assessments than an open-ended frame and consistent estimates of producers- subjective risk.  Moreover, we find that overconfidence can be confused with differences in relevant information and that using recent data may be more appropriate in examining subjective risk statements.  Our results are important for agricultural policy-makers and researchers, particularly those who work with surveys that include questions about producers' yields.
000018991 650__ $$aCrop Production/Industries
000018991 700__ $$aEgelkraut, Thorsten M.
000018991 700__ $$aSherrick, Bruce J.
000018991 700__ $$aGarcia, Philip
000018991 700__ $$aPennings, Joost M.E.
000018991 8564_ $$s215731$$uhttp://ageconsearch.umn.edu/record/18991/files/cp06eg01.pdf
000018991 887__ $$ahttp://purl.umn.edu/18991
000018991 909CO $$ooai:ageconsearch.umn.edu:18991$$pGLOBAL_SET
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  Previous issue date: 2006
000018991 982__ $$gNCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management>2006 Conference, April 17-18, 2006, St. Louis, MO
000018991 980__ $$a1270