SOURCES AND MANAGEMENT OF RISK: EVIDENCE FROM LEADING CORNBELT FARMERS IN THE USA

Leading Cornbelt farmers in the USA were surveyed on their sources of and responses to risk in farm production, marketing and finance. Variability in crop prices and yields were regarded as the main sources of risk. The main production responses to risk included timely use of machinery and low-cost production, while forward contracting and participation in government farm programmes were the most important marketing responses. Important financial responses included liability insurance, debt/leverage management and maintaining financial reserves. Respondents expressed a need for more information on risk management.


Other Titles:
Bronne en bestuur van risiko: Bewyse van vooraanstaande 'Cornbelt'-boere in die VSA.
Issue Date:
1992-12
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/267540
ISSN:
0303-1853
Language:
English
Published in:
Agrekon, Volume 31, Issue 4
Page range:
216-221




 Record created 2018-01-31, last modified 2018-04-02

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