INCORPORATING GOVERNMENT PROGRAM PROVISIONS INTO A MEAN-VARIANCE FRAMEWORK

E-V studies traditionally have relied on historical data to calculate returns and variance. Historical data may not fully reflect current conditions, particularly when decisions involve government-supported crops. This paper presents a method for calculating mean and variance using subjectively-estimated data. The method is developed for both government-supported and non-program crops. Comparisons to alternative methods suggest the approach provides reasonable accuracy.


Issue Date:
1989-12
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/30093
PURL Identifier:
http://purl.umn.edu/30093
Published in:
Southern Journal of Agricultural Economics, Volume 21, Number 2
Page range:
95-105
Total Pages:
11




 Record created 2017-04-01, last modified 2018-01-22

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