FARM-LEVEL EVIDENCE ON THE RISK BALANCING HYPOTHESIS FROM ILLINOIS GRAIN FARMS

This study provides farm-level empirical support to the Risk-Balancing Hypothesis using Illinois grain farm data. The econometric results indicate that risk-balancing farmers comprise more than half of the sample. These farmers tend to be older, have higher leasing ratios, are less financially efficient and manage risk through crop specialization, enterprise diversification, and marketing strategies in addition to risk balancing.


Issue Date:
2001
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/20617
Total Pages:
28
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-08-24

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